Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. During the initial launch, 50% of the supply was allocated into Vitalik Buterin’s ethereum wallet.
As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.
What is the Shiba Inu community working on right now? The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO.
The current price of Shiba Inu is $0.00001268 a INCREASE of 1.98% from yesterday’s price.
In October 2021 the price of Shiba Inu reached an all-time high of $0.00008616. Alternatively the coin traded at an all time low of $0 in November 2020.
None of the information you read on Digital Farmland should be taken as investment advice. Our content, writers, and journalists’ opinions are solely their own. Cryptocurrency is highly volatile, full of scams, and risky.
We do our best to bring to light potential scams and gauge the risk of digital asset investments. But we too have been scammed and part of rug pulls. Even projects with great intentions and transparency fail due to third-party scammers or regulatory pressures. Even with all the scams and risks we still very much believe in the future of this new digital world. Please be careful and do your own research!