Let's Talk About Shiba Inu Coin $SHIB
In August 2020, a mysterious figure named Ryoshi created it. The inspiration came from the adorable Shiba Inu and memes found online. It first appeared on the Ethereum blockchain.
The Token Story
A total of 1 quadrillion (1 followed by 12 zeros) SHIB was issued. Currently, about 550 trillion SHIB is in circulation. Initially, 50% of the tokens were burned.
Highlights
Decentralized, relying on the community to work together. Transaction fees are very cheap. Transactions are quick, completed in 10 to 15 seconds. It can interact with Ethereum's DeFi system.
Ecosystem Overview
ShibaSwap: SHIB's own decentralized exchange. Shibarium: a layer 2 solution that accelerates SHIB. SHIB version NFTs, unique and one-of-a-kind. Many gaming platforms have partnered with it.
Community Spirit
Shiba Army, this community is active and growing. They even donate to charity, such as a $1 million donation for COVID-19 relief in India. The community makes the decisions, and everyone governs together.
Price and Market Dynamics
You can buy it on major exchanges like Binance and Coinbase. The market cap has exceeded $6 billion. The price follows market trends and community sentiment.
A Fun Fact
When Elon Musk tweets about Shiba Inu, the SHIB price can be affected. The logo of SHIB features a real Shiba Inu named Kabosu. SHIB is also known as the “Dogecoin Killer.”
Future Plans
The Shibarium mainnet is about to launch. ShibaSwap functionalities will be upgraded. There will be expansions in gaming and NFT integration. More and more places will start using SHIB.
Want to learn more about SHIB and its ecosystem?
If you keep missing the point when making contracts, feeling confused about how to operate, and want to keep up with learning, there’s one condition to meet: you need to be proactive, ready to take action. Like and comment, and I’ll help you make big money!
