Name: Shiba Token
Initial release: August 2020
Country of registration: USA
Supply limit: 1 quadrillion
Shiba Token or Shiba Inu coin (SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person known as “Ryoshi”. It is defined by its unique value proposition and strong community support. Recently launched on the market after a planned ICO.
$SHIB is a Shiba Inu-themed cryptocurrency experiment in decentralized community building and is inspired to be similar to Dogecoin.
Shiba Inu crypto coin launched in August of 2020 but that’s only recently enjoyed enormous growth. This is partly thanks to the fluctuations in Dogecoin, especially following Elon Musk’s appearance on Saturday Night Live, which had been preceded by a hype train of epic proportions.
For a while, it looked like Shiba Inu coin was too late to launch and would never become a success. But the cryptocurrency has recently been enjoying enormous growth.
Shiba Inu (SHIB) claims to be a revolutionary new cryptocurrency that will work towards the betterment of the global economy. SHIB is in its early stages of development. The community and staff work say they are working hard to create a fair environment for traders, investors, miners, and the technology.
It has a market capitalization of over $7 billion and is less than two-hundred-thousandths of a cent, allowing users to hold billions or even trillions with nearly 400 trillion currently in circulation
Shiba Inu Coin is an ERC20 token built on the Ethereum blockchain. It allows users to interact and transact with each other through smart contract technology.
The currency has a “woofpaper” (a technical document or “white paper” in English, but with a Shiba Inu theme), and the founders claim that there will be three distinctive tokens in the decentralized ShibaSwap exchange: $SHIB for Shiba Inu currencies, $LEASH for Leash Dogecoin Killer, and $BONE for Bone.
To put it another way, Shiba aspires to be more than just a meme-based currency.
There is hope that certain decisions taken by Shiba Inu’s creators might help it become a usable currency. One of the things they did was giving away half of the coins available, which they describe as “burning”.
This is a different approach to burning coins. In traditional cryptocurrency burns, the coins are either unavailable or removed permanently from circulation. In the case of Shiba Inu the creators decided to take 50% of coins from circulation and give them to Vitalik Buterin.
Buterin — who is the co-founder of cryptocurrency platform Ethereum — donated 500 ETH, worth around $2 million, and over 50 billion of lesser-known meme currency Shiba Inu (SHIB) worth over $1 billion to the India Covid-Crypto Relief Fund.
The Shiba Inu, commonly referred to as simply the Shiba, is an ancient breed of dog that originated in Japan. The breed is known for its fiery personality and independent streak.
The shiba Inu is a breed of dog that is the product of spitz genetic type dogs brought to Japan. According to history, his spitz genetic type dogs were most likely used for hunting small game in the mountainous regions of Japan. The web says “The Shiba Inu will come when he feels like it”. It also says it can be somewhat challenging to train this canine but “Freethinking” may be a more appropriate term to describe this aloof dog.
Shiba Inu coin is a new cryptocurrency that is being added to Binance and Crypto.com. Also, investors can use Ethereum to buy in on Shiba Token or utilize a swap provided by Uniswap.