$SHIB (Shiba Inu) is a cryptocurrency based on the Ethereum blockchain and is classified as a meme coin, similar to Dogecoin (DOGE). $SHIB is one of the most popular cryptocurrencies in the crypto market, gaining significant popularity due to its active community and unique marketing strategies.
### 🔹 **Basic information about SHIB:**
- **Full name:** Shiba Inu
- **Symbol:** $ SHIB
- **Release Date:** August 2020
- **Developers:** An anonymous team under the name "Ryoshi" (inspired by Bitcoin founder Satoshi Nakamoto).
- **Blockchain:** It operates on the **Ethereum** network (ERC-20).
- **Goal:** Initially it was a "meme coin", but the team developed projects like **ShibaSwap** (a decentralized exchange platform) and aims to create a complete ecosystem.
### 🔹 **Token Supply:**
- **Maximum issuance:** 1 quadrillion (1,000,000,000,000,000 SHIB).
- **A large portion of it was burned:** **Vitalik Buterin** (Ethereum founder) burned 40% of the total supply in 2021 as a justification for transparency.
- **Liquidity is locked in Uniswap:** to avoid market manipulation.
### 🔹 **Uses of $SHIB:**
1. **Payments:** It can be used as a payment method in some stores and platforms.
2. **Trading:** It is traded on popular crypto exchanges such as **Binance, Coinbase, Kraken**.
3. **ShibaSwap Project:** A platform for exchanging digital currencies, providing liquidity, and earning returns.
4. **Burning:** Some transactions burn a portion of SHIB to reduce supply and increase scarcity.
##**SHIB Features:**
-@ **Strong Community (SHIBArmy):** It has a huge fan base on social media.
- #**Low unit price:** Attracts small investors.
- @**High growth potential:** Due to popularity and development of related projects.
### 🔹 **Risks of investing in $SHIB:**
- *#*Extreme price volatility:** Like most cryptocurrencies, it may experience extreme fluctuations.
- *@*Its reliance on the "meme":** It may be influenced by social trends more than technical fundamentals.
- *#*Intense competition:** Especially with the presence of currencies like DOGE and BABYDOGE.
## 🔹 **The Future of $SHIB:**
- @The team is working on projects like **Shibarium** (a sublayer on Ethereum to reduce transaction fees).
-@ It may become part of a larger payment system if reliance on it increases.