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#Shiba Inu (SHIB) is a popular meme coin inspired by the Shiba Inu dog, created in August 2020 by an anonymous developer named "Ryoshi." Built on the Ethereum blockchain, it’s often called the "Dogecoin killer" and has a massive global community called the SHIB Army. Here’s everything about SHIB in simple words:
What is SHIB Used For?
Trading: Buy, sell, or trade SHIB on exchanges like Binance for speculative gains.
Payments: Some merchants accept SHIB for goods or services.
DeFi & NFTs: Use SHIB in decentralized finance (DeFi) platforms or for NFT purchases on ShibaSwap, its own decentralized exchange.
Community Rewards: Stake SHIB to earn rewards like BONE or LEASH in the Shiba Inu ecosystem.
Key Features:
Ethereum-Based: Runs on Ethereum, ensuring security and compatibility with dApps.
ShibaSwap: A decentralized exchange where you can trade, stake, or swap SHIB and other tokens.
Ecosystem Tokens: SHIB works alongside BONE (governance token) and LEASH (a rarer token) in its ecosystem.
Community-Driven: The SHIB Army drives adoption through social media and initiatives like NFT projects.
Token Details:
Total Supply: 1 quadrillion SHIB (1,000,000,000,000,000). Half was burned (sent to a dead wallet) or donated, notably to Vitalik Buterin.
Circulating Supply: ~589 trillion (as of 2025).
Market Cap: ~$11-12 billion, ranking it ~#13 globally.
Price: ~$0.000020-$0.000022 (check Binance for live prices).
Fun Facts:
Vitalik Buterin burned 90% of the SHIB he received, donating the rest to charity, boosting SHIB’s fame.
SHIB has its own NFT collection, Shiboshis, and plans for a metaverse called Shibverse.
Shiba Inu is more than a meme coin—it’s a vibrant ecosystem with big dreams of DeFi, NFTs, and Web3. Join the SHIB Army and howl to the moon!