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Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as "Ryoshi".It is named after the Shiba Inu (??), a Japanese breed of dog originating in the Chubu region, the same breed that is depicted in Dogecoin's symbol, itself originally a satirical cryptocurrency based on the Doge meme. Shiba Inu has been characterized as a "meme coin" and a pump and dump scheme. There have also been concerns about the concentration of the coin with a single "whale" wallet controlling billions of dollars' worth of the token, and frenzied buying by retail investors motivated by fear of missing out (FOMO).
Shiba Inu was created in August 2020, dubbing itself the 'Dogecoin killer'. Shiba inu is an Ethereum-based ERC-20 token, which means it is created on and hosted by the Ethereum blockchain, rather than its own blockchain. Ryoshi decided to launch shiba inu on Ethereum because it’s “already secure and well-established,” according to the shiba inu white paper, or, as its community calls it, “woof paper.”
Shiba inu has a total supply of 1 quadrillion. Ryoshi claims they do not hold any shiba inu coins and nearly half of its supply is locked in a liquidity pool on decentralized exchange Uniswap. The rest was sent to Ethereum co-founder Vitalik Buterin. According to shiba inu’s white paper, Ryoshi sent tokens to Buterin with hopes that he’d keep the tokens. However, Buterin did not. He burned a majority, taking them out of circulation, and donated a significant amount to the India Covid Relief Fund and other charities.
Get unlimited SHIB to you Coinbase!
- telegram airdrop bot and complete social tasks.
- Claim every 24h.
- Share your referral link. There are two levels of referral program: Registration Bonus & Claiming Bonus. You can get SHIB tokens for each referral that join to the telegram bot and for each referral claims. Also, you can get rewards from up to 5 levels!
- You can withdraw your rewards at any time to your COINBASE wallet. For yet, there is no minimum to withdraw. Withdrawals are processed manually within 3 days.
