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What is SHIBA INU (SHIB)?
SHIB —— A Decentralized Meme Token
- SHIB is an experiment in decentralized spontaneous community building.
- Nicknamed the DOGECOIN KILLER, SHIB token is the first token running 100% by community and allows users to hold Billions or even Trillions of them.
- In addition to the SHIB token, it also released two other tokens: LEASH and BONE.
- LEASH: Originally set as a rebase token linked to the price of Dogecoin. It has been completely released and will not be rebase. The total circulation is only 100,000 tokens, which has the opposite characteristics of Shib, which has a larger supply, and provides special rewards for those who provide liquidity.
- BONE: Shiba Inu Bone, the next token to be launched. BONE token distribution, economic model and incentive measures will be announced when ShibaSwap is announced.
SHIBA INU Key Metrics
| Recent Price | $0.00002782 |
|---|---|
Market Cap | $10,607,873,930.38 |
Circulating Supply | 394.796.000.000.000 SHIB |
Total Supply | 1.000.000.000.000.000 SHIB |
About SHIBA INU
SHIB is an experiment in decentralized spontaneous community building. SHIB token is the first token running 100% by community and allows users to hold Billions or even Trillions of them. Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking). Popular worldwide, and already up thousands of percent, Shiba token ($Shib) is the first cryptocurrency token to be listed and incentivized on ShibaSwap.
The 50% of the total supply to Uniswap was locked and threw away the keys!
The remaining 50% was burned to Vitalik Buterin, everyone has to buy on the open market, ensuring a fair and complete distribution where developers don't own team tokens they can dump on the community.
In addition to the SHIB token, it also released two other tokens: LEASH and BONE.
- LEASH: Originally set as a rebase token linked to the price of Dogecoin. It has been completely released and will not be rebase. The total circulation is only 100,000 tokens, which has the opposite characteristics of Shib, which has a larger supply, and provides special rewards for those who provide liquidity.
- BONE: Shiba Inu Bone, the next token to be launched. BONE token distribution, economic model and incentive measures will be announced when ShibaSwap is announced.
SHIBA INU Project Highlight
The innovation of SHIB is to complete a completely decentralized attempt to distribute tokens based on mechanisms such as PoS.
Most blockchain projects were based on the PoW mechanism in the early days. Just like Bitcoin, everyone can mine. This kind of token distribution is completely decentralized; but with the emergence of the PoS mechanism, the distribution of tokens of blockchain projects began to have a certain degree of centralization. For projects based on mechanisms such as PoS, tokens are generally reserved for the team and the foundation. The tokens reserved for the team are mainly used to encourage team development, and the tokens reserved for the foundation are mainly used for ecological construction. In practice, this two are almost the same, and the disadvantages of centralization are very serious.
This approach of the Shiba Inu community requires everyone to buy on the open market, so that developers cannot dump their team tokens in the community, thereby ensuring fairness and complete decentralization.
