About the coin

Shiba Inu (SHIB) started as a meme token, capturing the playful spirit of the internet and cryptocurrency enthusiasts. It has since evolved into a decentralized ecosystem, gaining significant attention and popularity. The token's journey began with a unique distribution strategy, where 50% of its total supply was allocated to Vitalik Buterin's Ethereum wallet.

Main features

One of the most notable events in Shiba Inu's history was when Vitalik Buterin donated 10% of his SHIB holdings to a COVID-19 relief effort in India. This donation, valued at approximately $1 billion at the time, became one of the largest philanthropic contributions ever made. The remaining 40% of the initial allocation was permanently burned, reducing the total supply and potentially increasing the token's value.

How it works

The Shiba Inu community has been actively developing its ecosystem. A significant milestone was the launch of Shibaswap, a decentralized exchange that introduced two new tokens: LEASH and BONE. LEASH is characterized by its scarce supply and is used to provide incentives on the Shibaswap platform. BONE serves as the governance token, allowing holders to participate in decision-making processes through voting on proposals within the Doggy DAO.