SHIB Specifications

Type

TOKEN

Algorithm

Ethash

Protocol

PoW

Start Date

02/08/2020

Max Supply

Circ. Supply

589,368,031,582,838

Website

Explorer

Social Media

Info

Shiba Inu (SHIB) is a decentralized cryptocurrency often referred to as the 'Dogecoin killer.' Launched in 2020, SHIB is an ERC-20 token built on the Ethereum blockchain. Known for its strong community, SHIB supports token swaps, staking and decentralized applications, offering both functionality and fun. Its widespread adoption makes it a preferred token for use in exchanges and decentralized finance.

Market Impact

Shiba Inu has made a lasting impact on the cryptocurrency market by transitioning from a meme token into a functional digital asset. Its ability to facilitate decentralized swaps has attracted a diverse user base, driving liquidity and engagement. Additionally, SHIB's popularity on exchanges has contributed to its rapid adoption, making it a vital asset in both trading and decentralized finance.

History

SHIB was created by an anonymous developer known as Ryoshi, aiming to establish a community-centric cryptocurrency. It started as a meme-inspired token but quickly evolved into a versatile digital asset. Over time, SHIB became widely adopted for performing token swaps and was listed on major exchanges, further solidifying its role in the crypto ecosystem. The development of utility-driven projects has enhanced SHIB's reputation as more than just a meme token.

Features

Community-Led Development
SHIB thrives on the support of its global community, which drives innovation, adoption, and expansion within the ecosystem.
DeFi and Staking Support
SHIB allows users to stake tokens and participate in decentralized finance activities, such as swaps, adding functionality to its ecosystem.
Expanding Utility Ecosystem
SHIB's ecosystem is growing with new utility-driven projects, offering opportunities for users to exchange assets and interact with NFTs and decentralized applications.

Website

Explorer

Social Media

*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.