Shiba inu: Here are the main features of Shiba Inu coins:
🔹 1. ERC-20 Token
Blockchain: Built on the Ethereum blockchain.
Compatibility: Works with Ethereum-based DeFi apps, wallets, and smart contracts.
🔹 2. Large Supply
Initial Supply: 1 quadrillion SHIB.
Burning Mechanism: A portion of SHIB tokens has been burned (sent to a dead wallet), reducing supply over time to increase scarcity.
🔹 3. ShibaSwap
A decentralized exchange (DEX) where users can:
Swap tokens
Stake SHIB, LEASH, and BONE (other tokens in the Shiba ecosystem)
Provide liquidity
Earn rewards
🔹 4. Multi-Token Ecosystem
SHIB: Main currency and community token.
LEASH: Originally meant to be a rebase token but now functions as a store of value with a limited supply.
BONE: Governance token used to vote on proposals via Doggy DAO.
🔹 5. Doggy DAO
Decentralized Autonomous Organization for community governance.
Token holders can vote on changes and proposals in the ecosystem.
🔹 6. Strong Community
Known as the “ShibArmy”, one of the most active crypto communities.
Community-driven development and marketing.
🔹 7. Shibarium (Layer 2)
A Layer 2 blockchain built to reduce transaction fees and improve scalability.
Built on top of Ethereum, supports faster and cheaper transactions.
Supports SHIB-related applications and NFTs.
🔹 8. NFT Support
Shiba Inu has its own NFT collection: “Shiboshis”.
NFTs are part of its ecosystem and can be used in future gaming or metaverse projects.
🔹 9. Listings on Major Exchanges
Listed on top platforms like Binance, Coinbase, KuCoin, and others, making it accessible for trading and investment.
🔹 10. Charity and Community Initiatives
Shiba Inu has been involved in charity donations, including large contributions to COVID-19 relief in India (Vitalik Buterin donated SHIB from the supply sent to him).