1) The Shiba Inu coin or $SHIB is an ERC-20 altcoin built on Ethereum. Created by an anonymous individual going by the name Ryoshi, who called it the ‘Dogecoin Killer’, SHIB is an experiment in decentralized spontaneous community building.
2) There are almost 400 trillion SHIB tokens in circulation, with a max supply of one quadrillion tokens. The token first came to publicity when Ryoshi donated half the token’s supply to Vitalik Buterin, calling him a friend of SHIB.
Why buy SHIB?
1) The Shiba Inu creators have created an ecosystem of three coins known as SHIB, LEASH and BONE and a decentralized exchange called ShibaSwap.
2) The team behind the tokens has also created a decentralized exchange known as ShibaSwap, that allows users to “dig” (provide liquidity), “bury” (stake coins), “fetch” (retrieve tokens from Uniswap or SushiSwap) and swap coins.