What Is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a cryptocurrency created in August 2020 by an individual or group named Ryoshi, whose identity remains a mystery. This Ethereum-based cryptocurrency, named after the Shiba Inu, a dog breed originating in Japan, has been dubbed the "Dogecoin killer" and is seen by the market as an alternative to Dogecoin (DOGE). SHIB, an ERC-20 token, is the native token of the Shiba Inu network. Users can earn interest by participating in liquidity pools and depositing their tokens into ShibaSwap's SHIB pool. Moreover, the Shiba Inu team is currently developing a metaverse project called “SHIB: The Metaverse”. SHIB holders can buy land within this metaverse, acquire NFTs, and interact with other tokens. The mascot of Shiba Inu is the Shiba Inu dog, which has become a symbol of the community. The token is often referred to as “memecoin” on the platform's official website.