SHIB
Shiba Inu (SHIB) is an Ethereum-based meme coin that gained massive popularity as a "Dogecoin killer." Launched in August 2020 by an anonymous developer known as Ryoshi, SHIB is part of a broader Shiba Inu ecosystem, which includes decentralized finance (DeFi) features, NFTs, and a growing utility beyond its meme status.
Shiba Inu was initially designed as an experiment in decentralized community building, with a significant portion of its supply given to Ethereum’s co-founder Vitalik Buterin, who later burned most of his holdings. Unlike Dogecoin, SHIB operates on the Ethereum network, making it compatible with smart contracts and DeFi applications.
Key Features of Shiba Inu (SHIB):
- ERC-20 Token: SHIB runs on Ethereum, allowing integration with DeFi platforms.
- ShibaSwap: A decentralized exchange (DEX) built for SHIB and its ecosystem tokens.
- Shibarium: A Layer-2 blockchain designed to improve transaction speed and reduce Ethereum gas fees.
- Ecosystem Tokens: Includes LEASH (for staking rewards) and BONE (used for governance in ShibaSwap).
- NFT and Metaverse Integration: The project has expanded into NFTs and virtual land sales within its "Shiba Metaverse."
Despite its meme coin origins, Shiba Inu has evolved into a community-driven ecosystem with increasing real-world use cases. Its massive social media following and active development continue to keep it relevant in the crypto market.