Shiba Inu (SHIB) is a cryptocurrency that emerged in August 2020.
Here is an A to Z overview of Shiba Inu (SHIB): Last part
N - NFTs
Shiba Inu has ventured into non-fungible tokens (NFTs) with "Shiboshis," a collection of 10,000 unique NFTs.
O - Open-source
Shiba Inu, like many crypto currencies, is based on open-source technology, promoting transparency and community involvement.
P - Purpose
Originally launched as an experiment in decentralized community building, Shiba Inu aims to create a fully decentralized ecosystem.
Q - Quadrillion
The initial total supply of SHIB was 1 quadrillion tokens, a figure highlighting the token's high supply and low price per unit.
R - Roadmap
The Shiba Inu team has outlined a roadmap for future developments, including ShibaSwap enhancements, more utility for LEASH and BONE and further community-driven projects.
S - Shibarium
Shibarium is an upcoming Layer 2 solution for the Shiba Inu ecosystem, aimed at reducing transaction fees and improving scalability.
T - Tokenomics
Shiba Inu's tokenomics involve a deflationary model where tokens are burned periodically, reducing supply.
U - Utility
SHIB's utility includes being used for transactions within the ShibaSwap DEX, staking, and liquidity provision.
V - Vitalik Buterin
Ethereum co-founder Vitalik Buterin was gifted half of SHIB's supply, which he largely burned or donated, a significant event in SHIB's history.
W - Wallets
SHIB can be stored in any Ethereum-compatible wallet, including popular options like MetaMask and Trust Wallet.
X - Exchange Listings
Shiba Inu is listed on numerous exchanges, including Binance, Coinbase, and Kraken, contributing to its liquidity and accessibility.
Y - Yield Farming
Users can participate in yield farming on ShibaSwap, earning rewards for providing liquidity.
Z - Zero
The price of SHIB started at nearly zero, reflecting its high supply and low unit price, making it attractive to many small investors.
Shiba Inu has evolved from a meme coin to a more complex ecosystem with various components and active community engagement.
