Shiba Inu is a meme-inspired cryptocurrency that has been running on the Ethereum blockchain since 2020. It’s an ERC-20 token that garnered more than 1.5 million worldwide investors in less than five years of its launch. SHIB also took on Dogecoin during its inception days giving Elon Musk’s favorite cryptocurrency a run for its money. Now that you know the basics, we will highlight 3 unknown facts about Shiba Inu that you might not know about.
Also Read: $10K in SHIB Now: When It Will Explode to $1M as Charts Flash 500% Move
Shiba Inu: 3 Unknown Facts You Didn’t Know About SHIB Cryptocurrency
- Founder Ryoshi Has Vanished
The mysterious and anonymous founder Ryoshi remained on X until May 2022 but deleted all his tweets and blog posts. Ryoshi disappeared without a trace, intentionally leaving SHIB to the community. Till today, nobody knows who Ryoshi is leaving Shiba Inu investors to play the guessing game. Speculations were rife back in the day that Ryoshi could have been Tesla CEO Elon Musk. - LEASH Was Once a Rebase Token
Before becoming a fixed-supply token, LEASH was originally designed to “rebase” like an algorithmic stablecoin. For the uninitiated, it means that its supply would adjust algorithmically to maintain a set price similar to algorithmic stablecoins. This model was abandoned early by the founders and turned into a regular cryptocurrency. The pivot to fixed supply happened early, therefore, very few people know about the changes about the Shiba Inu ecosystem. - SHIB Founders Did Not Reserve Tokens For Themselves
Unlike most tokens, the SHIB team founders did not reserve any tokens for themselves. All the tokens were put into circulation while 50% of the supply was straightaway gifted to Ethereum founder Vitalik Buterin. The founder Ryoshi had no reserved Shiba Inu tokens nor did the lead developer Shytoshi Kusama and other team members. If they wanted to own SHIB, they had to buy it from their own pockets.