Shiba Inu Coin
What is Shiba Inu? Shiba Inu (SHIB) is an ERC-20 token, meaning it operates on the Ethereum blockchain. It was launched in August 2020 by the anonymous Ryoshi. Half of the initial supply was gifted to Ethereum creator, Vitalik Buterin. However, Buterin sold his stake early on and donated it to charity. If he held his tokens, they would currently be worth over $20 billion! Shiba Inu is based off of Dogecoin (DOGE.) A Shiba Inu is a breed of dog and is Dogecoin’s mascot. Shiba Inu was created in response to the wild popularity of DOGE and is hoping to capitalize on the hype. Shiba Inu is used to power the decentralized exchange (DEX) called ShibaSwap. Users can stake their holdings, provide liquidity and swap SHIB with other tokens on the exchange. However, ShibaSwap has not gained much popularity due to its novelty and is less secure than competitors. While it does not offer a ton of new features to the DeFi space, it is still adds to...