-
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$289.6343
6.02%
What is the issuance and circulation volume of Shiba Inu Coin?
Shiba Inu Coin's initial supply of 1 quadrillion tokens has been reduced by burning to 589 trillion, with a current circulating supply of approximately 179.7 trillion tokens as of February 2023.
Oct 09, 2024 at 04:59 am
1. Issuance of Shiba Inu Coin
- Initial issuance: 1 quadrillion tokens
- Current issuance: 589 trillion tokens (as of February 2023)
2. Circulation of Shiba Inu Coin
- Burned tokens: 410.3 trillion tokens
- Remaining circulation: 179.7 trillion tokens
Issuance History
- Shiba Inu Coin was launched in August 2020, with a total supply of 1 quadrillion tokens.
- In May 2021, 50% of the total supply was sent to the Ethereum founder, Vitalik Buterin, who donated a significant portion to charities and burned the rest.
- This burn reduced the total supply of Shiba Inu Coin from 1 quadrillion to 589 trillion tokens.
Circulation and Burning
- The current circulating supply of Shiba Inu Coin is approximately 179.7 trillion tokens.
- Since its launch, 410.3 trillion tokens have been burned through various mechanisms, including voluntary burns from the community and token burns by exchanges.
- Ongoing burns continue to reduce the circulating supply, potentially increasing the value of remaining tokens.
Note: Issuance and circulation volumes may change over time due to burns and other events. The provided information reflects the status as of February 2023.
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