In 2020, Buterin transferred more than 50 trillion Shiba Inu tokens to the India COVID-Crypto Relief fund. Everyone should buy coins on the open market, ensuring a fair and complete distribution, in which developers do not own the tokens and cannot dump them into the community. Shiba Inu was the first project to follow this path.

The creators of the project had the following explanation: In total, Buterin destroyed 410 trillion tokens worth $6.5 billion. He burned 90% of the SHIB tokens by sending them to a non-existent address. The other half of the coins was transferred to the founder of Ethereum, Vitalik Buterin. Before launch, developers transferred half of the digital coins to the Uniswap DEX and destroyed the keys. SHIB was released on the Ethereum blockchain as an ERC-20 token with a total supply of one quadrillion coins. The project does parody Dogecoin with its use of Shiba Inu puppy, but SHIBвЂ™s developers are aiming to solve serious, real-life problems. In reality, however, they have nothing in common besides both being meme coins and an occasional endorsement from Elon Musk. Ever since the Shiba Inu coin hit the cryptocurrency market, it has been compared to the DOGE coin. This decentralized meme token was created in August 2020 by Ryoshi - an anonymous person or a group of people. Shiba Inu (SHIB) is a token inside the Shiba Inu ecosystem. SHIBUSD Rates by TradingView What Is the Shiba Inu Coin?

Will Shiba Inu Coin Price Reach 1 Dollar?.

December 2022: Shiba Inu Price Forecast.

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