Does shib shitcoin have a destruction system?

❶ What is shib de-zeroing

shib de-zeroing refers to the de-zeroing action of the SHIB community.

SHIB (Shiba Inu) – commonly known in China: Shiba, constantly occupying the hot list of the currency circle, and even Weibo and Douyin outside the circle are reporting on SHIB, the popularity naturally needs no words.

SHIB community’s slogan: EAT ZERO—that is, go to zero action.

SHIB’s founder Ryoshi has always been fascinated by the creation of decentralized communities, and hopes to form a pure non-centralized organization like dogs and bitcoins. Hope to guide and create a decentralized project through technical means, and start everything from zero (All From ZERO).

Everything here starts from 0, including SHIB from 0, and the community from 0, and everything starts from 0, which means that after the birth of SHIB, there is no shutdown with the founding team. The team also started from 0 to 0, and the subsequent development is completely decentralized.

How does SHIB achieve All From ZERO?

1. The capital investment of the founder Ryoshi and his team in the SHIB project is: 0.

2. Except for Buterin, everyone who wants to hold SHIB can only obtain it from the market.

The founder Ryoshi and his team are equal to all living beings. If you want to get the shit coin SHIB, you have to buy it from the market. Therefore, there is no currency that is the founder Ryoshi, nor is it the currency of the project party or management, which has achieved 0 reservation and 0 private placement.

3. The community starts from 0.

SHIB does not have an official team, the teams on the market are just volunteers or promoters, and no one pays the exchange to list SHIB.

On April 17th, more than 10 exchanges at home and abroad rushed to list the new shitcoin SHIB, such a popular project is still alive and well.

❷ Does Shiba have deflation?

Has a deflation mechanism
Compared with the embarrassing scene where Dogecoin has no ecological application, the advantages of Shiba Inucoin In addition to other advantages of Dogecoin, it is ecological construction. It is reported that SHIBA is just a governance token, LEASH (dog rope) is a stable currency, BONE (dog bone) is a token for the decentralized finance of ShibaSwap exchange, and ART is a token for NFT (non-fungible token). . It is reported that each ART in the future will carry 5 billion SHIB, and for every ART sold, 5 billion SHIB will be destroyed at the same time, which means that SHIB may implement a deflationary mechanism in the future. .

❸ Is shib so popular recently? How to buy it?

This year’s currency circle is very popular. Hot, familiar recipes, familiar tastes, and now, virtual currencies are once again in a frenzy. When major weighted varieties such as Bitcoin are consolidating, hundreds of altcoins ushered in a carnival moment, the story of “get rich overnight” And quietly circulated in various communities.

In the beginning, it was Dogecoin DOGE, which was soaring that people couldn’t understand it; then it was “shit currency” SHIB, which increased by 280,000 times this year; the highest one-day surge was 500%, and now it is LOWB again. In just a few days, it has increased 60 times. In addition, the Akita Inu coin AKITA has increased by 840 times, and the pig coin PIG has increased by 656 times… Various animal coins have been born, and the popularity is very high. See you soon.

❹ What does shib coin do? Does the project have a destruction mechanism?

SHIB is an experiment in the construction of a decentralized and spontaneous community.

The total amount of SHIB issued is 1000 trillion, of which 50% of the total supply has been put into Uniswap, and the private key has been lost, and the remaining 50% has been transferred to the Buterin address.

shib does not have a destruction mechanism, but after the ecological construction is completed, every time a dog leash is exchanged, the shib used for exchange will be destroyed, so the amount of shib will be less and less, and the project party also believes that SHIB has a chance to reach $0.1

This means that users can freely buy and sell in Uniswap. Losing the private key means giving up management rights. Because the price of SHIB is very low, some users hold dozens of billions or even trillions of SHIB coins.

SHIB is issued based on Ethereum. ShibaSwap will be launched at the end of April. Compared with Dogecoin, which can only be used for Twitter, Reddit rewards and other application scenarios, SHIB can be better applied to the blockchain of Ethereum. in ecology. However, the launch time of SHIB is short, and the circulation is not sufficient, and it still needs time to test.

SHIB coin is illegal, because it is forbidden to buy and sell virtual currencies such as SHIB coin in China. At present, SHIB is not listed, and the circulation is only within the community, so its value is not so great. Since the number of people who know SHIB coins is very small, the number of people in circulation is also very small.

Notes for purchasing SHIB:

It should be noted that shib does not have a core consensus, even the underlying construction fund pool of the basic cryptocurrency, There is no loan, database, exchange mechanism, etc. It is just a token based on the Ethereum chain. This currency can only be short-lived, and everyone needs to be cautious when investing.

