There are enough projects out there that are actually doing nothing. Admittedly a meme coin, SHIB is building a strong community:
- 1.1 MILLION Twitter followers @shibtoken
- 275K Reddit members r/SHIBarmy
- also check r/SHIBadults for more realistic discussion.
- 113K Discord members – Official Shibatoken Community
It goes without saying, THIS IS NOT INVESTING ADVICE. Do your own research. We all know that crypto tends to follow the Hype Cycle pretty accurately, so ups and downs are to be expected.
Since the SHIB token community is actually helping raise money for Shiba Inu dogs to get rescued and adopted, it separates itself from 99% of the other coins out there.
The SHIB token and community actively promotes the Shiba Inu Rescue Association.
The Shiba Inu Rescue Association is a 501(c)3 non-profit organization. The SHIB crypto community does the service of encouraging members to leverage Amazon Smile, which can donate a portion of your Amazon purchases to the nonprofit.
As fellow dog lovers, when we heard that SHIB crypto community is helping Shiba Inu’s get rescued and adopted, we wanted to be involved. So, yes – we purchased some SHIB token with no intentions of selling for the foreseeable future 🙂
Is the coin garbage? Quite possibly. If by owning SHIB coin, more cute little Shiba Inu puppies are able to find homes, will you regret your ownership regardless of how the price turns out in the long run? Doubt it.
Why The SHIB Token Crypto Community Matters
SHIB is one of the few communities doing something in the real world.
For that, the community deserves some respect.
The thing about the world of crypto today is that there are a never ending number of new projects and tokens available for purchase.
New crypto projects are launched every. damn. day.
Building a cryptocurrency token on the blockchain has become commoditized.
Although Blockchain can be difficult to wrap your head around, the technology itself is surprisingly simple and elegant compared to the complexities of other types of software.
Development is relatively simple…. the average college student majoring in computer science can write a few lines of code and create a blockchain.
In a market of commoditized goods and services, the one thing that will never be a commodity is the human. People will always determine the value of any cryptocurrency token. The people are the ones that build the community which can create something meaningful.
If you’re looking for a strong cryptocurrency to get on board with, find a token that has a dedicated community.
That being said…..
When two of the biggest names in technology are involved with a project, its a good sign. I’m talking about both Elon Musk (CEO Tesla, SpaceX) and Vitalik Buterin (founder of Ethereum).
Their online publicity for SHIB is another signal for the dedicated and committed community that the SHIB token is building:
Elon Musk Subtweets SHIB Token
Say what you will about shitcoins being overhyped and “pump and dump” schemes. SHIB might even be a scam, who knows… and there has certainly been some big action on the “pump” side.
Tweets from Elon Musk about getting a Shiba Inu was likely a subtweet referencing the meme that SHIB as well as DOGE have become.
Vitalik Buterin Gifts $1 Billion in SHIB to India Relief Fund
Vitalik Buterin was gifted billions of dollars worth of SHIB token, $1 Billion of which he first donated.
But Vitalik had even more SHIB – he only donated 10% of his holdings – and his next move was unexpected.
As seen on Etherscan, Vitalik actually burned the equivalent of more than $12 BILLION in today’s value, since SHIB has appreciated since then.
Vitalik explained his rationale for the whole endeavor in a note.
In the note, Vitalik mentioned that he was “impressed with how the dog communities have treated the recent donations” and focus on “making the world better as a whole“.
For a crypto community, this is quite inspiring to see, and might just restore our faith in humanity.
SHIB Token Artwork
Aside from donating, the SHIB community encourages its members to create artwork.
Its unclear from the website how the artwork is related to the SHIB token, but it can be expected that at some point, NFT artwork may be involved.
There are all sorts of different artwork creations being made featuring the cute little Shiba Inu puppy mascot, just look at a few of them below.
As far as a Shiba Inu coin art incubator, it looks like they’ve started taking applications and we’ll look forward to seeing more exciting creations that the community comes up with.
So, its a fact that SHIB token has had more than a few positive impacts on the world: donating money to India Relief fund, as well as helping raise money for Shiba Inu dog adoption.
And if we’re going to risk betting on a cryptocurrency, we want to bet on one where we know there is at least some good in the world coming of it, because there’s always the chance that we lose our money.
Regardless of whether or not we go to the moon, funds are being raised, and dogs are being helped.
Because dogs are our best friend.
Which cryptocurrencies do you like? Which tokens do you think are actually doing something in the real world?
Get the Future of Technology letter each month. Sign up below.