Shiba Inu


Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. During the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world. What is the Shiba Inu community working on right now? The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO.

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Bitcoin News / Bitcoinist - 1 year ago

Why Is Shiba Inu Price Down Today?

Shiba Inu is seeing some downside today that has sent its price below its support level. This downside has its roots in a number of things, with some attributing directly to the Bitcoin price. However, the outlook for the meme coin may not be complet...