Shiba Inu (SHIB) is a cryptocurrency token that gained significant attention in the cryptocurrency space.
Shiba Inu coin was launched as an experiment and aims to replicate the success of Dogecoin, one of the most popular meme cryptocurrency. The token’s name and branding are inspired by the Shiba Inu dog breed, which is also the mascot of Dogecoin.
SHIB is primarily used within the Shiba Inu ecosystem. At its core, SHIB was designed as a decentralized experiment in which the community holds and trades SHIB tokens.
SHIB has a large supply of tokens, with quadrillions of tokens in circulation.
Community-driven token
The Shiba Inu project is community-driven, meaning that the development and direction of the project are influenced by its community of supporters. This includes decisions related to tokenomics, marketing, and various initiatives.
SHIB Token vs. Leash Token and Bone Token
In addition to SHIB, the Shiba Inu ecosystem includes other tokens, including Leash (LEASH) and Bone (BONE). Leash is a limited-supply token that was originally meant to have different use cases, while Bone is used in yield farming and other DeFi-related activities within the ShibaSwap decentralized exchange.
Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by CoinIdol. They are not a recommendation to buy or sell cryptocurrency. Readers should do their research before investing in funds.
Source: https://coinidol.com/shiba-inu-shib-token/