What is SHIB?

_{Shiba Inu (SHIB) What is it?}

The Shiba Inu coin was created without disclosure in August 2020 under the pseudonym “Ryoshi”.
Meme coins add rapid growth and value as the investor community is interested in coins with headlines and tweets.
From individuals like Elon Musk and Vitalik Buterin Shiba Inu
Aiming to partner with Dogecoin to use the Srypt mining algorithm on Ethereum Shiba Inu and SHIB tokens.
Part of the cryptocurrency theme for Dogs

_{Founder/Date Founded:}

The mystery of the creator of Shiba Inu is still controversial. Exact information is that there is no Ryoshi, the creator's pseudonym, remains the most believed.
But who exactly Ryoshi is is unknown, despite speculation that Ryoshi may be an organization, not an individual.
Another interesting theory is that Ethereum founder Vitalik Buterin may be involved in Shiba Inu
This information comes from unconfirmed sources, but it is claimed that Buterin had attended the Ethereum DevCon conference 3 years ago.
This may be a discussion of Shiba Inu. However, these data do not yet have any corroborating evidence. Shiba Inu is therefore still a coin shrouded in mystery.

_{Objective/Use Case:}

Ryoshi, the creator of Shiba Inu, is committed to creating coins that are stable, decentralized and beyond the control of individuals or organizations.
Ryoshi demonstrates a commitment to decentralization. SHIB coins are not controlled by any individual or organization.
But spread out in the hands of investors around the world, transparency, the transfer of all coins to Uniswap.
Allows anyone to openly monitor transactions, stability
Private Key destruction prevents coins from being stolen or accessed without permission
Later, Vitalik Buterin donated $50 million to SHIB, or about $1 billion.
To help India in the face of the COVID-19 crisis
Buterin's actions further reinforce Ryoshi's goal of using SHIB to make a positive impact on society.

_{Total supply/Limit or Unlimited:}

The SHIB coin has a circulating supply of 589,379,498,307,804 SHIB out of a total of 999,991,235,837,101 SHIB.

_{Supply Deflation:}

As of May 2, 2022, SHIB has $589.346 trillion in coins in circulation.
That's down from $410.66 trillion (41%) in May 2021 and $72.66 trillion (11%) in October 2021.
Coin burning (Burn) is the main reason for the decrease in the number of SHIB coins.
Burning coins means sending coins to a wallet address that no one else can access.
This will cause the coin to disappear from the system. There are several ways to burn SHIB coins.
The most common method is to burn the coin voluntarily.
The SHIB community has already burned more than $410 trillion in coins.

_Referenzen:

‍Coinmarketcap

Shibatoken

Shiba whitepaper

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