Exploring Shikoku: The Cryptocurrency Token Making Waves in TikTok

2023-03-21, 07:54

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![](https://gimg2.gateimg.com/blog/1679447253155655279redian.jpeg)
Shikoshi developed the Shikoku  Inu (SHIK) to solve various problems which human beings face.

The Founder of Shikoku Inu gave 500 trillion SHIK to Vitalik Buterin.

<a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a>, <a href="/uk/price/shiba-inu-shib" target="_blank" class="blog_inner_link">Shiba Inu</a>, <a href="/uk/price/safemoon-sfm" target="_blank" class="blog_inner_link">SafeMoon</a>, MonaCoin and Floki Inu are examples of top memecoins.

Keywords: Shikoku coin, Shikoku crypto, Shikoku meme, Shikoku Inu, <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a>, memecoin, <a href="/uk/price/shiba-inu-shib" target="_blank" class="blog_inner_link">Shiba Inu</a>, Floki Inu, <a href="/uk/price/safemoon-sfm" target="_blank" class="blog_inner_link">SafeMoon</a> MonaCoin
## Introduction 
memecoins are a key part of the cryptocurrency market at the moment which also has a large community following.  Interestingly, the number of such cryptocurrencies continues to increase. Shikoku Inu is one of the recent additions to the memecoin category and is performing well on the market. 
## What is Shikoku? 
[Shikoku coin](https://www.gate.io/price/shikoku-shik "Shikoku coin") is a memecoin which powers the Shikoku Inu Decentralized Ecosystem tools and applications. Launched on the <a href="/uk/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> blockchain on 7 November 2022, Shikoku Inu has a maximum supply of 1 quadrillion. It derives its name from a Japanese breed of dog found on Shikoku Island. 
![](https://gimg2.gateimg.com/image/article/16793849491.png)
Shikoku Inu - Utoday

Shikoshi, the founder of Shikoku crypto, aims to use the token to solve real problems which many people around the world face. In fact, this memecoin has no limited number of owners. Anyone who invests in it becomes an owner and has the mandate to make decisions on the Shikoku project. This is because there is no permanent allotment of the token to the owners.

It is important to note that Shikoshi Sanada is a pseudonym for the founder of Shikoku Inu. This means that, currently, no one knows the real identity of the creator of Shikoku cryptocurrency. He/she is as unknown as the <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> owner, Satoshi Nakamoto.

**Read also: [How to buy Shikoku?](https://www.gate.io/how-to-buy/shikoku-shik "How to buy Shikoku?")**

Already, the Shikoku Inu token is listed on various crypto exchanges. Unlike other cryptocurrencies which people can purchase directly using fiat currencies, you cannot do that with Shikoku. What this means is that if you want that memecoin you first purchase any major cryptocurrency such as Ether (ETH) and convert it to Shik. 
### Shikoku and Vitalik Buterin
A few months after the launch of Shikoku meme, its founder Shikoshi gave the <a href="/uk/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> blockchain founder half of the tokens as a thank you. However, Shikoshi requested Buterin to burn 47% of the tokens, donate 2% to various charitable organizations and keep 1% to spend during his leisure time. However, when Buterin sold 500 trillion Shik, its price fell sharply.

**Read also: [Vitalik Buterin Has Updated Ethereum’s Roadmap](https://www.gate.io/blog_detail/487/single-slot-finality-vitalik-buterin-has-updated-ethereum-s-roadmap "Vitalik Buterin Has Updated Ethereum’s Roadmap")**

According to the Shikoku team, the proceeds from the sale of the token will be channelled towards the development of the <a href="/uk/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> blockchain, as the tweet indicates. 
![](https://gimg2.gateimg.com/image/article/16793850572.png)
Shikoku donation to Buterin - Twitter

