How to Buy Half Shiba Inu (SHIB0.5)

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Contributor, Benzinga
March 1, 2023

Want to jump straight to how to buy Half Shiba Inu? You can buy SHIB0.5 on Uniswap.

One of the major ideas driving the rise of cryptocurrencies and blockchain technology is decentralization — where no central authority has control over the token. However, this is often not the case in practice. In many cases, a person or group has control over a large portion of the token supply, can make major decisions and takes power away from the community. Half Shiba Inu aims to put control back into the hands of the community. 

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What is Half Shiba Inu (SHIB0.5)?

Half Shiba Inu is an ERC-20 meme coin based on Shiba Inu (SHIB). The project places a large emphasis on its community and willingness to achieve decentralization. It has several other parts that contribute to the overall token ecosystem.

One of the larger aspects of the project is its NFT project, called “Half Shiboshis.” The collection of 1,000 non-fungible tokens (NFTs) features pixelated Shiba Inus with characteristics of varying rarity, such as clothes, headwear and background. The funds from the original mint were distributed such that 50 NFTs are saved for future giveaways and 30% of the revenue was used for liquidity injections and buybacks of the token. The remaining revenue is used to develop SHIB0.5 further. If you are interested in the project, check it out on OpenSea.

Half Shiba Inu does not charge fees on transactions because the token is a SHIB liquidity provider (LP). You swap SHIB for SHIB0.5, and the owners of SHIB0.5 take SHIB out of circulation and give you the same value in SHIB0.5. In this sense, SHIB0.5 mirrors a certificate of deposit (CD)m certifying that you gave the owners of the project an equal value in SHIB. 

Although Half Shiba Inu charges no fees, you pay transaction fees to the decentralized exchange (DEX) where the transaction occurs. The owners also have a renounced contract in which they have given up custody of the smart contract that automates this process. They cannot change the original smart contract, furthering the decentralization of the project. 

Shiba Inu is planning on launching its own Layer 2 blockchain called Shibarium, which would allow for faster transaction speeds, scalability and costs. A Layer 2 chain acts as an extension of a Layer 1 blockchain — Ethereum in this case — so Shibarium will act as an extension of Ethereum that can process its own transactions. SHIB0.5 could be listed on Shibarium when it launches, which would further lower transaction costs and increase speeds. 

Brief History of Half Shiba Inu (SHIB0.5)

Half Shiba Inu was initially released in early February 2023 via an initial coin offering (ICO) for around $8. The price remained relatively stable before reaching an all-time high of $14.88 on Feb. 20, 2023. Since then, the price has fallen rapidly. 

The NFT collection minted a couple days before the token was released, and all 1,000 NFTs sold out. 

Step 1: Open an Online Account

The first step to purchasing SHIB0.5 is to open an account on a crypto trading platform. You will need to purchase Ethereum, send it to a wallet and then use the wallet on a DEX to obtain SHIB0.5 tokens. 

SHIB0.5 can be swapped for SHIB, so you will have to purchase SHIB on a centralized exchange. 

Trading platforms such as Coinbase, Uphold and eToro support SHIB and are known for their ease of use, security and low fees.

Create an account on one of these platforms using an email and password and then verify your account using basic personal information. You fund your account through a bank transfer. 

Purchase SHIB, and it will appear in your portfolio. Then, send the tokens to a wallet. 

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Step 2: Buy a Wallet 

A wallet is needed to purchase SHIB0.5. Wallets give users full discretion over their funds and give them access to a variety of decentralized finance (DeFi) applications. 

Best Hardware Wallet: Ledger

Hardware wallets are physical devices that store the private codes needed to send crypto. If the physical device is not present to confirm transactions, the crypto cannot be sent.

Ledger is a leading brand of hardware wallet known for its safety and usability. It offers Nano S Plus and Nano X models, with a Ledger Stax available for preorder. The Nano S Plus offers basic features while the Nano X is designed for easier use with Bluetooth connectivity and a larger screen. 

Best Software Wallet: MetaMask

Software wallets store private keys online. While this is not as safe, MetaMask is a software wallet that takes extra steps to ensure the security of funds.

MetaMask encrypts all information on its servers. Information is accessed through a password, which can also have two-factor authentication. You can attach a hardware wallet to your MetaMask to make your trades efficient and safe.

Step 3: Make your Purchase

Navigate to your portfolio and use the send feature to send your crypto to your wallet. The address to your wallet can be found on the dashboard of your wallet and is a 64-character string of letters and numbers. 

With the tokens in your wallet, head over to Uniswap. Search for the pair of SHIB and SHIB0.5, and execute the trade. Make sure that you have a small amount of SHIB available to cover transaction fees. From there, your SHIB0.5 is stored in your wallet. 

Trade, Sell or Convert your SHIB0.5 Protocol (SHIB0.5)

To trade your SHIB0.5, navigate back to a DEX and swap your SHIB0.5 position for SHIB. You can then send SHIB back to a trading platform and sell it for fiat currency or swap it for a different token.

Current Crypto Prices

In early 2023, many major cryptocurrencies have seen a rebound after a tough 2022. While some see this movement as the end of the bear market, others predict a strong reversal. 

Either way, it is important to stay up to date with Benzinga’s crypto price chart. 

Is Half Shiba Inu (SHIB0.5) a Good Investment?

Half Shiba Inu is hoping to ride on the extreme hype of Shiba Inu. While it has created a somewhat strong community, it has a relatively low market cap and volume. Additionally, the NFT project currently has NFTs selling for below mint, often a sign of a struggling project. However, if you believe that SHIB0.5 has long-term potential, then it could be a great entry point. Otherwise, it may be best to stay away. 

Disclosure: ²Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts
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About Caden Pok

Caden has been involved with crypto since 2018, when he began investing, trading, and mining tokens. He took part in undergraduate research studying cryptoeconomics at the University of Michigan, where he will graduate Phi Beta Kappa with a bachelor’s in economics in 2025. He is experienced with DeFi technology and multiple blockchains, currently investing in Ethereum and Bitcoin.