Shiba Inu (SHIB) is a decentralized meme token launched in August 2020 by an anonymous person or group under the pseudonym "Ryoshi." It's inspired by the Shiba Inu dog breed, the same one used as the mascot for Dogecoin, another popular memecoin.
SHIB runs on the Ethereum blockchain and has a massive total supply, exceeding one quadrillion tokens. Unlike Bitcoin, which is designed to be scarce, SHIB's abundance contributes to its memecoin status.
The Shiba Inu token ecosystem includes:
* SHIB: The key token functioning as a decentralized, community-driven currency.
* LEASH: Limited to 107,646 tokens, it rewards loyal holders with exclusive benefits.
* BONE: The governance token with a 250 million supply, allowing holders to participate in voting within the Shiba Inu ecosystem.
