Shiba Inu Token (SHIBUSD)

[mollythomas]

89.76 trillion is the exact amount of tokens. Read this
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DYOR CRYPTO WIKI
Shiba Inu (SHIB)
WEBSITE
https://shibatoken.com/
LAUNCH
31-7-2020
TOTAL SUPPLY
1 quadrillion
TYPE
Meme Coin
CONSENSUS MECHANISM
ERC20 on Ethereum

Basics
Based in: Japan
Started in / Announced on: 31-7-2020
Testnet release:
Mainnet release:
Shiba is a meme coin, clone of Dogecoin. Made it into the top 20 of CoinMarketCap in early May 2021.
History
From the announcement from Ryoshi, the founder (3-8-2020):
"I am an independent trader of cryptocurrency for a couple of years and have always been fascinated about the genesis of decentralized communities. To be specific, to what degree are they seeded and guided by invisible hands or can they really grow from seed to something perpetual and 100% community owned in the same way we see BTC or DOGE with no central figure or organization maintaining. So when we design the SHIBA experiment, our goal was very altruistic to give an opportunity for fair distribution and ownership from day 1. This means even if I RYOSHI and my frens setup SHIBA, we have no more potential for ownership that anybody else in the world."

From CMC (11-5-2021):
"According to SHIBA INU, the reasoning behind the creation of SHIBA is that Shibas constantly forget where they bury their treasure. The website proclaims "Many doggie wars have been waged over precious treasure and delicious goodies.""

Audits & Exploits
Bug bounty program can be found [insert here].
Bugs/Exploits
From their blog (1-2-2021):
"Our official twitter got hacked so until we get that back, don’t trust anything published there."

Governance
Doggy DAO
From Bitcoin.com (2-1-2022):
"The Doggy DAO phase 1 will provide “immediate power to the community to decide which crypto projects and pairs on the Shibaswap WOOF Pools will be, and how the $BONE rewards (Allocation Points) are to be distributed amongst them,” the blog post explains. The governance system will leverage $tBONE for votes and $BONE for staking.

“This is a crucial first step, orienting our Decentralized Exchange to grow, while promoting all the benefits to the #Shibarmy from such pairs, and welcoming new investors to use the platform,” the SHIB team says."

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Token
Launch
From the announcement from Ryoshi, the founder (3-8-2020):
"First thing is I had a fren that i met at devcon last year in Osaka who has some influence in the space, we talk sometimes about Crypto philosophy and I told him the vision and he agreed to help. So he made a token contract and put half of it on Uniswap with 10ETH pair (he is successful business man so 10ETH is nothing for him) and threw away the liquidity keys so the ETH or the tokens can never be withdrawn. He then transferred the rest to me to do my part. STEP ONE complete, we have a $SHIB token made and 50% Supply locked into sale contract and the other half to my burning wallet. Thank you fren!"

Token Allocation
From the website (11-5-2021):
"We locked the 50% of the total supply to Uniswap and threw away the keys! The remaining 50% was burned to Vitalik Buterin." For more detail, check Coin Distribution below.

From Decrypt (17-3-2021):
"Buterin burnt 410.24 trillion in Shiba Inu (SHIB) coins on Sunday, worth as much as $6.74 billion at the time of the transaction. The amount burnt also represents more than 40% of all SHIB in circulation."

Coin Distribution
Vitalik's Stash
Vitalik got just over 505 trillion or a bit more than 50% of the supply (11-5-2021).
From Crypto Briefing (11-5-2021):
"His wallet now holds $13 billion of the coin. The most recent deposit to Buterin totaled 3.1 billion SHIB, an amount worth approximately $90,000. Buterin has not commented on whether he is aware of the deposit and whether he intends to sell or hold the tokens, and after a year of holding, a selloff seems unlikely. Nevertheless, the unusual situation makes the coin’s price unpredictable."

From Crypto Briefing (13-5-2021):
"According to The Block, Buterin sold 660 billion SHIB, 140 billion AKITA and 43 billion ELON via those exchanges for a total of about $63 million. However, exchange liquidity soon ran out, leading Buterin to give away the coins instead. He sent more than 50 trillion SHIB ($1 billion) to the India Covid-Relief Fund."

From Decrypt (17-3-2021):
"Vitalik Buterin has burnt 410.24 trillion Shiba Inu tokens, worth more than $6.7 billion. That's 90% of what was left in Buterin's wallet following his 50 trillion SHIB donation last week."

Technology
Whitepaper (the Woofpaper) can be found here.
Code can be viewed [insert here].
Implementations
Built on: Ethereum, ERC20
From their blog (1-2-2021):
"there is only SHIB and LEASH on ETH. There is no binance chain or whatever forks"

Oracle Method
Privacy Method
Compliance
Their Other Projects
BONE
From the website (11-5-2021):
"BONE Dogecoin Killer is our next token! COMING SOON, Shiba Inu Bone, takes the power of Defi to the next level."

It seems this has been merged with ShibaSwap.

LEASH
From the website (11-5-2021):
"LEASH was originally set to be a rebase token pegged to the price of Dogecoin. Now, it has been unleashed and will not rebase. With a total circulation of ONLY 100k tokens, it has the opposite appeal to Shib (which has a much larger supply). The second token incentivized on the swap offers special rewards for those who provide liquidity."

ShibaSwap
An exchange for 'fun tokens' and an 'Artist Incubator'.
Roadmap
Can be found [Insert link here].
From Crypto Briefing (11-5-2021):
"Shiba Token appears to have few technical goals. Rather, it aims to leverage market trends to climb through the ranks."

Usage
Competition
Pros and Cons
Team, Funding, Partners
Team
Full team can be found [here]. "Our volunteer team is small" (3-8-2020)
Ryoshi; founder
Funding
From the announcement from Ryoshi, the founder (3-8-2020):
"We don’t take investment — who would take the investment? I am just some volunteer also. If you want to contribute we can help you direct your resources (maybe some exchange wants fee, you are welcome to pay) or just go Market Buy SHIB to show support."

(:
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