Today, we're going to talk about Shiba Inu. Shiba Inu is an ERC-20 token that was developed by the Dogecoin community and it is now available for trading on Atomicwallet.
The coin was created by an anonymous individual going by the name Ryoshi and dubbed the "Dogecoin Killer". There are almost 400 trillion SHIB tokens in circulation, with a max supply of one quadrillion tokens on 03-Aug-2021.
The Shiba Inu creators have created an ecosystem of three coins known as SHIB, LEASH, and BONE and a decentralized exchange called ShibaSwap.
This coin was listed in Coinbase with the expectation that it would increase in value. Many investors were excited about this cryptocurrency, but what actually happened? Coinbase listed it with a price of 0.00005000 instead of 0.00010000, which caused many people to lose money.
Upon listing this coin, Coinbase realized it had listed the token incorrectly. The company corrected its mistake after a few hours, but people who bought the coin for $1000 lost a lot of money when it dropped to $150.
Recently, a random listing of Bitcoin Cash emerged on Coinbase. The company has said that the sellers listed the item without their knowledge and it will be corrected immediately. There has been much criticism about this by many people on social media platforms such as Twitter.
This is what happened to Shiba Inu. Now the question that comes to our mind is what happens to this now? and What would be the future of this?
Shiba Inu's owner already donated 40% of his tokens to UNICEF and the remaining 50% is given to Ethereum. Ethereum has donated some % of the fund to India for a Covid19 relief fund.
Now all our expectation is that this has to come to Rs.1, and if it started listing in Coinbase and Robinson then those who are having this will have a huge money rain.