Shiba Inu is one of the popular meme token in the crypto space.
Although many consider SHIB to be a shitcoin, because it doesn’t have real value, others see huge potential in it.
Also, its developers has an intended goal to increase the value, with appeal to investors, to started burning SHIB.
If you belong to the second group of people, you might be looking for a way to add Shiba Inu (SHIB) to MetaMask wallet.
Since SHIB is built on the Ethereum network, it’s fairly easy to add it as a custom token to the Web3 crypto wallet.
You need SHIB tokens on your MetaMask account to use the ShibaSwap exchange, or provide liquidity to earn yields.
In this guide, we will show you the easiest way to add Shiba coin to your MetaMask with a verified Ethereum contract address.
How to add Shib to MetaMask
In this tutorial, am assuming that you have downloaded and setup your MetaMask wallet properly on your device.
Otherwise, you should download and install it from the official website.
Before starting the process, ensure that Ethereum is selected on your MetaMask account from the network drop-down list.
Once you’ve confirmed that it’s on the right network, proceed with importing Shiba crypto by following the simple steps below.
- Select ‘Import Tokens’ from the menu
- Copy and paste the SHIB contract address
- Enter the Shiba coin symbol
- Leave every other field empty
- Click on ‘Add Custom Token’ button
- Confirm that the token is imported.
Once the process goes through successfully, the Shiba (SHIB) token will be added to your list of tokens in the wallet account.
What is Shiba Inu?
It is a cryptocurrency that was created and established on Ethereum blockchain in August 2020 as a decentralized and peer-to-peer digital currency.
Shiba Inu has a limited supply of 1 quadrillion tokens, and a portion of all transactions are automatically burned.
This is intended to increase the value of the remaining cryptocurrency tokens over time.
The project has a team of anonymous developers who built on a decentralized ecosystem of applications on the Ethereum network.
The cryptocurrency is named after a Shiba Inu dog breed, which is popular in memes and Dogecoin.
How is SHIB token used?
The SHIB cryptocurrency token is used to power the applications in the entire Shiba Inu ecosystem.
These applications include ShibaSwap DEx and Shibarium, a Layer 2 scaling solution that uses the BONE gas token.
What can I do with Shiba on MetaMask?
You can swap the SHIB tokens for other Metaverse coins in the Shiba Inu ecosystem like UFO Gaming, Dogelon Mars, Ryoshis Vision and others.
ShibaSwap users can also provide liquidity for crypto pairs to earn fees on transaction that are boosted by protocol revenues.
The boosted yield is paid out in $BONE, which is also the gas token for Shiba Inu’s Layer 2 ecosystem Shibarium.
Does MetaMask support Shiba Inu natively?
Yes, you can add the SHIB cryptocurrency token directly to MetaMask wallet, because it’s based on Ethereum blockchain.
MetaMask supports ERC-20 tokens on default, so adding Shiba Inu to the wallet will not be stressful.
Adding Shiba Inu (SHIB) token to your MetaMask wallet is easy and can be done in just a few steps above.
Once you’ve added SHIB to your wallet, you can use it on ShibaSwap, or provide liquidity to yield farming pools and earn fees in $BONE.
ShibaSwap is an Ethereum-based decentralize exchange.
SHIB token is a memecoin that is rapidly evolving, and can easily be added to MetaMask for exploring the Shiba Inu universe.