ShibaSwap portal launched: Shiba Inu's dedicated decentralized cyrpto exchange

official Twitter account of Shiba ecosystem announced launch of ShibaSwap on July 6, 2021. It is Shiba Inu's dedicated portal that can be used to Dig, Fetch, Bury, Swap, Bonefolio and Woof with Shiba Inu. Shiba Inu is a relatively new cryptocurrency that currently converts to $0.000008945 and a tring volume of over $656 million. As cryptocurrencies like Bitcoin and Eheruem seem to fall, Shiba Inu is gaining popularity among modern-day crypto investors. 

Shiba Swap Release Date 

After a lot of rumours, ShibaSwap launch date turns out to be July 6, 2021. ShibaSwap is Shiba Inu's decentralized exchange which will allow users to tre among Shiba Inu and or cryptocurrency tokens. Before launch, investors in India tre in Shiba Inu using an Indian exchange called WazirX. ShibaSwap launch will make tring through Shiba Inu easy for investors, as it is a dedicated platform developer to facilitate Shiba Inu transactions. official website of Shiba Token says that "Between its international recognition and its legitimate utility, SHIB is up thousands of times and is constantly expanding its reach. SHIB is first to be listed and incentivized on ShibaSwap, our proprietary DEX."

ShibaSwap launch will benefit Shiba Inu against Dogecoin 

Shiba Inu currently has a market cap of about $3.5 billion and is marketing itself as a Dogecoin killer, which is yet anor popular meme coin. Both cryptocurrencies were started as a joke by ir developers and now hold a significant market cap in crypto industry. However, Shiba Inu has to climb a long graph in order to come close to Dogecoin, which has a massive market cap of $30.6 billion. Both cryptocurrencies were at ir peak in first two weeks of May 2021.

Interestingly, ShibaSwap plays around with terminology used on portal as actions such as staking tokens are termed as 'Bury'. Leveraging meme coin image that Shiba Inu has, portal has been kept very simple and rar humorous. Or actions related to Shiba Inu coin are named in terminology that resembles dogs and ir tantrums. This might be done in order to mock competition Dogecoin, which has become one of most popular cryptocurrencies. 

IMAGE: REPRESENTATIVE