Top 10 Lesser-Known Facts About Shiba Inu (SHIB)

Source photo a gold coin with a picture of a dog on it photo — Free Ethereum Image on Unsplash

Shiba Inu (SHIB) is a decentralized cryptocurrency that has gained significant attention and popularity since its inception in 2020. Inspired by the popular internet meme of the Shiba Inu dog breed, SHIB has been dubbed the “Dogecoin Killer” by its creators. While many are familiar with the coin’s meme-based origins, there are several lesser-known facts about Shiba Inu that make it a fascinating cryptocurrency. Here are the top 10 unknown things about Shiba Inu (SHIB).

1. Anonymous Creator: Similar to Bitcoin’s creator, Satoshi Nakamoto, the creator of Shiba Inu, known as “Ryoshi,” has chosen to remain anonymous. Ryoshi’s decision was intentional to keep the project decentralized and free from a single controlling figure.
2. Tokenomics: Shiba Inu’s total supply was initially set at 1 quadrillion tokens. However, the creator, Ryoshi, sent 50% of the total supply to Ethereum co-founder Vitalik Buterin as a gesture of trust. Buterin later burned (permanently removed from circulation) 90% of his SHIB tokens and donated the remaining 10% to charity.
3. ShibaSwap: Shiba Inu has its own decentralized exchange platform called ShibaSwap, where users can swap various tokens, stake their tokens to earn rewards, and provide liquidity to the platform. ShibaSwap aims to empower the community and create a decentralized financial…