General Presentation
What is the name of the cryptocurrency and its symbol?
Shiba Inu (SHIB).
What is its current market capitalization?
Approximately $7.36 billion USD.
What is its ranking on CoinMarketCap?
17th
Technology and Infrastructure
Is this cryptocurrency a Layer 1 (independent blockchain) or a Layer 2 (built on an existing blockchain)?
Layer 2
If it is a Layer 2, which blockchain does it rely on?
Ethereum
Is it a native token (used for transaction fees and securing the network) or a non-native token (an asset on an existing blockchain)?
Non-native token
What consensus mechanism does it use? (Proof of Work, Proof of Stake, or another?)
It uses Ethereum’s Proof of Stake (PoS)
Use Case and Functionality
What is the main purpose of this cryptocurrency? (Payments, smart contracts, DeFi, NFTs, etc.)
Initially a meme token; evolving towards decentralized finance (DeFi) and non-fungible tokens (NFTs)
Who are its main competitors?
Dogecoin (DOGE) and other meme coins like PEPE
Strengths and Weaknesses
What are its advantages? (Speed, low fees, security, decentralization, etc.)
Strong community support. They are evolving towards decentralization (ShibaSwap, DoggyDao)
What are its weaknesses? (Scalability, security risks, centralization, etc.)
High volatility, limited utility.
How does it address the blockchain trilemma (scalability, security, decentralization)?
Relies on Ethereum’s infrastructure; scalability and decentralization also depend on Ethereum’s developments.
Adoption and Ecosystem
Who are the main users of this cryptocurrency? (Retail users, developers, businesses, institutions?)
Retail investors, Shiba Inu token community (“Shib army”)
Are there any major partnerships or integrations?
Limited; primarily community-driven initiatives
How active is its developer community?
Moderate; focused on ecosystem expansion though they are funds for development and marketing (Core Developers & OG Admins Fund and Shiba Inu Ecosystem Development & Marketing Fund)
Tokenomics and Supply
What is the maximum supply of the token?
589.55 Trillions
How is it distributed? (Mining, staking, pre-mined, allocated to the team?)
50% allocated to Vitalik Buterin (mostly burned and the rest donated); 50% added to Uniswap liquidity pool
Does it have a burning mechanism or any deflationary aspect?
Yes; periodic token burns to reduce supply
Risks and Future Outlook
What are the biggest risks to this cryptocurrency’s success? (Regulation, security, competition?)
Regulatory challenges, market volatility, competition. Rug pool from the team ? (no solid information on the team)
What are the upcoming developments in its roadmap?
Introduction of Shibarium (Layer 2 solution to increase the number of transactions per second and decrease transaction fees), expansion into DeFi and NFTs.