About SHIBA INU (SHIB)
Shiba Inu (SHIB) is a decentralized cryptocurrency created in 2020 by an anonymous person under the pseudonym Ryoshi.Ā Ā
The SHIB token is an Ethereum-based ERC-20 token that was created as a direct competitor to Dogecoin. The token does not support smart contracts and is not backed by any asset. However, it can be transferred from one user to another.
SHIB is one of many dog-themed cryptocurrencies. However, unlike dogecoin, SHIB is building an entire ecosystem around itself named ShibSwap. As of now, ShibaSwap consists of two tokens: LEASH and BONE.
LEASH was originally a rebase token but the developers recently removed the rebase to increase the potential. It has a total supply of 107,646 tokens, offering different incentives and rewards on ShibaSwap.Ā
BONE is a governance token that allows the #ShibArmy to vote on upcoming proposals for theĀ latest project, Doggy DAO. BONE has a total supply of 250,000
SHIB token was born from the idea of being just another "meme" token, but over time has become its own ecosystem backed by a growing community.Ā Read more on the coin at Binance Academy here.
The #ShibArmy consists of talented individuals, which Shiba Inu supports by cultivating an environment that incentivizes activity and growth. The Shiba Inu Incubator was created to help holders find the tools to bring their artwork to life.