A SHIBA INU PRICE INCREASE BY OVERNIGHT IS FINALLY ON ROBINHOOD

Robinhood is a website that lets you buy and trade stocks. It is free to use and uses modern technology to decrease fees. Recently it has been under fire for a price increase on the Shiba Inu dog breed.

This article will explore Robinhood’s decision to raise the price of Shibas overnight without warning their customers, the impacts this had on Shibas both in the US and Japan, as well as what customers should expect going forward in terms of how they could affect their portfolio equity.

Shiba Inu coin price prediction: Why the crypto’s value is rising

There are many reasons for the increase in its value, but at the core of it all is that Bitcoin has demonstrated an ability to be a store of value. Its decentralized nature and strong security allow people to feel safe investing their money in it. It also offers a way to make transactions across borders without having to go through banks and third parties, as well as being accessible while remaining easy to use. Its ability to store value and its network of miners have made it a digital alternative to gold, which has also seen an increase in demand.

While Bitcoin is turning into a tool for making transactions and storing value, the Shiba Inu coin is turned into a digital currency used within the platform itself. The “Shiba” in the coin’s name comes from the Japanese dog breed that was popular in Japan at one point, so it is fitting that the crypto would have this feature, as well.

What are Shiba Inu coins?

The Shiba Inu coin (SETI) acts as a token within SetiCore’s platform and as an underlying token for its future services. It is used as a medium of exchange within the platform to purchase mining equipment, miner farms, and other services. Additionally, the token is used to reward miners, who receive part of their income in SETI coins for providing electricity for mining.

Investing in Shiba Inu coins

There are two ways that people can invest in the Shiba Inu coin: through mining or purchasing them in exchange. The mining services are provided by a company called ZERO1, as it is one of the first to offer services to mine cryptocurrencies using renewable energy sources. Those who purchase SETI coins on an exchange can do so at a price from around $0.20-0.35, with half being sold each month and the remaining half being sold at the end of every quarter, based on a team vote.

There is no “pre-mine” of SETI coins. The founders of the project have set a standard for themselves that they are going to make every penny they earn from the project be put back into it. How much they put in will depend on what needs to be done, including the future costs and expenses that are involved in running a company and an energy-transition model.

There is also the ability to exchange SETI coins for Bitcoin, which is another way to profit from them. Aside from mining services, users will also be able to purchase mining equipment through the platform using SETI coins, as well as provide storage space for miner farms and data centers belonging to partners and clients within the ecosystem.

What does the future of Shiba Inu coins look like?

One of the first steps is to get a mining farm up and running using the SETI coins, and that is scheduled to be done in Q1-Q2 2018. This mining farm will include one GPU and one ASIC miner, each on its own power source, which will allow them to accept donations from users to help lower their electricity bills. The idea is to make it as easy as possible for people to support renewable energy sources.