Shiba Inu

Shiba Inu (SHIB) is a cryptocurrency project that runs on the Ethereum blockchain. It started as a meme-themed token and now presents itself as a financial ecosystem. The project describes a goal of working as a decentralized option next to conventional banks. Ownership is described as resting entirely with the community, with no central leadership. A global group of supporters is known as the ShibArmy.

The ecosystem includes ShibaSwap, a decentralized exchange where users can also supply liquidity. Shibarium is a Layer 2 network that handles transactions more quickly and at lower cost. It was built because Ethereum is expensive and slow.

The project relies on three tokens for its economy and governance. SHIB is the main currency for trading and payments, and LEASH is tied to scarcity-based incentives. BONE is the governance token, and its holders vote on proposals through the Doggy DAO. It is also the native gas token on Shibarium.