SHIBA INU COIN
#SHIB has a functioning DEX/DEFI exchange. A planned DAO governance system. Staking and liquidity pools. Rewards in multiple tokens. An NFT marketplace. Layer 2 Blockchain Shibarium (COMIN SOON). #LEASH and #BONE token. Other shared tokens. Plus more and more businesses accepting #SHIBA daily.
Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as “Ryoshi”.
As Shiba Inu is an Ethereum-based ERC-20 token, it is created on and hosted by the Ethereum blockchain, instead of its own blockchain. Ryoshi states in the paper that he chose to build the Shiba Inu ecosystem on Ethereum because it was already secure and well-established, and it allowed the project to stay decentralized.
Shibarium is a blockchain/layer-2 solution first proposed by Ryoshi, the creator of Shiba Inu Coin.
Ryoshi initially used the phrase blockchain, but it is more likely to be an L2 that sits on top of an already existing (Ethereum) blockchain. The SHIB creator said: “The line between an L2 and own blockchain is thin, I mean what is the difference really between Matic L2 and BSC?”
Just like FIAT currency DOGE is inflationary. Every single day an average of 10-14 Million coins are created. #SHIB is the opposite (deflationary) with starting high supply and millions of #SHIBA burned every single day therefore increasing the value of the coin.