❺ Top 10 shib holding addresses

1.shib��The address of the largest holding currency is in the currency information.
2.shib coin is a virtual currency created and issued by the Ahiba Lnu community. Shib can also be called Shiba Inu Coin or Shib Coin, which can be traded on the Huobi trading platform. Investors can buy and sell shib coins by following the transaction process. However, when trading virtual currency, investors should have a certain understanding of the common trading rules in the trading market to avoid trading mistakes. This type of trading market implements the T+0 trading rule, and does not set any price limit.
Expansion information
What is shib coin:
First, shib coin will be officially launched in the virtual currency trading market in early February 2021. A total of one thousand trillion shib coins are issued, and the amount is very fixed. In the virtual currency market, the shib currency is known as the Dogecoin killer, which has good development prospects and broad space. Investors think this way because of the significant differences that exist between virtual currency and token mechanics. The number of shib coins issued is limited and the destruction mechanism is adopted, but Dogecoin does not have such characteristics. Since the issuance of shib coin, although there are the above advantages, it still has its shortcomings. The online time is very short, and the circulation is not complete.
Two, Shiba Inu (SHIB) is an experiment in decentralized community building, it is another meme token similar to Dogecoin. SHIB, the native token of Shiba Inu, will be the first token to be listed on the decentralized exchange ShibaSwap and used for incentives. Three reasons for the skyrocketing price:
1. Many exchanges listed SHIB. In the past few months, one of the biggest reasons for the rise of Shiba Inu Coin is that Shiba Inu Coin and LEASH tokens, which are also in the Shiba Inu Coin ecosystem, have been listed on BitKan, AOFEX, StealthEx, CoinFlex and other exchanges. ChangeNow also launched a flip DOGE for SHIB event to celebrate the listing of LEASH tokens.
2. Shiboshi NFT launched. The second reason for the continuous rise of Shiboshi is to catch up with the non-fungible token (NFT) craze and launch the Shiboshi NFT series, which is a marketing method for the Shiboshi project to increase its community interaction and gain more support. All Shiboshi NFTs are now minted and listed on the OpenSeaNFT marketplace.
3. The amount of open interest surged. Finally, the third reason for the surge in Shiba Inucoin is related to the surge in futures trading volume including OKEX, FTX, and Huobi.

❻ Why is the shitcoin soaring?

First, because the price is low, you can have hundreds of thousands of coins for just a few dollars. The market threshold is relatively low, Shibi, also known as Shiba Inucoin, the full English name is SHIB, the official translation is the meaning of Shiba Inucoin, but according to the Chinese pinyin, it happens to be called Shibi, so it was called this name later. The second is due to the extremely high FOMO sentiment in the bull market. In 2021, the cumulative increase of SHIB will reach 280,000 times, and there are already countless zeros. Third, of course, it has something to do with the “calling list” of a big guy like Musk. In mid-March 2021, Musk tweeted that he would raise a Shiba Inu for his family. Before Dogecoin could rise, the SHIB team immediately ran out to touch the porcelain and said that Musk was going to buy Shiba Inucoin. So the shit coins started to explode, the kind of stunned explosion.
Extended Information
1. On October 18, 2021, a petition calling for Robinhood to list SHIB has gained over 250,000 signatures.
2. PAC Protocol CEO David Gokhshtein tweeted that there are crypto whales buying SHIB in bulk. Twitter user @NastyShib commented that there are multiple crypto whales buying SHIB. The largest deal to date involves $46 million worth of SHIB. According to @WhaleStats monitoring data, a crypto whale purchased 6178758122373 SHIB (worth $43.83 million) on September 30, 2021. Later, the same crypto whale received 276 billion SHIB in three separate batches (116 billion, 159 billion and 1 billion SHIB respectively). These transactions are completed within a few hours.
3. The multi-asset investment platform eToro has launched Shiba Inu(SHIB). The company said it made the decision based on high demand from customers. As early as May 2021, eToro will list Dogecoin. After that, Dogecoin surged to an all-time high of around $0.5. SHIB hit an all-time high in mid-May 2021 as its popularity soared. While decentralized exchange (DEX) ShibaSwap attracted $1.76 billion in total locked interest (TVL) just days after its launch, it has dropped 80% since then. According to DeFiLama data, ShibaSwap TVL has dropped to around $400 million at press time.
Marcus did all the programming for Dogecoin in 3 hours. At the time, anyone could have it for free. However, generally speaking, the more sophisticated virtual currency project parties still have to hire someone to do it all over again, create a new algorithm that looks different, write a good white paper, and explain the significance and great prospects of this project. Wait. Marcus still has to go to work, so he doesn’t have so much spare time to do this, spend 3.Fishing for �� hours is a luxury. So, Marcus directly brought the code of Litecoin, only changed a few key parameters, and copied all the others. What key parameters have been changed? First of all, the icon has been replaced with a dog’s head, which is the most significant innovation of Dogecoin.

