How to Buy a Half Shiba Inu (SHIB0.5) in 2023 • Benzinga

Wondering how to buy a Half Shiba Inu? You can buy SHIB0.5 through Uniswap.

One of the main ideas behind the growth of cryptocurrencies and blockchain technology is decentralization – where no central authority can control the token. However, this does not often happen in practice. In many cases, one person or group controls most of the token supply, can make important decisions and take power away from the community. Half Shiba Inu aims to put management back in the hands of the community.

Half Shiba Inu is an ERC-20 meme based on Shiba Inu (SHIB). The project attaches great importance to its community and its desire to achieve decentralization. It has several other parts that contribute to the overall token ecosystem.

One of the most important aspects of the project is its NFT project called “Half Shiboshis”. The 1000 Fungible Token (NFT) collection features pixelated Shiba Inus with various rare features such as clothing, headgear and backgrounds. Home Mint funds will be reserved for future giveaways of 50 NFTs and distributed so that 30% of revenue is used for cash injections and token redemptions. The remaining income will be used for further development of SHIB0.5. If you are interested in the project, check it out on OpenSea.

Half Shiba Inu does not charge transaction fees as the token SHIB is a Liquidity Provider (LP). You sell SHIB for SHIB0.5 and the owners of SHIB0.5 withdraw the SHIB and give you the same value in SHIB0.5. In this sense, SHIB0.5 presents the project owners with a certificate of deposit (CD) confirming that you have given equal value in SHIB.

Although Half Shiba Inu does not charge any commission, you pay a transaction fee to the decentralized exchange (DEX) where the transaction takes place. Owners have an opt-out clause where they opt out of complying with a smart contract that automates this process. They support the decentralization of the project and cannot change the original smart contract.

Shiba Inu plans to launch its own 2-layer blockchain called Shibarium, which will allow for faster transaction speed, scalability and costs. The Level 2 blockchain acts as an extension of the Level 1 blockchain – in this case Ethereum – so Shibarium acts as an extension of Ethereum that can process its own transactions. SHIB0.5 will likely be listed on Shibarium upon launch, further reducing transaction costs and increasing speed.

Half a Shiba Inu was originally released in early February 2023 through an initial coin offering (ICO) for around $8. The price remained relatively stable until reaching $14.88 on February 20, 2023. Since then, the price has been falling rapidly.

The NFT collection was done a few days before the token release and all 1000 NFTs were sold.

The first step to buy SHIB0.5 is to open an account on a crypto trading platform. You need to buy Ethereum, send it to a wallet, then use the wallet on DEX to get SHIB0.5 tokens.

SHIB0.5 can be exchanged for SHIB, so you will need to buy SHIB on a centralized exchange.

Trading platforms such as Coinbase, Uphold and eToro support SHIB and are known for their ease of use, security and low fees.

Create an account on one of these platforms using your email and password, then verify your account using basic personal information. You fund your account by bank transfer.

Buy SHIB and it will appear in your wallet. Then send the tokens to the wallet.

A wallet is required to purchase SHIB0.5. Wallets give users complete freedom over their funds and allow them to access various decentralized finance (DeFi) applications.

Hardware wallets are physical devices that store the private codes needed to send cryptocurrencies. Without a physical device to confirm transactions, crypto cannot be sent.

Ledger is a leading hardware wallet brand known for its security and user-friendliness. It offers Nano S Plus and Nano X models, Ledger Stax is available for pre-order. The Nano S Plus offers basic functionality, while the Nano X is designed for ease of use with Bluetooth connectivity and a larger screen.

Software wallets store private keys online. Although not secure, MetaMask is a software wallet that takes extra steps to keep your funds safe.

MetaMask encrypts all information on its servers. Information is accessed through a password, which can be two-factor authentication. You can add a hardware wallet to MetaMask to make transactions more efficient and secure.

Go to your wallet and use the send function to send your crypto to your wallet. Your wallet address can be found on your wallet dashboard and is 64 characters long consisting of letters and numbers.

Go to Uniswap with the tokens in your wallet. Find the SHIB and SHIB0.5 pair and execute the transaction. Make sure you have a small amount of SHIB to cover transaction fees. From there, your SHIB0.5 will be stored in your wallet.

To trade SHIB0.5, return to the DEX and exchange the SHIB0.5 position for SHIB. You can then send your SHIB back to the trading platform and sell it for fiat currency or exchange it for another token.

In early 2023, many major cryptocurrencies rebounded from a difficult 2022 period. While some see this move as the end of the bear market, others predict a strong reversal.

In any case, it is important to be aware of Benzinga’s cryptocurrency price chart.

Half a Shiba Inu hopes to ride the extreme Shiba Inu hype. Although it has built a fairly strong community, its market capitalization and size are relatively low. Additionally, in the NFT project, NFTs are currently trading below mint, which is often a sign of a struggling project. However, if you think SHIB0.5 has long-term potential, it could be a great entry point. Otherwise, it’s best to stay away.