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.