What is SHIBA INU?
Shiba Inu (SHIB) is a decentralized cryptocurrency that was created in 2020 by an anonymous person known only by the pseudonym Ryoshi. SHIB is an Ethereum-based ERC-20 token that was designed to compete with Dogecoin, another popular cryptocurrency. SHIB does not support smart contracts and is not backed by any asset, but it can be transferred from one user to another.
SHIB is just one of many dog-themed cryptocurrencies, but it has set itself apart by building an entire ecosystem around itself called ShibSwap. Currently, ShibSwap consists of two tokens: LEASH and BONE. LEASH is a token that originally had a rebase mechanism, but the developers recently removed it to increase the token's potential. It has a total supply of 107,646 tokens and offers various incentives and rewards on ShibSwap. BONE is a governance token that allows the #ShibArmy (the community of SHIB holders) to vote on proposals for the latest project, Doggy DAO. BONE has a total supply of 250,000 tokens.
SHIB started out as a "meme" token, but it has grown into a thriving ecosystem with its own community of holders, known as the #ShibArmy. This community is made up of talented individuals who are supported by Shiba Inu through initiatives like the Shiba Inu Incubator, which helps holders find the tools they need to bring their artwork to life. To learn more about SHIB, you can check out Kriptoks.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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