theblock101

    What is Shiba Inu? Overview of the meme coin SHIB project

    ByEvelyn18/03/2024
    After the growth of the Dogecoin project, Shiba Inu quickly emerged as one of the promising meme coin projects in the crypto market. So, what is Shiba Inu? What are its distinctive features? Let's explore the details of the Shiba Inu project together with Theblock101!

    1. What is Shiba Inu?

    The meme coin project Shiba Inu (SHIB) is a cryptocurrency created on the Ethereum platform, inspired by the image of the Shiba Inu dog breed, originating from Japan.

    SHIB was created in August 2020 by an anonymous or pseudonymous developer group known as "Ryoshi". Initially launched as a meme cryptocurrency, it later garnered community interest and became one of the popular cryptocurrencies in the market.

    What is Shiba Inu?
    What is Shiba Inu?

    2. Products 

    2.1. Shibarium

    Shibarium is a robust Layer 2 blockchain within the Shiba Inu ecosystem. Operating on Ethereum, Shibarium offers benefits such as scalability, fast transactions, and low fees.

    Shibarium
    Shibarium

    2.2. Shib The Metaverse

    Shiba Inu Metaverse is a virtual world built on the Ethereum platform where users can explore, build, design, and play alongside the Shiba Inu community.

    Shiba Inu Metaverse
    Shiba Inu Metaverse

    2.3. ShibaSwap

    ShibaSwap is a decentralized exchange (DEX) built on Ethereum and launched in 2021. Similar to Shiba Inu, ShibaSwap utilizes SHIB as its native token.

    ShibaSwap
    ShibaSwap

    2.4. Shiba Eternity

    Shiba Eternity is a collectible card game themed around Shiba Inu. Developed in collaboration with PlaySide Studios, it is part of the Shiba Inu Games mobile lineup and is available on Android and iOS devices.

    Shiba Eternity
    Shiba Eternity

    3. Tokenomics

    3.1. Information about Shiba Inu tokens

    • Token Name: Shiba Inu
    • Symbol: SHIB
    • Blockchain: Ethereum
    • Token Standard: ERC-20
    • Contract Address: 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce
    • Total Supply: 999,982,392,565,752

    3.2. Information about the tokens BONE and LEASH

    • BONE: BONE is the governance token for the ShibaSwap platform, with a total supply of 250,000,000 tokens. BONE will be used within Shibarium to reward validators, stakers, delegators, and others.
    • LEASH: LEASH is the second token in the Shiba Inu ecosystem, with a very limited total supply of only 107,646 tokens. Holders of LEASH enjoy privileges such as BONE rewards, access to Shiboshi NFT mining, and early participation in the Shib: The Metaverse program.
    Token information
    Token information

    4. Project information

    5. Conclusion

    By providing advanced technological solutions, Shiba Inu aims to build a comprehensive and sustainable ecosystem, creating opportunities for users to participate in and enjoy a decentralized financial and entertainment space. This information summarizes the Shiba Inu project. If there are any issues you'd like to discuss, you can join the Bigcoin Vietnam group for further clarification.

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    Disclaimer: This article is for informational purposes only, not financial advice. Join the Bigcoinchat chat group to update the latest information about the market.

    Further discussion at

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    Telegram: https://t.me/Bigcoinnews

    Twitter: https://twitter.com/BigcoinVN 

    Evelyn

    Evelyn

    Fundamentals - focused investing and active participation.

    0 / 5 (0binh_chon)

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