Shiba Inu (SHIB) is a decentralized cryptocurrency that was created in August 2020 by an anonymous person or group known as "Ryoshi." It is an Ethereum-based token that started as a "meme coin," similar to Dogecoin, and has since developed into a multi-token ecosystem.

Here are some key details about the SHIB token:

1. Ecosystem and Tokens:

* SHIB: This is the foundational and primary token of the Shiba Inu ecosystem. It is an ERC-20 token built on the Ethereum blockchain.

* BONE: The Bone token is the governance token for the ecosystem. It allows members of the community (known as the "Shib Army") to vote on proposals through the Doggy DAO.

* LEASH: Leash is a highly limited token (with a total supply of only 107,646) that offers exclusive benefits to holders, such as BONE rewards and access to special sales.

2. Supply and Distribution:

* The total supply of SHIB was initially capped at one quadrillion (1,000,000,000,000,000).

* A significant portion of the initial supply was sent to Ethereum co-founder Vitalik Buterin, who then burned a large amount and donated the rest to charity. This act removed a massive number of tokens from circulation and is a notable event in the token's history.

3. Purpose and Utility:

* While it started as a meme coin, the Shiba Inu ecosystem has expanded to include various projects aimed at providing utility.

* ShibaSwap: This is the project's decentralized exchange (DEX) where users can "bury" (stake) and "dig" (farm) their tokens to earn rewards.

* Shibarium: This is the Layer-2 blockchain for the Shiba Inu ecosystem, designed to provide faster and cheaper transactions.

* Shiboshis: These are a collection of 10,000 unique Shiba Inu non-fungible tokens (NFTs) that are tradable on ShibaSwap.

4. Performance and Market:

* SHIB gained significant popularity and experienced a massive price surge in 2021, which earned it the nickname "Dogecoin Killer."

* Its market capitalization and trading volume are among the top-ranked cryptocurrencies, and it is available for trading on most major cryptocurrency exchanges, including Binance