Shiba Inu
Crypto Overview
Project Overview
Shiba Inu (SHIB) is an ERC-20 token launched in August 2020 as a decentralized meme token on the Ethereum blockchain. Initially created as a 'Dogecoin killer,' the project has evolved to incorporate various utilities within its ecosystem.
Intended Utility
The project has developed a comprehensive ecosystem that includes: ShibaSwap - a decentralized exchange (DEX), Shibarium - a Layer-2 blockchain solution for scalability, and various NFT projects. The ecosystem also features BONE (governance token) and LEASH (store of value token).
Actual Utility & Adoption
The token has achieved significant real-world adoption: Multiple major cryptocurrency exchanges list SHIB for trading. Several merchants accept SHIB as payment through platforms like NOWPayments. The Shibarium blockchain processes thousands of daily transactions. ShibaSwap DEX maintains active liquidity pools and trading volume.
Token Distribution & Governance
Initial token distribution included a significant portion sent to Vitalik Buterin, who burned 90% and donated the remainder to charity. The remaining supply is distributed among holders with no single entity controlling a majority. The development team did not pre-mine tokens for themselves.
Development Activity
The project maintains active development: Regular updates to the Shibarium blockchain. Continuous improvements to ShibaSwap DEX. Active community governance through BONE token. Ongoing partnerships and integrations with various platforms and services.
Crypto Impact
To assign a comfort level investing in Shiba Inu from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Shiba Inu.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.