The post How many Shiba Inu coins are there? Current supply & future outlook appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) coin is a major contender for the meme coin throne, often referred to as as the ‘Dogecoin killer’ by its supporters. As the coin continues to grow, more people are interested in the tokenomics of this project and find themselves wondering how many Shiba Inu coins are in circulation. Understanding Shiba Inu coin (SHIB) Shiba Inu was created in August 2020 by pseudonymous developers. Unlike tokens that live on a dedicated network, (SHIB) is an ER-C20 token that exists on the Ethereum blockchain. As such, it has access to DeFi and related services, giving it an advantage over similar meme coins with less utility. This utility, coupled with an unusually high token supply, which we’ll discuss in the next section, has proven to be a distinguishing factor that has helped Shiba Inu stand out. The ecosystem now includes projects like ShibaSwap (a decentralized exchange), NFTs, and the play-to-earn game Shiba Eternity. With a dedicated community, the coin has exploded in popularity, becoming one of the top 20 cryptocurrencies by market cap now today. Total supply of Shiba Inu coins The Shiba Inu supply upon its 2020 launch was 1 quadrillion SHIB tokens, or one thousand trillion tokens. When SHIB was released, it had the largest token supply in the world. Unsurprisingly, the massive Shiba Inu circulating supply made news headlines and helped the project gain attention worldwide. Shiba Inu price page with TradingView chart widget | Source: crypto.news It’s worth noting that a large supply doesn’t necessarily impact the value or use case for the project, and many in the space viewed the supply as a gimmick. For new crypto users unfamiliar with tokenomics, it may have also seemed that SHIB tokens were ‘cheaper’ than other crypto tokens, and therefore more affordable. Of course, the price of…

---

Filed under: News - @ October 4, 2024 2:57 am