What is it?
Shiba Inu is a meme coin inspired by Dogecoin and created with a similar humorous dog theme. Like Dogecoin, Shiba Inu is an ERC-20 token based on the Ethereum blockchain rather than its own blockchain. It is traded under the symbol SHIB.
Why
Shiba Inu was created inspired by the success of Dogecoin. After Dogecoin's price rose significantly in 2021, investors turned to other meme coins that could experience a similarly rapid rise in value. Shiba Inu gained popularity thanks to this interest.
When
Shiba Inu was created in August 2020 by a person with the pseudonym Ryoshi.
Where (Where)
Shiba Inu is a decentralized cryptocurrency, meaning it is not controlled by any central authority. SHIB tokens can be bought and sold on various cryptocurrency exchanges.
Kim (Who)
Shiba Inu was created anonymously. The real identity of the creator, who uses the pseudonym Ryoshi, is unknown.
How (How)
Shiba Inu is an ERC-20 token based on the Ethereum blockchain. ERC-20 tokens are created on the Ethereum blockchain using smart contracts. SHIB tokens can be obtained by exchanging them for other cryptocurrencies such as Bitcoin or Tether (USDT) on various cryptocurrency exchanges.
The team behind Shiba Inu has launched a decentralized exchange (DEX) under the name ShibaSwap. SHIB tokens can be staked or exchanged for other cryptocurrencies on ShibaSwap.
Remember, there are warnings that meme coins like Shiba Inu have high volatility and should be researched carefully before investing.