how many zeros did shiba inu start with

When Shiba Inu launched in 2020, it had an initial supply of 1 quadrillion tokens with 12 zeros, which were reduced through token burns.

Oct 17, 2024 at 06:59 am

How Many Zeros Did Shiba Inu Start With?

1. Initial Token Distribution

When Shiba Inu (SHIB) was launched in August 2020, it had a total supply of 1 quadrillion (1,000,000,000,000,000) tokens.

2. Burning of Tokens

The creators of SHIB initially burned 50% of the supply, sending it to a "dead wallet" (a wallet with no private key). This reduced the circulating supply to 500 trillion tokens.

3. Number of Zeros

This burning process resulted in 12 zeros being removed from the initial supply of SHIB.

4. Current Token Distribution

As of August 2023, there are approximately 549 trillion SHIB tokens in circulation. This means that the token still has 12 zeros.

5. Potential for Zero Reduction

The Shiba Inu team has proposed various mechanisms to reduce the number of circulating tokens, including:

• Token burns: Burning additional tokens to reduce supply.
• Shibarium: A layer-2 solution that could increase transaction fees and generate SHIB for burns.
• Adoption: Increased adoption of SHIB could drive up demand and lead to a natural reduction in supply.

6. Impact of Zero Reduction

Reducing the number of zeros in SHIB could potentially increase its price by making it more scarce. However, it is important to note that market forces ultimately determine the value of any cryptocurrency.