🐕 What Is Shiba Coin (SHIB)?
Shiba Inu (SHIB) is a decentralized cryptocurrency — often called a meme coin (a token inspired by internet culture and memes). It was launched in August 2020 by an anonymous person or group known as “Ryoshi.” The name and logo feature the Shiba Inu dog breed, similar to how Dogecoin uses the same dog as its mascot. (Wikipedia)
📌 Key Characteristics
Token Name: Shiba InuTicker Symbol: SHIBBlockchain: Runs on Ethereum (as an ERC-20 token) — meaning it uses Ethereum’s network and smart contracts. (Capital.com)Type: Meme coin / community token, not mined like Bitcoin. (Gemini)Total Supply: Originally huge (1 quadrillion tokens), making each token very inexpensive. (Wikipedia)
🚀 Purpose & Ecosystem
Shiba Inu started largely as a fun, community-driven project (sometimes described as a Dogecoin competitor or “Dogecoin killer”). Over time it has developed beyond just being a meme token: (CoinMarketCap)
✅ ShibaSwap – A decentralized exchange where users can trade, provide liquidity, or stake tokens. (Capital.com)
✅ Shibarium – A Layer-2 blockchain project designed to make transactions faster and cheaper. (CoinMarketCap)
✅ Multi-token system – Aside from SHIB, the ecosystem has BONE (governance and staking) and LEASH (scarcer token with special features). (Capital.com)
✅ NFTs & Metaverse Plans – Projects like “SHIB: The Metaverse” are under development. (Capital.com)
🧠 Community & Governance
Shiba Inu is known for its strong community, often called the “SHIB Army.” The project attempts to operate with decentralized decision-making, giving holders influence over future developments via governance tokens like BONE. (CoinMarketCap)
🔥 Interesting Events
In 2021, Vitalik Buterin (Ethereum co-founder) was sent a large portion of SHIB’s supply; he donated much for COVID relief and burned a lot, reducing circulating supply. (Wikipedia)
⚠️ Important Notes
Crypto markets are highly volatile and meme coins especially can swing widely in price. (Capital.com)Shiba Inu’s utility beyond community and ecosystem projects is still developing, and investing carries risk.
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