What is Shiba Inu (SHIB)

Shiba Inu (SHIB) began as a meme blockchain experiment centered on informal community governance, but the project has made major efforts to distinguish itself from Dogecoin (DOGE) and other meme coins by developing a distinct three-token ecosystem with explicitly specified use cases. Its BONE, LEASH, and SHIB tokens are ERC-20 interoperable tokens that provide use cases such as ShibaSwap, a decentralized exchange (DEX), community-wide charity activities, and a non-fungible token (NFT) incubator. The spectacular growth of its SHIB token, as well as the project's tokenomic liquidity gambit involving Ethereum developer Vitalik Buterin, garnered global attention.

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