Exchange SHIBA INU (SHIB)

Shiba Inu is a decentralized meme token that aspires to be an Ethereum-version of the most known meme asset Dogecoin. The name comes from the Japanese dog breed Shiba Inu. It has become a rival of Doge from its launch time. The crypto Shiba Inu was created to be completely run by the community to provide 100% decentralization as a way to build a stronger ecosystem.

The project was launched in 2020 by an anonymous founder under the nickname Ryoshi. The supporters of Shiba Inu became known as Shiba Army from the first days. This group of users consists of talented individuals from all over the world, including developers, designers, marketers, shillers, and moderators. The members of the community follow the idea of development and growth. 

SHIB token is not supporting smart contracts and is not backed by anything. The project team implemented the whole ecosystem called ShibaSwap which consists of two tokens: LEASH (Doge Killer) and BONE (Bone Shiba Swap). LEASH has a total supply of 107 646 tokens and originally was a rebase token to track the price of SHIB, but recently the developers decided to remove the rebase to increase the potential of the asset. BONE has a max supply of 250 million and serves as a governance token for the system that allows its holders to vote for the proposals on the latest project Doggy DAO. Shiba Artist Incubator is the part of the ecosystem that helps holders to create and promote their NFTs. 

In October 2021 Shiba Inu launched the “Shiboshi” NFT collection on the Ethereum network and also announced the upcoming NFT Shiboshi game. The Shiba Inu developers are also working on creating a virtual world for the community members - Shiba Inu Metaverse, that will offer exclusive features for the holders of the Shiba Inu NFTs. 

The pandemic of 2020 caused the rise of the meme-tokens and Shiba Inu was among the biggest gainers, partly thanks to the social media influencers like Elon Musk, who supported meme cryptocurrencies. By November 2021 the SHIB token price gained over 60 000 000% and even with the following price correction increased by more than 40 000 000% over 2021. 

Interestingly 50% of SHIB total supply was sent or safely burned to Vitalik Buterin to create a vulnerable point, as its Whitepaper (Woof paper in the case of Shiba Inu) states. Another 50% were locked in Uniswap for liquidity. Buterin, though, burned 90% of the tokens and donated the rest 10% to the Indian COVID-19 Relief Fund.