Shiba Inu is a cryptocurrency that was launched in August 2020. Here are the key details about Shiba Inu: - Shiba Inu (often abbreviated as [[SHIB]]) is a decentralized cryptocurrency that was created as a so-called "Dogecoin killer" - an alternative to the popular [[Dogecoin]] [[DOGE]] meme #cryptocurrency. - The Shiba Inu token is based on the [[Ethereum]] #blockchain and utilizes the [[ERC-20]] token standard. - Unlike Dogecoin which has no maximum supply, the total supply of Shiba Inu tokens is fixed at one quadrillion (1,000,000,000,000,000). - Shiba Inu markets itself as a community-focused decentralized cryptocurrency, with a focus on art, creativity, and supporting charitable causes. - The Shiba Inu project includes a decentralized exchange called ShibaSwap, as well as plans for a non-fungible token ([[NFT]]) project and a play-to-earn gaming ecosystem. - Shiba Inu has gained significant attention and interest from retail cryptocurrency investors, especially younger and more risk-tolerant traders. - The price of Shiba Inu has been highly volatile, with big price swings driven largely by social media hype and speculative trading, rather than fundamental factors. - While some view Shiba Inu as a legitimate cryptocurrency project, others see it as a speculative meme coin with limited real-world utility. Overall, Shiba Inu is an example of the rise of meme-based cryptocurrencies that have gained mainstream attention, but whose long-term viability remains uncertain.