SHIB · slow burn against a 1 quadrillion legacy.
SHIB has no mint function — the original 1 quadrillion launched in 2020 can only shrink. Shibarium L2 transaction fees and ShibaSwap trading fees buy SHIB and send it to the burn address; community burns add modestly on top. Supply drifts off market in small amounts.
SHIB ERC-20 was deployed without a mint function. Total supply at launch was 1 quadrillion and can only decrease via burns; no new SHIB can ever be created.
No team vesting or scheduled unlock schedule at launch. The original 50% sent to Vitalik Buterin was burned (90%) and donated (10%) in 2021 — a one-time historical event, not a recurring flow.
No public per-wallet registry for the founding team's holdings (the project launched anonymously). Same opacity shape as other large-treasury tokens — treated as 0 with monitored note.
No bankruptcy estate. No protocol-level long-term lock mechanism.
No revenue-funded protocol buyback that re-distributes SHIB. Shibarium fees that buy SHIB send the purchased tokens directly to the burn address — captured in Row #2.
Shibarium L2 (live Aug 2023) routes a portion of network gas fees into open-market SHIB buys that are sent to the burn address. ShibaSwap directs a portion of trading fees to the same burn pool. Voluntary community burns via the burn portal add modest extra. Last 90D net: ~574B SHIB removed from circulating (the monitor-measured supply delta).
No on-record Foundation accumulation programme.
No protocol-level long-term lock on SHIB. BONE / LEASH staking is separate from SHIB itself.
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