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About Shiba Inu (SHIB)
What is Shiba Inu (SHIB)?Shiba Inu (SHIB) is a meme coin or meme token launched in August 2020, 7 years after Dogecoin was created. Like Dogecoin, Shiba Inu Coin is also based on the Doge meme, which features a Shiba Inu dog. Even out loud, Shiba Inu Coin calls itself the “Dogecoin Killer.”
Through its whitepaper, Shiba Inu is a community-driven crypto project, which means that the decentralized Shiba Inu community, otherwise known as “ShibArmy,” will be in charge of the cryptocurrency and its development. Based on the latest data, the Shiba Inu (SHIB) project has more than 500 thousand community members.
Shiba Inu is built on the Ethereum (ETH) blockchain so that it can run smart contracts. Through smart contract technology, Shiba Inu can work with decentralized applications.
Who is Behind Shiba Inu?An anonymous person created Shiba Inu Coin (SHIB) under the pseudonym “Ryoshi.” As mysterious as the creator of Bitcoin, until this article was written, it was not yet clear who is the actual creator behind the Shiba Inu (SHIB) coin meme.
Even in a blog on Shiba Inu Medium, Ryoshi insists that information about himself is not very important to give to Shiba Inu fans on the internet.
What is the purpose of Shiba Inu (SHIB)?SHIB, SHIB Inu’s native token, can be used on ShibaSwap decentralized exchange (DEX) to earn yields and buy NFT in Shiba Inu’s ecosystem, including The Shiboshi.
ShibaSwap is one of Shiba Inu’s projects that can accommodate liquidity farming, DeFi farming, NFT launchpad, token staking, and other exciting services.
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