Shiba Inu coin (SHIB) is a meme-based cryptocurrency named after a dog breed. It was created in 2020 by an anonymous developer named Ryoshi as part of a group of dog-themed cryptocurrencies. It is designed to be an Ethereum-compatible alternative to Dogecoin (DOGE). According to the SHIBA INU website, SHIB champions itself as the "Dogecoin Killer".

SHIB is an ERC-20 token and is currently transitioning to a Proof of Stake consensus mechanism. The SHIB ecosystem consists of a decentralized exchange called ShibaSwap. It also supports an NFT art incubator that invites dog-inspired artists around the world to bring their Shiba Inus into the NFT market.

Shiba Inu started with a circulating supply of one quadrillion, where its founder Ryoshi locked 50% of the token in Uniswap’s decentralized exchange to create liquidity. The other 50% of the token was sent to Ethereum co-founder Vitalik Buterin’s wallet and most of which were burned. The Shiba Inu coin is available on Binance and trades as SHIB.

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