❼ What is Shiba

Shiba is Shiba Inu, similar to Dogecoin, it is a decentralized experiment, with a total issuance of 100 Trillion, the founding team put 50 trillion into the V God wallet.

On May 10, 2021, according to foreign media reports, the Shiba Inu coin, a virtual currency after Dogecoin, entered people’s field of vision. In just 2 days, the Shiba Inu coin has gone from a cheap altcoin to the top cryptocurrency in the world.

May 13, 2021 Buterin donated 50 trillion SHIB tokens (about 1.2 billion US dollars) to India’s new crown virus relief fund.

On May 17, 2021, Vitalik Buterin, the founder of Ethereum, destroyed 45% of the Shiba Inu coin.

In August 2020, Shiba Inu coin was born with a circulation of 1000 trillion.

On May 7, 2021, Hiromichi Mizuno, Tesla’s independent director and former chief investment officer of Japan’s pension fund, said on social media: “Investors can trade Shiba Inu coins on a short-term basis, but don’t treat yourself like this. Shiba Inu pet dog.” Elon Musk immediately responded: “I’m looking for a Shiba Inu (coin)!”

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day.

❽ What does shib coin do? Does the project have a destruction mechanism?

SHIB is an experiment in decentralized spontaneous community construction. There is no destruction mechanism for shib, but after the ecological construction is completed, every time a dog leash is exchanged, the shib used for exchange will be destroyed, so the amount of shib will become less and less, and the project party believes that shib has a chance to reach 0.1 US dollars. of.

Shib, a virtual currency, was born in August 2020 with a circulation of 1,000 trillion.

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day. On May 10th, the Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the world’s No. 1 cryptocurrency.

Development history

In August 2020, Shiba Inu coin was born with a circulation of 1,000 trillion.

On May 7, 2021, Hiromichi Mizuno, Tesla’s independent director and former chief investment officer of Japan’s pension fund, said on social media: “Investors can trade Shiba Inu coins on a short-term basis, but don’t treat yourself like this. Shiba Inu pet dog.” Elon Musk immediately responded: “I’m looking for a Shiba Inu (coin)!”

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day.

On May 10, 2021, according to foreign media reports, the Shiba Inu coin, a virtual currency after Dogecoin, entered people’s field of vision. In just 2 days, the Shiba Inu coin has gone from a cheap altcoin to the top cryptocurrency in the world.

May 13, 2021 Buterin donated 50 trillion SHIB tokens (about 1.2 billion US dollars) to India’s new crown virus relief fund.

On May 17, 2021, Vitalik Buterin, the founder of Ethereum, destroyed 45% of the Shiba Inu coin.

❾ How much shib coins are destroyed each year

The total amount of SHIB issued is 1000 trillion, of which 50% of the total supply has been put into Uniswap and lost Private key, the remaining 50% will be transferred to Buterin address.

shib does not have a destruction mechanism, but after the ecological construction is completed, every time a dog leash is exchanged, the shib used for exchange will be destroyed, so the amount of shib will be less and less, and the project party also believes that shib has a chance to reach $0.1.

Shib (Shib)

Virtual currency, born in August 2020, with a circulation of 1,000 trillion.

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day. On May 10th, the Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the world’s No. 1 cryptocurrency.

❿ Is shitcoin listed on Robinhood Exchange?

No.

Shib, a virtual currency, was born in August 2020 with a circulation of 1,000 trillion.

As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day. On May 10th, the Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the world’s No. 1 cryptocurrency.

The purpose of Shib is to be a “Dogecoin Killer”, highlighting its enormous supply, meaning users can hold billions or even trillions of tokens. There is also a decentralized trading platform, Shiba Swap.

Development history

In August 2020, Shiba Inu coin was born with a circulation of 1,000 trillion.

On May 7, 2021, Hiromichi Mizuno, Tesla’s independent director and former chief investment officer of Japan’s pension fund, said on social media: “Investors can trade Shiba Inu coins on a short-term basis, but don’t treat yourself like this. Shiba Inu pet dog.” Elon Musk immediately responded: “I’m looking for a Shiba Inu (coin)!”

As of May 9, 2021, the Shiba Inu coin will be within one day.� Up nearly 1200%.

On May 10, 2021, according to foreign media reports, the Shiba Inu coin, a virtual currency after Dogecoin, entered people’s field of vision. In just 2 days, the Shiba Inu coin has gone from a cheap altcoin to the top cryptocurrency in the world.

May 13, 2021 Buterin donated 50 trillion SHIB tokens (about 1.2 billion US dollars) to India’s new crown virus relief fund.

On May 17, 2021, Vitalik Buterin, the founder of Ethereum, destroyed 45% of the Shiba Inu coin SHIB.

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