How was Shiba Inu Coin created?

3 answers

• Bagger LauesenOct 29, 2022 · 3 years ago
  Shiba Inu Coin was created through a process known as token creation or token minting. It involves the deployment of a smart contract on the Ethereum blockchain. The creators of Shiba Inu Coin wrote the smart contract code, which defines the rules and functionalities of the token. They then deployed the contract, which generated a specific number of Shiba Inu Coins. These coins were distributed to the creators and early adopters as an initial supply. From there, the token was made available for trading on various cryptocurrency exchanges.
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• tfaraonMay 09, 2024 · a year ago
  The creation of Shiba Inu Coin involved the use of the ERC-20 standard, which is a widely adopted token standard on the Ethereum blockchain. This standard ensures compatibility and interoperability with other Ethereum-based tokens. By following the ERC-20 standard, Shiba Inu Coin was able to leverage existing infrastructure and easily integrate with wallets, exchanges, and other decentralized applications.
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• MurilloMGCJul 30, 2023 · 2 years ago
  Shiba Inu Coin was created by a group of developers and enthusiasts who were inspired by the success of other meme-based cryptocurrencies like Dogecoin. They saw an opportunity to create a fun and community-driven token that could gain popularity in the crypto space. The creators wanted to bring attention to the Shiba Inu breed and decided to use it as the mascot for their coin. They launched the token with a fair distribution model, allowing anyone to participate and acquire Shiba Inu Coins. The community quickly grew, and Shiba Inu Coin gained traction as a meme token with a dedicated following.
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