What Is Shiba Inu?

Floral Separator Source: Pixabay

Shiba Inu was created by an anonymous founder named Ryoshi, who was testing community governance in August 2020.

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The concept of community governance involves making decisions through voting in blockchain projects, and Shiba Inu was created with this in mind.

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Shiba Inu was launched with an initial supply of 1 quadrillion tokens in circulation

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However, Vitalik Buterin sold 10% of the SHIB tokens he received and donated the proceeds to charity.

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Currently, SHIB has a total supply of 589T tokens in circulation. Its rapid growth has posed a challenge to another popular meme token, i.e. Dogecoin.

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SHIB holders can create tokens and perform other operations like staking and creating Defi apps.

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SHIB is poised to continue growing and making a name for itself in the crypto world.

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