Shiba Inu Token is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as "Ryoshi."
Fifty percent of the total supply of Shiba Token is locked to Uniswap, and the remaining was burned to Vitalik ButerinVitalik Buterin—meaning everyone has to buy Shiba Token on the open market; this is intended to ensure a fair and complete distribution and remove the possible problem of developers owning team tokens. As an ERC-20ERC-20 altcoin, Shiba Inu was created on the Ethereum blockchain.
To help reverse the spread of Covid-19Covid-19 in India, Vitalik Buterin, who held 50 percent of the total supply of Shiba, utilized the token to make a large crypto donation toward India's Covid Relief Fund and burned 40 percent of the total supply of Shiba to a dead wallet, which can help ensure the token's long-term success and stability.