Shiba Inu (SHIB) is a joke token inspired by the famous Japanese hunting dog Shiba. SHIB, an altcoin created on the Ethereum (ETH) blockchain, is considered an alternative to Dogecoin (DOGE).

The Shiba Inu (SHIB) ecosystem is completely under the control of the Shiba Inu community. As a matter of fact, Shiba Inu said, “What happens if a cryptocurrency project is managed 100 percent by the community?" it was created in response to the question. The Shiba Inu community is called SHIBArmy, and SHIBARMY has about 500 thousand members. SHIBArmy members have adopted the following principles:

The project started from scratch and with zero in hand, with the spirit of creating something from nothing.

The project is not based on an existing community or team.

SHIBArmy members have a love for the Shiba type of dog.

The Shiba Inu ecosystem consists of SHIB token, LEASH token and BONE token. The ShibSwap decentralized finance (DeFi) platform, Shiba Inu Incubator and Shiboshi NFTs are also part of the Shiba Inu ecosystem.

SHIB token project

SHIB token is a cryptocurrency created on the Ethereum (ETH) blockchain in the ERC-20 standard. The SHIB token, the cryptocurrency of the Shiba Inu ecosystem and supported by SHIBArmy, started as a joke token. So it wasn't a benefit or a governance token in the first place. However, over time, as the Shiba Inu ecosystem has developed, various functions of the SHIB token have also emerged.

For example, the ShibaSwap platform is supported by the SHIB token. In the same way, it is the SHIB token that powers the Shiba Inu Incubator, which was established to support Shiboshi NFTs and artists.

In addition to the SHIB token, there are also Leash (LEASH) and Bone (BONE) tokens in the Shiba Inu ecosystem. The supply of the LEASH token is 107 thousand 646 units and is much more limited compared to the SHIB token. BONE token is the governance token of the Shiba Inu ecosystem. The SHIB token is also used to buy BONE and LEASH tokens through ShibaSwap.

Who are the founders of the Shiba Inu (SHIB) project?

Shiba Inu (SHIB) was founded in August 2020 by a person or persons using the pseudonym Ryoshi. Ryoshi has emerged as an alternative to Dogecoin (DOGE) and similar joke coins created in December 2013.

The Shiba Inu (SHIB) project is also supported by Tesla founder Elon Musk, who previously supported Dogecoin. #SHIB #DOGE #Meme #BTC #vitalik