What is SHIBA INU (SHIB)

Learned by 14.1k usersPublished on 2024.03.29Last updated on 2025.06.04

0.0000062

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  • 最新价格0.0000062
  • 交易额(24h)117.22K
  • 历史最高0.000086
  • 发行总量589.50T
  • 总市值3.65B
  • 排名38
  • 流通市值3.65B
  • 历史最低0.000000000056
  • 流通总量589.24T

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1. Project Introduction

1. What Is Shiba Inu?
Shiba Inu is a dog-themed meme cryptocurrency named after the Japanese Shiba Inu breed. It was created in 2020 by an anonymous developer known as Ryoshi to replace Dogecoin (DOGE) on the Ethereum blockchain. It aims to become a truly decentralized cryptocurrency backed by its community. The Shiba Inu ecosystem currently has three tokens: SHIB, BONE, and LEASH.

2. How Does Shiba Inu Work?
Shiba Inu's ecosystem products include Shibarium, a Layer 2 blockchain solution, Shib The Metaverse, a metaverse project, and Shibaswap, a decentralized exchange.
Shibarium: Shibarium is a cost-effective Layer 2 scaling solution to Ethereum's blockchain.
ShibaSwap: Launched on Shibarium and Puppynet, the goal of ShibaSwap is to provide a safe place for the community to trade tokens on a decentralized exchange, while offering special incentives and rewards to those who contribute to the ecosystem, such as liquidity providers.

3. Who Founded Shiba Inu?
Ryoshi: Primary developer, anonymous.
Shytoshi Kusama: Lead developer.
Funding: In April 2024, the Shiba Inu team raised $12 million by selling its unreleased token, TREAT, to non-US venture capitalists, with participation from Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital, and Comma 3 Ventures.

4. Shiba Inu Tokenomics
SHIB has a total supply of 1 quadrillion tokens. Upon its launch, Ryoshi locked 50% of the supply in Uniswap to create liquidity and sent the remaining 500 trillion SHIB tokens to Ethereum co-founder Vitalik Buterin.

5. Timeline of Key Milestones
In August 2020, the $SHIB token was officially launched, created by an anonymous developer named “Ryoshi”.
In April 2024, Shiba Inu secured $12 million in funding.​

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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How to Buy SHIB

Welcome to HTX.com! We've made purchasing SHIBA INU (SHIB) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy SHIBA INU (SHIB) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your SHIBA INU (SHIB)After purchasing your SHIBA INU (SHIB), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade SHIBA INU (SHIB)Easily trade SHIBA INU (SHIB) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

8.6k Total ViewsPublished 2024.03.29Updated 2025.06.04

How to Buy SHIB

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