Shiba Inu (SHIB) is often considered a meme coin that operates on the Ethereum blockchain. It was created in August 2020 by an anonymous person or group known as "Ryoshi." SHIB is named after the Shiba Inu dog breed from Japan, which is also the mascot of the popular cryptocurrency, Dogecoin.
SHIB is part of a larger ecosystem known as ShibaSwap, which includes other tokens like LEASH and BONE. ShibaSwap is a decentralized exchange (DEX) where users can stake, farm, buy, and sell SHIB and other tokens.
To enhance the use case of SHIB tokens, the Shiba Inu official launched the Ethereum Layer 2 network, Shibarium, on August 17, 2023. It will focus on DeFi and gaming, and will use SHIB tokens as gas fees. However, the fact that it stopped producing blocks twice in less than 24 hours has raised doubts. On August 24, Shibarium resumed block production. If it can run smoothly for a long time this time, it will bring more users to the Shiba ecosystem.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Shiba Inu (SHIB) and review the project details below.
What is the allocation for Shiba Inu (SHIB)?
The initial distribution of Shiba Inu (SHIB) tokens is as follows:
- 50% was allocated to Uniswap Liquidity
- 50% was allocated to Vitalik Buterin
What is the supply schedule for Shiba Inu (SHIB)?
The SHIBA INU website states that they locked 50% of the total token supply on Uniswap, and claimed they "threw away the keys!" The other 50% was "burned" to Vitalik Buterin. In response, Vitalik Buterin sent 50 trillion SHIB tokens, valued at $1 billion at the time, to India's Covid Crypto Relief Fund. Vitalik Buterin then permanently removed 40% of the total supply to a dormant wallet. To view real-time updates on token information, you can visit https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce
Shiba Inu (SHIB) is often considered a meme coin that operates on the Ethereum blockchain. It was created in August 2020 by an anonymous person or group known as "Ryoshi." SHIB is named after the Shiba Inu dog breed from Japan, which is also the mascot of the popular cryptocurrency, Dogecoin.
SHIB is part of a larger ecosystem known as ShibaSwap, which includes other tokens like LEASH and BONE. ShibaSwap is a decentralized exchange (DEX) where users can stake, farm, buy, and sell SHIB and other tokens.
To enhance the use case of SHIB tokens, the Shiba Inu official launched the Ethereum Layer 2 network, Shibarium, on August 17, 2023. It will focus on DeFi and gaming, and will use SHIB tokens as gas fees. However, the fact that it stopped producing blocks twice in less than 24 hours has raised doubts. On August 24, Shibarium resumed block production. If it can run smoothly for a long time this time, it will bring more users to the Shiba ecosystem.
Above are only for introduction, not intended as investment advice.