Shiba Inu (SHIB)

Shiba Inu is an ERC20 meme token, part of the Shiba ecosystem. The token was created in August 2020 by an anonymous developer nicknamed “Ryoshi”. SHIB has gained popularity and started to grow in value since its inception. The cryptocurrency runs on the Ethereum blockchain and has a Proof-of-Work consensus type.

The Shiba Inu ecosystem consists of three projects. These are the token, the ShibaSwap token exchange and the BONE service, where holders can vote on the fate of token development. Since a single token is practically worthless, many holders keep millions and billions of tokens in their wallets. To buy a token, you need to have Ethereum on your web3 wallet and connect to the ShibaSwap platform, where you can exchange cryptocurrency for SHIB.

The creators of the token support the user community in every way possible. They have the Shiba Inu Dog Rescue Foundation, which helps dogs with participation in Amazon Smile program. This is a text from site cr​yptodefix. The developers also support The ShibArmy community, where people create art objects dedicated to the Shiba Inu.

Shiba Inu specifics

• Its own ecosystem
• Community support
• Internal decentralized exchange
• Stocking option
• Proprietary NFT