History
1. Launched in August 2020 by an anonymous developer known as Ryoshi.
2. Inspired by the Shiba Inu dog breed and meme culture.
3. Built on the Ethereum blockchain.
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Tokenomics
1. Total Supply: 1 quadrillion SHIB (1,000,000,000,000,000).
2. Circulating Supply: Roughly 550 trillion SHIB.
3. Half of the token supply was burned at launch to enhance scarcity.
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Features
1. A decentralized, community-driven cryptocurrency.
2. Low transaction fees and fast processing times (approximately 10–15 seconds).
3. Seamless integration with Ethereum’s DeFi ecosystem.
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Ecosystem
1. ShibaSwap: A decentralized exchange (DEX) tailored for SHIB transactions.
2. Shibarium: A Layer-2 scaling solution to enhance speed and reduce costs.
3. SHIB-based NFTs, enabling digital collectibles and art.
4. Partnerships with gaming platforms to expand use cases.
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Community
1. Supported by a passionate and active group known as the Shiba Army.
2. Involved in charitable initiatives, such as donating $1 million to India’s COVID-Crypto Relief Fund.
3. Operates with community-driven governance.
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Market and Price
1. Listed on major exchanges, including Binance and Coinbase.
2. Market capitalization exceeds $6 billion.
3. Price is heavily influenced by market trends and community sentiment.
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Interesting Tidbits
1. Elon Musk’s Shiba Inu-themed tweets have historically impacted SHIB’s value.
2. The SHIB logo is based on a real Shiba Inu dog named Kabosu.
3. Often referred to as the “Dogecoin killer” due to its meme origins and growing adoption.
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Roadmap and Future Goals
1. Launching the Shibarium mainnet for improved scalability.
2. Enhancing ShibaSwap’s features for better functionality.
3. Expanding SHIB’s presence in gaming and NFT spaces.
4. Increasing adoption and real-world use cases.
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