What is SHIB in Binance?

Shiba Inu (SHIB) is a decentralized cryptocurrency created in 2020 by an anonymous person under the pseudonym Ryoshi . The SHIB token is an Ethereum-based ERC-20 token that was created as a direct competitor to Dogecoin. The token does not support smart contracts and is not backed by any asset.

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What is the supply of SHIB?

The Shiba Inu Ecosystem 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.

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How much SHIB is there?

There’s currently a supply of 549 trillion SHIB tokens in circulation, giving it a market cap of around $11 billion. If those tokens were worth $1 each, SHIB’s market cap would be $549 trillion, roughly 200 times bigger than Apple, the world’s most valuable company, and more than six times the world’s annual GDP.

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