Shiba Inu ($SHIB) Lead Developer Says the Team Is Focused on Partnerships and Not Hype

Shiba Inu ($SHIB) Lead Developer Says the Team Is Focused on Partnerships and Not Hype

September 16, 2022

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu ($SHIB), says that although he doesn’t believe the popular crypto project will ever lose hype, it is not something that the team has ever focused on.

Here is what Binance Academy says about Shiba Inu:

Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who designed SHIB to be an alternative to Dogecoin (DOGE) on the Ethereum blockchain.

SHIB is an ERC-20 token with a decentralized exchange called ShibaSwap. The SHIB roadmap and ecosystem also features an NFT art incubator called Shiba Artist Incubator, 10,000 ‘Shiboshi’ NFTs, and an NFT game Shiboshi Game.

Shiba Inu had an initial circulating supply of 1 quadrillion tokens. Ryoshi locked 50% of the token in Uniswap to create liquidity, and sent the other 50% to Ethereum co-founder Vitalik Buterin’s wallet. However, Vitalik decided to burn 90% of the coins and donate the remaining 10% to charity.

LEASH is the second token created by Shiba Inu and it’s also on ShibaSwap. With a circulating supply of 107,646 tokens, LEASH was initially used as a rebase token to track Dogecoin’s price. However, SHIB developers decided to change LEASH to an ERC-20 token. LEASH holders can stake their tokens in the liquidity pool and earn xLEASH as rewards. 

BONE is a governance token. It has a supply of 250,000,000 tokens.

According to a report by The Crypto Basic published earlier today, Kusama had this to say on Shiba Inu’s official Discord channel:

“I do not think we’ll lose ‘hype.’ We were never focused on hype; we were focused on platforms and products. And now also partnerships.

Earlier today, the official Twitter account of the Shiba Inu project announced that $SHIB had been added to the list of cryptoassets supported for Binance Card in Argentina:

It is worth noting that Binance added support for $SHIB for Binance Card in Europe in early August:

The Shiba Inu team also tweeted about a new concept artwork that was recently created for Shiba Inu’s metaverse project, which is dubbed “SHIB: The Metaverse”.

According to data by TradingView, on FTX, SHIB-USD is currently (as of 10:47 a.m. UTC on September 16) trading around $0.00001171.

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