Understand the issuance price and total issuance volume of SHIB coins in one article

The circulating supply of SHIB coins, currently estimated at 549 trillion tokens, remains well below the initial issuance volume of 1 quadrillion due to significant token burns.

Oct 21, 2024 at 10:54 pm

Understanding the Issuance Price and Total Issuance Volume of Shiba Inu (SHIB) Coins

1. Issuance Price

• The exact issuance price of SHIB is unknown as it was not sold publicly through an Initial Coin Offering (ICO).
• However, the early investors who received SHIB tokens during the project's inception may have paid a different price than the tokens' current market value.

2. Initial Issuance

• Shiba Inu (SHIB) tokens were initially created on August 1, 2020.
• The total initial supply of SHIB was set to 1 quadrillion tokens, with 50% (500 trillion) given to Ethereum co-founder Vitalik Buterin. Buterin ultimately burned 90% of these tokens, reducing the circulating supply.

3. Current Issuance Volume

• The current total issuance volume of SHIB is 1 quadrillion tokens.
• Due to Buterin's token burn, the current circulating supply is significantly less than the initial issuance volume.

4. Circulating Supply

• The circulating supply of SHIB refers to the number of tokens that are currently available in the market for trading.
• This number fluctuates due to factors such as token burns and new token releases.
• As of February 2023, the estimated circulating supply of SHIB is 549 trillion tokens.

5. Future Issuances

• There are no plans for additional issuance of SHIB tokens beyond the initial 1 quadrillion.
• Therefore, the total issuance volume and circulating supply of SHIB are likely to remain at current levels or decrease over time due to token burns.

Conclusion

The issuance price of SHIB coins is not publicly available. The initial total issuance volume of SHIB was 1 quadrillion tokens, but the circulating supply has been reduced due to token burns. The current total issuance volume is 1 quadrillion tokens, with a circulating supply of 549 trillion tokens as of February 2023. No additional issuances are planned beyond the initial 1 quadrillion tokens.