The meme coin market saw exponential growth in 2021, and after a quiet 2022 we’ve seen the same trend in 2023, with many new digital tokens being launched left, right, and center. Some unfortunately have been scams or ‘rug pulls’.
Green Shiba Inu (GINUX) appears to be one such meme coin – the project stated its aim as making the world a greener place however has been in a bearish downtrend with low liquidity on PancakeSwap, and little delivery on its roadmap.
In this guide, we take a closer look at this meme project, how to buy Green Shiba Inu (which is not recommended) and a GINUX alternative.
How to Buy Green Shiba Inu – Quick Steps
Although there are dozens of crypto exchanges in the market, Green Shiba Inu is listed only very few exchanges. PancakeSwap is the main platform to buy Green Shiba Inu tokens:
- Step 1: Set up a Crypto Wallet – Download a crypto wallet that is compatible with the Binance Smart Chain (BSC). Wallets such as MetaMask and Trust Wallet can be used to store Green Shiba Inu. Visit the website of the chosen provider to download and set the wallet up.
- Step 2: Get BNB tokens – Since Green Shiba Inu is built on BSC, the best way to buy this coin is by exchanging BNB tokens. Investors can easily buy BNB tokens from a crypto broker and then move them to their chosen crypto wallet.
- Step 3: Connect Wallet to PancakeSwap – Now, investors can proceed to PancakeSwap to connect their wallet to the platform. After the wallet is linked, go to the ‘Swap’ section, and elect to exchange BNB for GINUX.
- Step 4: Buy Green Shiba Inu – Enter the number of BNB tokens to be swapped for Green Shiba Inu, and complete the transaction.
Crypto assets are highly volatile and unregulated in most EU countries, Australia, and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk. Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
PancakeSwap will then proceed to execute the trade and will add the Green Shiba Inu tokens to the investor’s wallet. While it is somewhat simple to buy Green Shiba Inu, investors should be aware of the fact that this is a low liquidity meme coin and may now be defunct – this project is high risk.
Therefore, investors should research the project in full before deciding whether or not to invest in Green Shiba Inu. At the time of writing CoinMarketCap has stopped tracking GINUX market data.
Where to Buy Green Shiba Inu Coin
When learning how to buy Green Shiba Inu, the first port of call is to choose a reliable cryptocurrency exchange that offers access to this token.
Among popular altcoin exchanges that list new meme coins, PancakeSwap is often the first DEX they appear on.
Below, we have included a detailed review of PancakeSwap, covering the features of this platform as well as the fees required to buy Green Shiba Inu.
PancakeSwap – Best Place to Buy Green Shiba Inu
Importantly, this platform does not require investors to create an account, provide any personal information or verify their identity. Instead, PancakeSwap permits investors to buy cryptocurrency assets like Green Shiba Inu anonymously. Investors only require a crypto wallet that is compatible with the Binance Smart Chain to make purchases on this platform.
Bear in mind that PancakeSwap does not allow users to buy digital tokens with fiat currencies. Instead, this platform only allows investors to swap one cryptocurrency for another.
Moreover, since PancakeSwap is built on the Binance Smart Chain, only BEP-20 tokens can be traded via this exchange. If investors want to exchange an ERC-20 token or a digital coin of another networking standard, they will first have to convert them to BEP-20 via a Binance Bridge.
PancakeSwap also offers highly competitive fees. Investors can buy Green Shiba Inu by paying just 0.25% as a trading commission The platform can also be used for crypto staking as well as for yield farming.
This way, investors can earn interest on their digital tokens and generate a passive income. In addition to this, PancakeSwap also has the reputation of being one of the best crypto lottery sites of 2024. It also conducts trading competitions regularly, offering participants rewards as high as $120,000.
The DEX also has an in-built decentralized NFT marketplace. Not only can crypto investors use PancakeSwap for accessing its services, but they can also buy its native digital token, CAKE. In doing so, investors will get a chance to profit from the growth of this decentralized exchange – which is becoming hugely popular across the world.
The DEX also has an in-built decentralized NFT marketplace. Not only can crypto investors use PancakeSwap for accessing its services, but they can also buy its native digital token, CAKE. In doing so, investors will get a chance to profit from the growth of this decentralized exchange – which is becoming hugely popular across the world.
What is Green Shiba Inu?
Green Shiba Inu (GINUX) claims to be a decentralized, fairly distributed, community-driven digital token that aims to help protect the environment. As is evident from the name, this cryptocurrency takes its inspiration from the success of Shiba Inu, one of the best meme coins on the market.
The main objective of this token is to raise awareness about sustainability within the crypto community. To achieve this mission, the project allegedly plans to support the most notable pro-environmental organizations, celebrities, and activists.
So far Green Shiba Inu has not had much success in the crypto market when it comes to bullish price action. As a result, when learning how to invest in Green Shiba Inu, investors should take a step back and investigate the prospects of the project before risking any money.
Bear in mind many scam coins claim to have some noble aim such as being eco friendly or helping charities in order to lure in investors. See our list of the top 10 eco friendly crypto projects which are more well-established than GINUX.
Is Green Shiba Inu a Good Investment?
As is the case with many markets and sectors, cryptocurrency is moving towards a greener trend and investors are increasingly looking for sustainable investment opportunities.
