SHIB
| Token name | Shiba Inu |
| Ticker | SHIB |
| Website | Shiba Inu |
| Whitepaper | Shiba Inu Whitepaper |
| Network | Ethereum |
| Summary of Token | Shiba Inu is a decentralized cryptocurrency inspired by the "Doge" meme. It was created in August 2020 as an alternative version of Dogecoin, but with some important differences. |
| Overview of Token | The Shiba Inu token is built on the Ethereum blockchain and it uses the same ERC-20 standard that many other tokens on Ethereum use. Shiba Inu is also commonly known as SHIB and it has been listed on several cryptocurrency exchanges for trading. The price of SHIB has been highly volatile and has experienced significant highs and lows since its creation.
SHIB, sometimes referred to as the "Dogecoin Killer", is the 13th largest cryptocurrency by market capitalization, while DOGE ranks 9th. Currently, SHIB's marketcap is over $7 billion with more than $1 billion daily turnover, indicating high volatility as estimates indicate that holders spend on average less than two weeks with tokens in their wallets before selling them. |
| Audit | Certik |
| Advisors & Partners | Marcie Jastrow ( Metaverse Team ), David Kern ( Metaverse Team ), Sherri Cuono ( Metaverse Team ), Brandie Konopasek ( Metaverse Team ), John Richmond, NOWPayments, Welly |
| Circulating Supply | 589,368,156,158,845 |
| Contract Address | 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce |
| Max Supply | 999,990,968,807,043 |
| Number of Holders | 1,283,264* |
| Blockchain | ETH |
| Year in-corporated | 2020 |
| Governance Token | $SHIB |
| Fun Facts | In May 2021, it was reported that the team behind the Shiba Inu cryptocurrency sent 50 billion tokens to Ethereum co-founder, Vitalik Buterin, as part of a token distribution scheme called the "Shiba Inu Wealth Distribution" (SWD). |
| Where to Buy & Sell | Trade SHIB on CoinsPro or Coins.ph, a BSP-regulated licensed crypto wallet in The Philippines |
| Token Use Cases | The Shiba Inu token is used for investment and payment purposes. It can be bought and sold on cryptocurrency exchanges such as Binance, Coins, and others. In addition, it can be used as a way to diversify an investment portfolio.
Finally, the Shiba Inu token is also used as a donation mechanism for charity campaigns and other charitable initiatives. The Shiba Inu community has been active in raising funds for causes such as aid to victims of natural disasters and donations to charities. |
| *as of writing |
Disclaimer: The information and publications in this article are not intended to be and do not constitute financial advice, investment advice, trading advice, or any other advice or recommendation offered or endorsed by Coins.
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