-
Bitcoin $101,898.5005
-0.75% - Ethereum
$2,258.1125
-1.07% - Tether USDt
$1.0004
0.01% - XRP
$2.0178
-2.93% - BNB
$624.0243
-1.53% - Solana
$134.3298
-0.90% - USDC
$0.9999
0.01% - TRON
$0.2675
-2.05% - Dogecoin
$0.1538
-1.96% - Cardano
$0.5482
-1.11% - Hyperliquid
$35.5636
5.45% - Bitcoin Cash
$453.4902
-1.66% - Sui
$2.5134
-2.97% - UNUS SED LEO
$9.1292
1.77% - Chainlink
$11.8457
-1.60% - Stellar
$0.2312
-2.73% - Avalanche
$16.9721
0.29% - Toncoin
$2.7549
-3.82% - Shiba Inu
$0.0...01081
-1.10% - Litecoin
$80.8250
-0.71% - Hedera
$0.1374
0.21% - Monero
$305.4827
-2.36% - Ethena USDe
$1.0006
0.00% - Dai
$1.0000
-0.01% - Polkadot
$3.2085
-3.12% - Bitget Token
$4.0845
-3.13% - Uniswap
$6.3353
-1.63% - Pi
$0.5085
-0.70% - Pepe
$0.0...08913
-3.82% - Aave
$232.7090
-0.58%
What is the issuance and circulation volume of SHIB coins?
By reducing the circulating supply through burning mechanisms, the SHIB community aims to increase the value of the token over time.
Oct 13, 2024 at 11:23 am
1. Issuance Volume of SHIB
SHIB was initially issued with a circulating supply of 1 quadrillion tokens in August 2020. This massive issuance was intended to make SHIB highly accessible and affordable, with the hope of driving widespread adoption.
2. Circulation Volume of SHIB
As of June 2023, the circulating supply of SHIB has significantly decreased due to various burning mechanisms implemented by the SHIB community. The total supply of SHIB has been reduced to approximately 549 trillion tokens.
3. Burning Mechanisms
The SHIB community has implemented several burning mechanisms to reduce the circulating supply and increase the value of the token. These burn initiatives include:
- Coin Burning: Regular events where large quantities of SHIB are sent to designated dead addresses, removing them from circulation.
- Shibarium Burning: A built-in mechanism within the Shibarium Layer 2 solution that will burn a percentage of all transaction fees.
- SHIB Burn Wallet: A specific wallet where individuals can voluntarily send SHIB to be burned.
4. Impact of Burning
Burning SHIB tokens reduces the supply while maintaining or increasing the demand. By reducing the available SHIB, the price is more likely to appreciate over time.
5. Future Circulation Volume
The future circulation volume of SHIB will depend on the continued implementation of burning mechanisms and the overall activity of the community. Based on estimates from community sources, the circulating supply of SHIB could decrease further to around 50 trillion tokens by the end of 2023.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Cryptocurrencies, Coingecko, and Trending Tokens: What's Hot Now?
- 2025-06-23 23:05:12
- Bitcoin, Meerkat, and Onchain Engagement: A New Era of Crypto
- 2025-06-23 23:25:12
- Cloud Mining, Bitcoin, and XRP: A 2025 Perspective
- 2025-06-23 23:25:12
- Neo Pepe Coin: Meme Crypto with Explosive Potential?
- 2025-06-23 23:45:12
- FUNToken: Decoding Past Trends and Getting Started in the Gaming Crypto Sphere
- 2025-06-23 22:25:12
- Eyenovia Goes Crypto: A HYPE Treasury and Potential Rebrand
- 2025-06-23 23:45:12
Related knowledge
How to solve the error code when withdrawing SHIB?
May 14,2025 at 02:22am
Understanding Error Codes When Withdrawing SHIBWhen you attempt to withdraw Shiba Inu (SHIB) from an exchange or wallet, you might encounter various error codes. Understanding these error codes is crucial to successfully completing your transactions. Error codes are typically generated to inform users of specific issues that need to be addressed before ...
Can the SHIB withdrawal address be reused? Is it safe?
