The live price of SHIB is $0.{8}6898 per (SHIB / USD) today with a current market cap of $689,079.57 USD. The 24-hour trading volume is $11.79M USD. SHIB to USD price is updated in real time. It has a total supply of 100.00T .
SHIB is an inscription token issued on the Bitcoin blockchain based on the Ordinals protocol. With a total supply of 21 million bitcoins, each coin can be subdivided into 100 million satoshis (satoshi is the lowest denomination of a Bitcoin), amounting to a total of 2100 trillion satoshis. Inscriptions are created by using the Ordinals protocol to write content to each satoshi. The ordinals protocol involves writing information to each satoshi, including text, pictures, audio, video, etc.
SHIB: What Is It and How Does It Work?
SHIB - An Overview
SHIB is a token that was created on the Bitcoin blockchain, using the Ordinals protocol. It is an inscription token, with a total supply of 21 million bitcoins. Each coin can be divided into 100 million satoshis, which is the smallest denomination of a Bitcoin. This results in a total of 2100 trillion satoshis. The Ordinals protocol is used to write content to each satoshi, such as text, pictures, audio, and video.
SHIB has a total supply of 100 trillion tokens, and it has many storage addresses and transactions. It is a 100 percent mintable token, which makes it an attractive option for trading and investment, especially for those interested in meme tokens. Despite its playful nature, SHIB has experienced impressive price increases, and its community is growing. This highlights the diverse opportunities that the cryptocurrency market offers for both fun and profit. However, like any investment in the volatile crypto world, it is important to carefully evaluate the benefits and risks associated with SHIB tokens.
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The BRC-20 inscription tokens SHIB are tokens based on the Ordinals protocol and inscribed on the Bitcoin network. To purchase SHIB, you need a crypto wallet that supports the Bitcoin network. For instance, you can purchase SHIB on the marketplace within these Bitcoin wallets at unisat.io/market/brc20?tick=SHIB or ordinalswallet.com/brc20/SHIB. However, it's important to note that you will need to buy BTC and deposit it into these Bitcoin wallets first before you can acquire these BRC-20 tokens.
Some of the major BRC-20 inscription tokens, including $ORDI, $SATS, $RATS, $VMPX, $PEPE, $BIP, are currently listed on Bitget, where you can purchase them.
You can inscribe various types of Bitcoin inscription tokens, including Bitcoin NFT, BRC-20, and more, at web3.bitget.com, unisat.io/inscribe, ordinalswallet.com/inscribe, idclub.io/brc20 or looksordinal.com. The process for inscribing BRC-20 inscription tokens is as follows:
1. First, you need to buy BTC and deposit the acquired BTC in your Bitcoin Wallet.
2. Then, open the inscription feature module on these platforms in your browser and select the BRC-20 type.
3. You can click the search icon and select BRC-20 to view a list of Bitcoin-based inscription tokens.
4. Select an inscription token currently being distributed and participate in the minting process.
5. Select how many times you want to mint this token inscription. With each minting, you will receive a specific number of tokens. For example, with 5 times of minting, you will get five times that specific number of tokens.
6. Enter the gas fee amount. Keep in mind that a higher gas fee will result in a faster transaction processing time.
7. Minting is complete. You can now view the inscribed tokens in the My Inscription section on the Profile page of these minting platforms, or all the inscription tokens on your Bitget Wallet.