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Last updated on 09/29/2023 5:17 PM
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What is Shib?
Shiba Inu (SHIB) is an Ethereum-based token, or ERC-20, inspired by the dog breed with the same name and created in August 2020 by a mysterious person publicly known as Ryoshi. The asset is considered a meme coin since, like Dogecoin, the emblem Japanese breed dog of Shiba Inu ignited a nonstopping trend of memes. The altcoin was designed to introduce a cryptocurrency run entirely by its community. The Shiba Inu ecosystem is made up of the tokens Leash (LEASH), Bone (BONE) and Shiba Inu (SHIB). Of the 1 quadrillion of SHIB's total supply, half is held in a liquidity pool on Uniswap and the rest was given to Vitalik Buterin, Ethereum's co-founder who burned a significant amount and donated the rest to a Covid Relief Fund in India.
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