👇🏻SHIBA INU ( $SHIB )👇🏻

Shiba Inu Coin (ticker symbol: SHIB) is a decentralized, dog-themed cryptocurrency that launched in August 2020 by an anonymous creator known as Ryoshi. It’s often referred to as a “meme coin” and was built as an Ethereum‑based alternative to $DOGE —but with ambitions far beyond mere internet hype.

Key aspects in brief:

Ethereum-powered ecosystem: SHIB is an ERC‑20 token on the Ethereum blockchain, meaning it leverages Ethereum’s smart contract infrastructure rather than operating on its own blockchain.

Massive initial supply: At launch, a staggering 1 quadrillion tokens were minted. Half were locked to provide liquidity on Uniswap, while the other half were sent to Ethereum co‑founder Vitalik Buterin, who dumped 90% and donated the remainder to charity—burning about 40% of total supply.

Three-token ecosystem:

SHIB: the main token used for trading and payments.

LEASH: with a fixed supply of about ~107,000 tokens, originally featured a rebasing mechanism; now a store-of-value asset within the ecosystem.

BONE: the governance token (max supply ~250 million), enabling participation in the Doggy DAO and rewarding liquidity providers.

Functional utilities:

ShibaSwap: a decentralized exchange (DEX) where users can trade SHIB, stake (called “bury”), provide liquidity (“dig”) and earn BONE rewards (“woof”).

Shibarium: a Layer‑2 blockchain launched in August 2023 to lower fees and improve speed within the SHIB ecosystem.

NFTs & gamified features: The ecosystem includes Shiboshis (10,000 NFTs), an NFT gaming experience, and artist support programs. Unique mechanics—such as renaming Shiboshis costing $100 in SHIB which is then burned—help reduce circulating supply.

Built around a passionate community known as the SHIB Army, Shiba Inu has evolved from a meme-based experiment into a multi-faceted crypto ecosystem combining DeFi tools, NFTs, and gaming elements.

👆🏻That’s the short intro👆🏻

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