What is Shiba Inu (Shib)?

The Shiba Inu token is a doggy-themed cryptocurrency that everyone is barking about. Here’s what you need to know about SHIB. Shibu Inu coin isn’t new, and saw its first surge alongside dogecoin (DOGE) in 2021 as the Wallstreetbets subreddit breathed new life into meme coins, especially ones with dogs as icons.

What is shibaswap (Shib)?

What is ShibaSwap? ShibaSwap is a decentralized exchange – a type of peer-to-peer trading platform similar to Uniswap that allows users to trade SHIB and other cryptocurrencies without an intermediary company. It also features the “Shiboshis” non-fungible token (NFT) marketplace.

How many Shiba Inu tokens are there?

There were initially a quadrillion (a thousand trillion) tokens, but today’s circulating supply is just over half that number, at 549,095,509,738,353 SHIB. Shiba Inu takes its name from one of Japan’s six native dog breeds. Shibas are regarded as intelligent dogs with fiery personalities and cat-like agility.

Is Buterin behind Shiba Inu?

In fact, for a while it was thought that Buterin, the founder of Ethereum, was behind Shiba Inu, a rumour he officially denied in 2021. SHIB is an ERC20 token and 40% of its total supply has already been burned to promote the token’s success and stability.