Time for another video! And this is probably going to be a co | Coin Bureau Insider
Time for another video!
And this is probably going to be a controversial one...
Now, you guys know that I am no fan of memecoins & tokens. More often than not, they are shitcoins designed explicitly to enrich the founders and they are often pumped / dumped.
That is why when Shiba Inu first hit the market, I was similarly sceptical.
However, something piqued my interest recently and that was the recent listing of it on Coinbase.
Yes, this was most likely a move by Coinbase to capture trading volume / fees. However, I still think its highly unlikely that a US listed company would list a complete and utter shitcoin. It would have to pass code audits and its tokenomics would have to vaguely make sense.
So, it was with this listing that I thought it warranted a closer look. A video that explored it in a lot more detail - it's only fair.
Today, I have that video for you guys.
As is usually the case, I take a deep dive into the project. I look at its tech, background, founders, tokenomics and much more. I also explore some of the controversy around the project and whether it is justified.
All of this is to help address the question of whether it is nothing more than a joke meme token, or something more.
I tried to be as impartial as I can - so I hope you guys get value from the vid.