What is SHIB

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