What is SHIBA INU (SHIB)

1. Project Introduction

1. What Is Shiba Inu? Shiba Inu is a dog-themed meme cryptocurrency named after the Japanese Shiba Inu breed. It was created in 2020 by an anonymous developer known as Ryoshi to replace Dogecoin (DOGE) on the Ethereum blockchain. It aims to become a truly decentralized cryptocurrency backed by its community. The Shiba Inu ecosystem currently has three tokens: SHIB, BONE, and LEASH. 2. How Does Shiba Inu Work? Shiba Inu's ecosystem products include Shibarium, a Layer 2 blockchain solution, Shib The Metaverse, a metaverse project, and Shibaswap, a decentralized exchange. Shibarium: Shibarium is a cost-effective Layer 2 scaling solution to Ethereum's blockchain. ShibaSwap: Launched on Shibarium and Puppynet, the goal of ShibaSwap is to provide a safe place for the community to trade tokens on a decentralized exchange, while offering special incentives and rewards to those who contribute to the ecosystem, such as liquidity providers. 3. Who Founded Shiba Inu? Ryoshi: Primary developer, anonymous. Shytoshi Kusama: Lead developer. Funding: In April 2024, the Shiba Inu team raised $12 million by selling its unreleased token, TREAT, to non-US venture capitalists, with participation from Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital, and Comma 3 Ventures. 4. Shiba Inu Tokenomics SHIB has a total supply of 1 quadrillion tokens. Upon its launch, Ryoshi locked 50% of the supply in Uniswap to create liquidity and sent the remaining 500 trillion SHIB tokens to Ethereum co-founder Vitalik Buterin. 5. Timeline of Key Milestones In August 2020, the $SHIB token was officially launched, created by an anonymous developer named “Ryoshi”. In April 2024, Shiba Inu secured $12 million in funding.​

2. Team & Investment Info

3. Social Media URLs

4. Token Info

5. Related Links