Creator: Shiba Inu was launched in August 2020 by an anonymous developer using the pseudonym Ryoshi.
The concept: From the outset, SHIB openly positioned itself as a “Dogecoin killer.” Like Dogecoin, it used the image of a Shiba Inu dog as its mascot and logo.
Initial tokenomics: A staggering total supply of 1 quadrillion tokens was created. Ryoshi made a key decision about how to distribute them:
He deposited 50% of the total supply into Uniswap’s liquidity pool to make it available to the market.
He sent the remaining 50% to Vitalik Buterin, the co-founder of Ethereum, as a symbolic and marketing gesture (seeking to remove the tokens from circulation and build trust, on the premise that if Buterin didn’t sell them, the project would have legitimacy).
The concept: From the outset, SHIB openly positioned itself as a “Dogecoin killer.” Like Dogecoin, it used the image of a Shiba Inu dog as its mascot and logo.
Initial tokenomics: A staggering total supply of 1 quadrillion tokens was created. Ryoshi made a key decision about how to distribute them:
He deposited 50% of the total supply into Uniswap’s liquidity pool to make it available to the market.
He sent the remaining 50% to Vitalik Buterin, the co-founder of Ethereum, as a symbolic and marketing gesture (seeking to remove the tokens from circulation and build trust, on the premise that if Buterin didn’t sell them, the project would have legitimacy).