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Shiba Inu cryptocurrency.

Shiba Inu cryptocurrency.
Answer
1/28/22 4:45 PM
Shib Coin is an ERC-20 token on the Ethereum blockchain, named after Shiba Inu dogs. On the official website of the project, the tokens themselves are called "Meme Coins". The project was launched in August 2020.

The founder of Shiba, hiding under the nickname Ryoshi, chose the Ethereum blockchain for a reason. He believes that unlike most other networks, Ethereum is truly decentralized, secure, and well-established. According to the founder of Shiba, it is Ethereum that allows you to create free decentralized communities.


On the project’s website, the token itself is called the “Dogecoin killer”, and it is said that its main task is to surpass the total capitalization of Elon Musk’s favorite coin without crossing the price mark of $0.01. The Shib whitepaper, which the authors jokingly call "woofpaper", says that Shib is an experiment in the spontaneous construction of a decentralized community.

The creators of Shiba were inspired by the WallStreetBets community, which inflated the value of the shares of GameStop and a number of other companies. The creators of Shiba call their community "Shib Army". According to their estimates, this "army" already includes more than 120 thousand people.

Shiba's main goal is to create the best Decentralized Ecosystem (DECO) on the planet. The first step towards this will be the creation of a decentralized exchange Shiba Swap. On the exchange, it will be possible to engage in profitable farming and liquidity mining through the coins of the Shib ecosystem. Also, as part of the development of the ecosystem, the Shib team will issue its NFT tokens and a new Bone coin. There is already a second coin in the ecosystem, Leash. Its total supply is only 100 thousand coins, and the cost is $1.8 thousand, according to Coinmarketcap.