What is the Shiba Inu Token ($SHIB)?
Shiba Inu( $SHIB), is a token that runs on the ERC-20 network of the Ethereum blockchain, or Ethereum mainnet. It can be swapped using an Ethereum compatible wallet such as Metamask, by connecting to ShibaSwap, which is a Decentralized Exchange, or DEX. SHIB is part of this DEX as one of its native tokens, which include $LEASH and $BONE.
$SHIB’s Contract Address: 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce
Shiba Inu was conceived as an experiment in decentralized spontaneous community building. The founder, who goes by the name Ryoshi, said this:
”We believe through the power of collective decentralization we can build something stronger than a centralized team ever could create.”
Collective decentralization, as Ryoshi envisioned, meant no central leadership, where the community is invited to participate, founders and developers alike work on a voluntary basis. The goal is set for future self governance, built by the community for the community.