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Shiba Inu (SHIB) is another popular meme cryptocurrency, often referred to as the "Dogecoin killer." It was launched in August 2020 by an anonymous creator known as "Ryoshi."
Key Facts About SHIB:
ERC-20 Token: Built on the Ethereum blockchain, which allows it to use smart contracts and be integrated into decentralized apps (DeFi).
Ecosystem: SHIB is part of a broader ecosystem that includes:
LEASH and BONE tokens
ShibaSwap – a decentralized exchange (DEX)
Shibarium – a Layer 2 blockchain launched to reduce gas fees and increase speed
Massive Supply: Originally 1 quadrillion tokens. Half were sent to Vitalik Buterin (Ethereum's co-founder), who later burned most and donated a portion to charity.
Community-Driven: Like most meme coins, SHIB’s price is heavily influenced by social media trends, hype, and the strength of its online community.
Use Cases (Growing):
Used for payments, staking, and even NFT projects within its ecosystem.
Aimed at evolving from just a meme coin to a full DeFi ecosystem.
Would you like a price analysis, wallet options, or tips for staking or trading SHIB?