Green Shiba Inu advertises itself as a meme coin that presents investors with a chance to contribute to the environment and make a difference.
In the following sections we will take a closer look at what Green Shiba Inu actually brings to the crypto table.
Protecting the Environment
The most notable appeal of this token is its overarching goal – if true – to protect the environment. To do so, Green Shiba Inu aims to capitalize on the popularity of the meme coin trend and raise awareness within the crypto community.
However, let us be clear – Green Shiba Inu is not necessarily an eco-friendly cryptocurrency by any means.
In fact, it is built on the Binance Smart Chain and uses a proof-of-stake (PoS) ecosystem. While this is much more efficient than the proof-of-work mechanism used by Bitcoin, Green Shiba Inu is not different from any other digital token that relies on a PoS consensus.
So, how can it help protect the environment?
The project claims that it will donate 8% of its total GINUX supply to the most well-known environmental activists. Of this figure, 1% will be gifted to Greenpeace, while the same balance will also be offered to Elon Musk, Greta Thunberg, Joe Biden, Angela Merkel, Leonardo DiCaprio, Al Gore and Jane Goodall.
Moreover, there is no clear indication of whether the tokens have already been donated or what the funds will be used for. In other words, it is questionable how Green Shiba Inu will actually help make the crypto space greener.
Potential to Generate Passive Income
The GINUX protocol offers two ways for token holders to generate passive income.
- First, all GINUX transactions attract a fee, out of which 3% is redistributed to existing holders. This means that investors can earn income simply by holding GINUX tokens in their wallet.
- Second, the project has partnered with PancakeSwap to offer support for yield farming. Up to 50% of the total supply of GINUX tokens is set aside for this purpose.
However, the value of the passive income generated will ultimately depend on the price of the GINUX token in the market.
That is to say, if the price of GINUX tokens goes down after the investor makes a purchase, the aforementioned passive earning methods are still likely to yield a loss in real terms.
Automatic Burning
Green Shiba Inu has also adopted an automatic burning strategy to boost the future demand for the GINUX token. Up to 3% of every transaction is burnt, which reduces the total supply of the coin.
When considering that there were only one billion GINUX tokens created, over time this burning mechanism can lead to a shortage of Green Shiba Inu.
On top of this, the team will periodically burn GINUX tokens after the successful completion of certain roadmap targets. In theory, if there is a continued demand for GINUX tokens in the wider market, the reduced supply can help drive up its price.
Community-Driven
Like the majority of the crypto projects of today, Green Shiba Inu has also taken a community-driven approach. According to the platform, Green Shiba Inu is a non-profit organization fully governed by its community.
However, unlike other DeFi platforms, it isn’t clear whether holders of GINUX tokens will receive any voting rights at all. Rather, the platform encourages its community to share memes and promote the project to help protect the environment.
Once again, it isn’t clear how the project plans to leverage community support to help make the crypto industry free from carbon emissions.
Low Token Price
Some investors might be leaning towards Green Shiba Inu due to its low price. Based on the price of GINUX tokens at the time of writing, investors can buy thousands of Green Shiba Inu coins with an outlay of just $10.
And if the price of the token is to take off, investors stand the chance of reaping generous gains. After all, the project has an engaging social presence, with over 40k followers on Twitter.
And if we can be sure of anything, it is that widespread hype has the power to drive up the price of a cryptocurrency overnight.
Regardless, investors should do their due diligence to assess whether Green Shiba Inu is a worthwhile addition to their crypto portfolio.
Green Shiba Inu Price
Green Shiba Inu was first launched in May 2021, with GINU as its native token. Within a couple of months, the token was rebranded as GINUX – although the reasons behind this move aren’t clear.
Green Shiba Inu did not conduct an ICO, instead it was launched on the decentralized platform BakerySwap.
At the time of its launch in May 2021, the initial price of the GINUX token was set at $0.000012. By November 2021, the value of Green Shiba Inu rose to $0.000034 – translating to an increase of nearly 190%.
However, the value of Green Shiba Inu has since seen a decrease of 99%, and the price chart has been flat for over a year.
In May 2023, the GINUX price spiked over 700%, but that barely registers on the chart and may be a result of low liquidity. Some market commentators have speculated it may be an exit scam pump.
Green Shiba Inu Price Prediction
It is practically impossible to predict the future price of a cryptocurrency, let alone a meme token like Green Shiba Inu.
However, based on the performance history of this token over the past 18 months, it does not represent a notable coin to buy on the dip.
In fact, when considering the recent Green Shiba Inu price drop, it is best for investors to be extremely cautious before investing in this token.
In case investors are keen to buy Green Shiba Inu, they should do independent research and ensure that investment sums are kept to a minimum. The token claims to be making a comeback following the success of Pepe (PEPE), but that remains to be seen.
Green Shiba Inu Alternatives
It’s generally recommended to buy meme coins early on such as during their presale or prior to exchange listings. One such new meme token which is undergoing its presale is AiDoge (AI).
AiDoge is aiming to be the first ‘meme to earn’ project, an AI-based meme generation platform in which users can earn $AI token rewards for creating internet memes.
Having raised $6 million in seed round funding in just a few weeks, the presale at aidoge.com is showing a high level of interest from early investors.
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