What is SHIB

Learned by 3.7k usersPublished on 2024.03.29Last updated on 2025.05.16

0

+1.26%

  • Last Price0
  • Turnover (24h)7.81M
  • All-Time High0
  • Total Supply589.5T
  • Fully Diluted Market Cap7.55B
  • Ranking22
  • Market Cap7.55B
  • All-Time Low0
  • Circulating Supply589.24T

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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1. Project Introduction

Shiba Inu is a meme cryptocurrency themed around the Shiba Inu dog breed. Created in 2020 by an anonymous developer known as Ryoshi, it aims to be a decentralized community-driven alternative to Dogecoin (DOGE) on the Ethereum blockchain. The Shiba Inu ecosystem includes three tokens: SHIB, BONE, and LEASH. Key products include the Layer 2 blockchain solution Shibarium, the metaverse project Shib The Metaverse, and the decentralized exchange ShibaSwap. Shibarium operates on Ethereum as a scaling solution, offering faster and cheaper transactions while reducing the ecosystem’s reliance on the Ethereum network.

2. Team & Investment Info

Ryoshi: Founder (Anonymous)
Funding:
In April 2024, the Shiba Inu team raised $12 million by selling its unreleased TREAT tokens to non-U.S. venture investors.
The round was backed by Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital, and Comma 3 Ventures.

3. Social Media URLs

X: https://x.com/Shibtoken
Telegram: https://t.me/ShibaInu_Dogecoinkiller
Discord: https://discord.com/invite/shibatoken

4. Token Info

Token Symbol: SHIB
Total Supply: 589,518,339,855,377
Token Type: ERC-20
Issuance/Burn Mechanism: No token minting; SHIB has a burn mechanism.
Contract Address: https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce
Token Distribution:
Initial Supply: 1 quadrillion SHIB
Liquidity Provision: 50% locked in Uniswap by Ryoshi
Vitalik Buterin’s Wallet: 50% of the supply was sent to Ethereum co-founder Vitalik Buterin’s wallet, with over 410 trillion SHIB (41% of the initial supply) burned to date.

5. Related Links

Official Website: https://shibatoken.com/
White Paper: file:///C:/Users/weijing/Downloads/SHIBA_INU_WOOF_WOOF%20(1).pdf
Other Info: https://www.rootdata.com/Projects/detail/Shiba%20Inu?k=NjIw

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What is SHIB

3.8k Total ViewsPublished 2024.03.29Updated 2025.05.16

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