What is Shiba Inu (Shib)?

The Shiba Inu ecosystem consists of the following three tokens: Shiba Inu (SHIB): This is the project's foundational currency. Starting with a supply of 1 quadrillion (equal to 1,000 trillion), Ryoshi locked 50% in Uniswap (for liquidity purposes) and then sent the other 50% to Ethereum co-founder Vitalik Buterin for safekeeping.

What is Shib (Shib)?

According to 22-page-long SHIB's WoofPaper, SHIB is an ERC-20 token based on Ethereum, a proof-of-work blockchain currently transitioning to proof-of-stake.

What is Ryoshi's goal for Shiba Inu?

Ryoshi's goal for Shiba Inu has been to see if a perpetual decentralized organization could work with no central leadership. In a blog post, Royshi noted that the rift caused by Buterin's token donation made the community stronger and would enable it to distribute further and decentralize the movement.

How volatile is Shib (Shib) in 2021?

SHIB has been one of the most volatile crypto assets in 2021. It started around May 11, when SHIB price rose 1,953% to $0.00003532 from $0.00000172, although it plummeted quickly to $0.00000793 in the next three weeks. After months of sideways trading, SHIB rose sharply on Oct. 2, 2021, from $0.00000766 to $0.00002913 by Oct. 13.