Shiba Inu (SHIB) is an Ethereum-based memecoin inspired by Dogecoin (DOGE) that was launched in 2020 by Ryoshi, an anonymous developer. According to the developers, the project was created as a response to a single question: What would happen if a cryptocurrency project was entirely run by its community?
The Shiba Inu token is their foundational currency and it allows investors to hold millions, billions, or even trillions, of it in their wallets. However, they also launched LEASH and BONE.
LEASH was originally set to be a rebase token, but then the rebase was removed. Now it has a total supply of only 107,646 tokens, it is the second token incentivized on ShibaSwap and it will offer lucrative rewards for the holders providing its liquidity.
BONE has 250,000,000 tokens, and is designed to fit perfectly between the previous two tokens in regards to circulation supply. It is a Governance token which will allow the #ShibArmy to vote on upcoming proposals.
SHIB, LEASH, and BONE, come together to create ShibaSwap, which gives users the ability to DIG (provide liquidity), BURY (stake), and SWAP tokens to gain WOOF Returns through a passive income reward system. The platform also allows the ShibArmy to access upcoming NFTs and additional tools, such as portfolio trackers.
According to CoinMarketCap, the price of Shiba Inu (SHIB) at the moment of writing this article is US$0,000030 with a 24-hour trading volume of US$639.058.810. SHIB is currently number 14 in CoinMarketCap’s ranking, with a live market cap of US$16.711.302.176. It has a circulating supply of 549.063.278.876.302 SHIB coins and the maximum supply is not available.The top cryptocurrency exchanges for trading in Shiba Inu stock are currently Binance, OKEx, Mandala Exchange, CoinTiger, and FTX.