Shiba Inu (SHIB) has surged in popularity as a meme cryptocurrency, often dubbed the "Dogecoin Killer." With its roots in Ethereum and a vibrant ecosystem including decentralized finance (DeFi) and NFTs, SHIB has captured global attention. Let’s dive into its origins, tokens, and future roadmap.
Introduction to Shiba Inu
Shiba Inu is a decentralized meme token ecosystem built on Ethereum. Created in August 2020 by an anonymous founder known as Ryoshi, it features the Shiba Inu dog meme—similar to Dogecoin (DOGE)—but with a robust DeFi and NFT vision. Its native token, SHIB, gained traction after listings on major exchanges like Binance, causing unprecedented demand.
Key Features:
- Decentralized Ecosystem: Includes ShibaSwap (a DEX), NFTs, and governance tokens.
- Community-Driven: Over 124,250 holders (as of April 2021) and a supply of 1 quadrillion SHIB tokens.
- Vitalik Buterin’s Involvement: 50% of SHIB’s supply was sent to Ethereum co-founder Vitalik Buterin as a symbolic burn.
Shiba Inu Tokens
1. SHIB Token
- Role: Primary currency of the ecosystem.
- Supply: 1 quadrillion minted, with 50% locked in Uniswap for liquidity.
- Performance: Achieved a 2,507,392.4% price surge in 2021.
- Current Use: Staking, trading, and incentives on ShibaSwap.
2. LEASH (Dogecoin Killer)
- Original Purpose: Pegged to Dogecoin’s price; now a standalone ERC-20 token.
- Supply: Capped at 107,647 tokens.
- Utility: Staking rewards and governance in ShibaSwap.
3. BONE (Governance Token)
- Purpose: Powers ShibaSwap’s DAO (Doggy DAO).
- Supply: 250 million tokens (yet to be fully released).
- Distribution: Earned through staking SHIB/LEASH or providing liquidity.
ShibaSwap: The Decentralized Exchange
ShibaSwap is Shiba Inu’s Ethereum-based DEX, enabling:
- Staking: Users stake SHIB (to earn xSHIB), LEASH (xLEASH), or BONE (tBONE) for fixed rewards.
- Liquidity Pools: Providers receive SSLP tokens and a share of BONE emissions.
Fee Structure:
- 0.3% swap fees distributed to liquidity providers.
- 3% of BONE per block (BPB) allocated to xSHIB stakers.
Future Upgrades:
- 500+ Trading Pairs: Planned by end of 2021.
- Doggy DAO: Governance system launching late 2021.
Roadmap (RuffMap)
While Shiba Inu’s full roadmap is "top secret," key initiatives include:
- ShibaSwap Launch: Initial liquidity event with 10x BONE rewards.
- NFT Incubator: Supporting artists and NFT projects.
- Shiba Trest Token: A new token post-ShibaSwap launch.
- Dev Fund: 6.25 million BONE allocated for ecosystem growth.
FAQs
1. Is Shiba Inu better than Dogecoin?
While both are meme tokens, SHIB offers a DeFi ecosystem (ShibaSwap) and governance features, unlike DOGE.
2. How can I earn BONE tokens?
Stake SHIB/LEASH or provide liquidity on ShibaSwap to earn BONE rewards.
3. What’s the total supply of SHIB?
1 quadrillion SHIB, with half burned and half locked in Uniswap.
4. When will ShibaSwap launch?
The exact date is unconfirmed, but audits and final updates are underway.
5. What’s LEASH’s utility?
Originally a rebase token, LEASH now serves as a staking asset with limited supply.
6. How does Shiba Inu plan to sustain growth?
Via ShibaSwap fees, developer funds, and community-driven projects like NFTs.
👉 Discover how to stake SHIB for maximum rewards
👉 Learn about Ethereum-based meme tokens