The Shiba Inu coin, often referred to as a “meme coin,” has gained immense popularity since its inception. It was created in August 2020, inspired by the Shiba Inu dog, the same breed that fueled the Dogecoin craze. As of 2023, the total supply of Shiba Inu coins stands at a staggering one quadrillion tokens.However,not all of these tokens are available in circulation. Meaningful portions have been locked in decentralized finance (DeFi) protocols and designated for community projects, effectively controlling the available supply on the market. This management plays a crucial role in maintaining the coin’s value and ensuring it doesn’t flood the market too rapidly.
it’s also vital to highlight the distribution strategy that shiba Inu has employed. In an effort to build a vibrant and engaged community, a considerable amount of tokens was allocated to investors and community members, alongside essential liquidity pools. The strategic halving mechanisms and community burn events have further contributed to a gradual decrease in the circulating supply. The coin’s vibrant ecosystem includes plans for innovations and upgrades, reinforcing its community-driven approach while creating pathways for long-term sustainability. Here are a few key points regarding its supply structure:
- total Supply: 1,000,000,000,000,000 (One Quadrillion)
- Initial Burn: 50% of total supply sent to Vitalik Buterin
- Community Projects: Tokens allocated for strategic projects and liquidity
