WHAT IS( SHIB)
Shiba Inu Token (SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous individual or group using the pseudonym rayoshi. It is inspired by the Japanese dog breed Shiba Inu, which also serves as the mascot for Dogecoin, another cryptocurrency with meme origins. Some classify Shiba Inu as a "meme coin" regarding the coin's concentration and frenzied buying by retail investors driven by fear of missing out (FOMO) with a single "whale" wallet controlling billions of dollars worth of tokens. Concern has been expressed. Shiba Inu was introduced with a branding that positioned it as a potential 'Dogecoin competitor'.
Price and Market Performance:
In October 2021, the cryptocurrency saw a significant increase in its market value, reportedly increasing by 240% within a week. However, in early November, it faced a decline, but still the Shiba inu (SHIB) team is trying.
As seen now the price of Shib Inu
$0.00001890 is trending and is being seen. Initially, when it was listed in brokerage like Binane, the price of Shiba Inu had reached $0.00008854
Buy & Sell
• How can I buy and store Shiba Inu (SHIB) safely?
• What are the main differences between Shiba Inu (SHIB) and Dogecoin (DOGE)?
• How does ShibaSwap work for staking SHIB tokens?
Supply (SHIB): The initial total supply of sHIB inu was 1 billion, but about 50% was sent to Ethereum co-founder Vitalik Buterin, who burned most of it
Community Focus: SHIB is a community-driven project, and its success is largely due to its large fan base, sometimes referred to as the "Shib Army".
Initial supply and total supply:
Initial total supply: 1 quadrillion SHIB tokens (1,000,000,000,000,000).
Distribution Model: At launch, the founder, Ryoshi, allocated SHIB INU kul in 2 ways:
50% sent to Vitalik Buterin: Half of the total SHIB supply was sent to Ethereum co-founder Vitalik Buterin's wallet as a sign of removing it from circulation, creating a shortage.
50% was locked in Uniswap: the other half was locked in Uniswap, a decentralized exchange for liquidity, allo
