Overview
Shiba Inu (SHIB) is a memecoin and Ethereum-based cryptocurrency launched in 2020 as a community-driven project by the pseudonymous creator "Ryoshi." Featuring a Shiba Inu dog as its mascot, SHIB has a circulating supply of one quadrillion tokens. The ecosystem includes:
- SHIB: Native token.
- LEASH: Native currency of ShibaSwap (decentralized exchange).
- BONE: Governance token.
The project also encompasses NFTs, an upcoming Metaverse, play-to-earn games, and the DoggyDAO.
Shiba Inu Price Converter
(Use real-time tools to convert SHIB to USD or other currencies.)
Key Features of Shiba Inu
- Decentralized Exchange (ShibaSwap): Enables token swaps, liquidity provision, and staking.
- NFTs: 10,000 unique Shiboshi NFT collectibles.
- DoggyDAO: Community-led governance for protocol changes.
Historical Price Performance
- May 2021: Surged 1,953% to $0.00003532, followed by a correction.
- October 2021: Peaked at $0.000089 (all-time high).
- Market Influences: Elon Musk’s endorsements and adoption trends.
Supported Platforms
SHIB is tradable on major exchanges like Binance, Coinbase, and Kraken.
FAQs
1. What is Shiba Inu’s total supply?
Initially 1 quadrillion tokens, but 50% were burned by Vitalik Buterin in 2021, reducing circulating supply.
2. How does ShibaSwap work?
Users can:
- Dig: Provide liquidity.
- Woof: Withdraw tokens and claim BONE rewards.
- Bury: Stake tokens for BONE rewards.
3. Is SHIB inflationary?
No burning mechanism exists, but community initiatives may impact supply.
Conclusion
SHIB combines meme culture with utility through its ecosystem. While highly volatile, its community-driven projects and expanding use cases make it a notable crypto asset.