#shiba

The **Shiba Inu (SHIB)** coin is a popular cryptocurrency based on the Ethereum blockchain. Here’s a quick summary about it:

### **Key Information about SHIB:**

1. **Origin:**

- Launched in **August 2020** by an unknown person/team under the name "Ryoshi", inspired by the **Dogecoin (DOGE)**.

- The name "Shiba Inu" is derived from the **Japanese Shiba Inu** dog breed, which also appeared in internet memes.

2. **Objective:**

- Started as a speculative and meme-based coin (Meme Coin), but the team developed it into an ecosystem that includes:

- **Decentralized Exchange (ShibaSwap).**

- **NFTs and Blockchain Games.**

- Projects like **Layer 2 (Shibarium)** to reduce transaction costs.

3. **Circulating Supply:**

- Total Supply: **1 quadrillion (1,000,000,000,000,000 SHIB)**.

- A large portion of the supply was burned (such as the burning of **40%** by Ethereum founder **Vitalik Buterin**, who donated the remainder to charities).

4. **Uses:**

- Can be used for payments, trading, or investment.

- Part of the **Shiba Ecosystem** (like **BONE and LEASH**, other coins associated with it).

5. **Price and Performance:**

- Experienced a massive surge in **2021** (like +46,000,000% in one year!).

- One of the most famous cryptocurrencies in terms of market capitalization (usually ranks between positions 10-20).

6. **Features:**

- A strong community ("Shiba Army") supports it.

- Ambitious development plans (like Shibarium). #BinanceSafetyInsights #SECGuidance #BTCRebound #VoteToListOnBinance