According to another analyst the reason why Buterin sold the SHIK tokens could be to avoid a possible tax obligation. 
### Shikoku Inu TikTok Craze
The Shikoku created much sensation on TikTok as many people created videos they shared with others. What has made it very popular is its filter featuring its “namesake pooch.” Also, some crypto loving individuals can participate on Shikoku Twitter to keep its account active. 
## Other memecoins 
As we know, there are many memecoins on the market which include <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a>, <a href="/uk/price/shiba-inu-shib" target="_blank" class="blog_inner_link">Shiba Inu</a>, Floki Inu [and Safemoon](https://www.gate.io/trade/SAFEMOON_USDT "and Safemoon"), among others. Therefore, memecoin fanatics have a wide choice to invest in. Right now, let’s focus on the leading memecoins. However, let’s first understand what a memecoin is.

In basic terms, a memecoin is a cryptocurrency which does not have fundamental value and does not have any use cases. However, people use these tokens as a means of exchange. What this means is that most memecoins are used for speculative purposes. 
### <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> (DOGE) 
The <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> is the first memecoin, created by Billy Markus and Jackson Palmer in 2013.  Although the main purpose of the dog-themed memecoin was to make a mockery of the existing cryptocurrencies it rose to become one of the most expensive tokens. Currently, it is ranked number 9 on CoinMarketCap with a market capitalization of over $9 billion.

**Read also: <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a>: [Why is Vitalik Buterin Against it?](https://www.gate.io/blog_detail/86/dogecoin-why-is-vitalik-buterin-against-it-will-scaling-increase-its-popularity "Why is Vitalik Buterin Against it?")**

![](https://gimg2.gateimg.com/image/article/16793850783.png)
<a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> - Beincrypto
### Shibu Inu (SHIB)
The Shibu Inu, an ERC20 token developed by “Ryoshi '' and dubbed the <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> killer, was launched in August 2020. Like many other memecoins Shibu, with a maximum supply of 1 quadrillion, does not have any intrinsic value. With a current market capitalization of over $6 billion and ranked number 13 by market capitalization, SHIB  is listed on major exchanges [including Gate.io](https://www.gate.io/how-to-buy/shiba-inu-shib "including Gate.io").

**Read also: [What is Shiba Inu coin?](https://www.gate.io/en/learn/articles/what-is-shiba-inu-coin/23 "What is Shiba Inu coin?")**
### Baby <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> (BABY DOGE) 
The Baby <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> is one of the most popular memecoin that exists on many crypto exchanges. It is an alternative investment asset to SHIB and <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a>. The team claims that the aim of Baby <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> is to make cryptocurrencies accessible to many people. Notably, the project team has been donating this memecoin to animal charitable organizations. 
### Mona Coin 
MonaCoin, launched in 2013, is based on a cat-like creature called Mona, which is popular in “2channel” a Japanese social community. This cryptocurrency, which uses Lyra2RE hashing algorithm, is a fork of <a href="/uk/price/litecoin-ltc" target="_blank" class="blog_inner_link">Litecoin</a>. The Monacoin, created by a person with a pseudonym “Mr. Watanabe,” is used widely in Japan where it is accepted in several retail shops 
### <a href="/uk/price/safemoon-sfm" target="_blank" class="blog_inner_link">SafeMoon</a>
<a href="/uk/price/safemoon-sfm" target="_blank" class="blog_inner_link">SafeMoon</a>, based on Binance Smart Chain and launched in March 2021, is a community driven cryptocurrency. It discourages the pump and dump mentality as its long term investors get a share of its transaction fee. 
## Conclusion
The Shikoku is one of the trending memecoins which people can use as a means of exchange. Significantly, anyone who holds it becomes part of its  community of owners who can participate in its governance through decision making. The other popular memecoins include <a href="/uk/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a>, Shibu Inu, MonaCoin, Floki Inu and <a href="/uk/price/safemoon-sfm" target="_blank" class="blog_inner_link">SafeMoon</a>.

<div class="blog-details-info">
<div>Author:** Mashell C.**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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