Gemini announced on Nov. 12, 2021, that it was adding support for Shiba Inu (SHIB), Audius (AUDIO), Mask Network (MASK), Wrapped Centrifuge (wCFG), Quant (QNT), Radicle (RAD), Burn (ASH), SuperRare (RARE), Fetch AI (FET), and Numeraire (NMR) deposits and custody.
Other tokens will also be supported, including new DeFi, metaverse, infrastructure, and data management tokens. Trading for these newly-listed tokens will open on API/FIX and ActiveTrader applications, followed by the Gemini Mobile App and website.
How to acquire Shiba Inu
Binance, Coinbase, and KuCoin have already listed SHIB. According to a tweet, Kraken said that it would list Shiba Inu (SHIB) on Nov 2 If the tweet got 2,000 likes. This would have given SHIB greater liquidity, except that Kraken went back on its word, despite the tweet receiving over 50,000 likes. A petition accruing over 500,000 signatures is lobbying for the asset to be listed on Robinhood.
Another option is to use a decentralized exchange. To use a decentralized exchange like Uniswap one would need a software wallet like MetaMask to swap Ethereum for Shiba Inu. According to Ryoshi, the founder of SHIB, close to half of the supply is locked in a liquidity pool on Uniswap.
An expanding ecosystem
Meme coins are often subject to short lives, unlike entrenched coins like bitcoin and Ethereum. As such, they often get overlooked by most major trading platforms. Because of their massive circulating supplies, prices are often fractions of a cent and some investors buy them just to get more ‘bang for their buck,’
The Shiba Inu ecosystem consists of Shiba Inu (SHIB), Leash (LEASH), and Bone (BONE). SHIB is the project’s foundational currency, LEASH has a supply of 107,646 tokens and was designed as a rebase token to track the price of Dogecoin (DOGE), and BONE has a supply of 250,000,000 and is a governance token.
ShibaSwap is a DeFi platform where SHIB and LEASH can be purchased and sold. The platform even offers Shiboshis, which are SHIB-focused NFTs that are minted on the Ethereum blockchain. Similar to other NFT collections, each Shiboshi has different traits that make each one unique.
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