Shiba Inu (SHIB) Price Today, IDO Price, Vesting, Supply Details

What is Shiba Inu

Shiba Inu (SHIB) is a cryptocurrency token that was created by an anonymous founder known as Ryoshi. It is often referred to as a "Dogecoin killer" as it was built to be similar to Dogecoin and is often compared to it. Shiba Inu is a decentralized and community-driven cryptocurrency that is an "experiment" developed within the Shiba Inu ecosystem.

Shiba Inu coin info

  • Shiba Inu (SHIB) launched with FCFS-based mechanism, no IPO price or vesting details
  • 50% coin burn, total supply now at 589,735,030,408,323 and circulating supply at 549,063
  • Founder claims no tokens were reserved for the team
  • Shiba Inu ecosystem includes a decentralized exchange, ShibaSwap
  • Several million coins are burned daily
  • Shiba Inu has various use cases such as Shibverse (a metaverse), payments in places like AMC, ShibaSwap-DEFI, Shiboshis, Shibarium
  • Shibarium is a layer 2 solution like Matic, which aims to improve transaction speeds and reduce gas costs on the Ethereum network
  • Daily coin burning is beneficial for long-term holders and makes Shiba Inu a good investment.

Our content is intended to be used as information and education purposes only. It is very essential to do your own research and analysis before doing any investment decision or otherwise. Do Your Own Research.

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