May 13,2025 at 04:42pm
Introduction to SHIB Withdrawal AddressesWhen it comes to Shiba Inu (SHIB) transactions, one of the critical aspects users need to understand is the nature and safety of withdrawal addresses. The SHIB withdrawal address plays a pivotal role in ensuring that your tokens are transferred securely from one wallet to another. A common question among users is...
What is the minimum withdrawal amount for SHIB? Is there a threshold?
May 13,2025 at 03:29pm
When it comes to withdrawing SHIB (Shiba Inu) from various cryptocurrency platforms, understanding the minimum withdrawal amount and any associated thresholds is crucial for managing your transactions efficiently. This article will delve into the specifics of SHIB withdrawals, focusing on the minimum amounts required, how these thresholds are set, and w...
What to do if the SHIB withdrawal network is congested? Can it be cancelled?
May 13,2025 at 05:07pm
If you're facing issues with the SHIB withdrawal network being congested, it's important to understand your options and the steps you can take. Congestion in the network can lead to delays in transaction processing, and knowing whether you can cancel a pending transaction is crucial. Let's explore this topic in detail. Understanding SHIB Withdrawal Netw...
Does SHIB withdrawal support ERC20? How to choose?
May 14,2025 at 02:56am
Does SHIB withdrawal support ERC20? How to choose? Shiba Inu (SHIB) is a popular cryptocurrency that often raises questions about its withdrawal options, particularly in relation to the ERC20 token standard. This article will explore whether SHIB withdrawal supports ERC20 and provide a detailed guide on how to choose the best withdrawal method for your ...
What if I forget my SHIB withdrawal password? How to reset it?
May 13,2025 at 03:15pm
Forgetting your SHIB withdrawal password can be a stressful experience, especially if you are eager to access your funds. Fortunately, there are steps you can take to reset your password and regain access to your SHIB. This article will guide you through the process of resetting your SHIB withdrawal password, ensuring that you can continue to manage you...
How to solve the error code when withdrawing SHIB?
May 14,2025 at 02:22am
Understanding Error Codes When Withdrawing SHIBWhen you attempt to withdraw Shiba Inu (SHIB) from an exchange or wallet, you might encounter various error codes. Understanding these error codes is crucial to successfully completing your transactions. Error codes are typically generated to inform users of specific issues that need to be addressed before ...
Can the SHIB withdrawal address be reused? Is it safe?
May 13,2025 at 04:42pm
Introduction to SHIB Withdrawal AddressesWhen it comes to Shiba Inu (SHIB) transactions, one of the critical aspects users need to understand is the nature and safety of withdrawal addresses. The SHIB withdrawal address plays a pivotal role in ensuring that your tokens are transferred securely from one wallet to another. A common question among users is...
What is the minimum withdrawal amount for SHIB? Is there a threshold?
May 13,2025 at 03:29pm
When it comes to withdrawing SHIB (Shiba Inu) from various cryptocurrency platforms, understanding the minimum withdrawal amount and any associated thresholds is crucial for managing your transactions efficiently. This article will delve into the specifics of SHIB withdrawals, focusing on the minimum amounts required, how these thresholds are set, and w...
What to do if the SHIB withdrawal network is congested? Can it be cancelled?
May 13,2025 at 05:07pm
If you're facing issues with the SHIB withdrawal network being congested, it's important to understand your options and the steps you can take. Congestion in the network can lead to delays in transaction processing, and knowing whether you can cancel a pending transaction is crucial. Let's explore this topic in detail. Understanding SHIB Withdrawal Netw...
Does SHIB withdrawal support ERC20? How to choose?
May 14,2025 at 02:56am
Does SHIB withdrawal support ERC20? How to choose? Shiba Inu (SHIB) is a popular cryptocurrency that often raises questions about its withdrawal options, particularly in relation to the ERC20 token standard. This article will explore whether SHIB withdrawal supports ERC20 and provide a detailed guide on how to choose the best withdrawal method for your ...
What if I forget my SHIB withdrawal password? How to reset it?
May 13,2025 at 03:15pm
Forgetting your SHIB withdrawal password can be a stressful experience, especially if you are eager to access your funds. Fortunately, there are steps you can take to reset your password and regain access to your SHIB. This article will guide you through the process of resetting your SHIB withdrawal password, ensuring that you can continue to manage you...
See all articles
