Shiba Inu is a decentralized meme coin that is now evolving into a vibrant ecosystem with diverse applications. The meme coin aims to be the Ethereum-based asset to emerge as the doge killer. Shiba Inu was created by its anonymous creator(s) Ryoshi. The platform’s native token, SHIB, is an ERC-20 token that was the first to be listed on Shiba Inu’s DEX, "ShibaSwap." SHIB, apart from being the foundational digital currency of the ecosystem. It is accepted by a number of renowned brands and organizations.
The Shiba Inu ecosystem also houses two other tokens, namely LEASH and BONE. LEASH is the second token to be incentivized on ShibaSwap. DOGGY DAO is a governance token that will allow the Shib Army to vote on proposals on DOGGY DAO. The Shiba Inu team has been proactive in expanding the ecosystem with a number of applications. The project, which was once started as a meme coin, has now traversed to its own DEX, Shiba Swap. The ecosystem is home to other notable projects such as DOGGY DAO, its own NFT-powered metaverse “Shiberse”, and L-2 protocol Shibarium. The firm is optimistic about the initiatives collectively empowering its tokens.