Shiba Inu (SHIB) #SHIBA🚀 is a cryptocurrency inspired by the Shiba Inu dog breed, and it's often considered a meme coin. It's an ERC-20 token, meaning it runs on the Ethereum blockchain. SHIB was launched in 2020 with the goal of creating a community-driven cryptocurrency. 

Here's a more detailed look at Shiba Inu:

Key Features:

Meme Coin:

SHIB, like Dogecoin, is a meme-inspired cryptocurrency, meaning it gained popularity through online communities and memes. 

Ethereum-Based:

It is an ERC-20 token, making it compatible with the Ethereum blockchain and its ecosystem. 

Community-Driven:

The project emphasizes community involvement and aims to be a decentralized platform. 

Large Supply:

SHIB has a total supply of 1 quadrillion tokens, designed to be abundant like other meme coins. 

Ecosystem:

The Shiba Inu ecosystem includes SHIB, LEASH, and BONE tokens, as well as ShibaSwap, a decentralized exchange. 

ShibaSwap:

ShibaSwap is a decentralized exchange (DEX) where users can trade, stake, and provide liquidity for various tokens, including SHIB. 

Shiba Inu Ecosystem:

The ecosystem also supports projects like an NFT art incubator. 

Why was it created?

SHIB was created as a decentralized, community-led currency with a focus on creating something from nothing. 

The creators wanted to see what would happen if a cryptocurrency project was 100% community-driven. 

How does it work?

SHIB operates on the Ethereum blockchain and follows the ERC-20 token standard, allowing users to interact with it using Ethereum wallets and trade it on Ethereum-based exchanges. 

The token uses smart contracts to enable decentralized finance (DeFi) applications and interactions.