Shiba Inu is a token created to be compatible with the Ethereum ecosystem and is inspired by another meme token, called Dogecoin. Unlike Bitcoin, which was created to have small supply, the Shib token has abundant supply. Its initial circulation was one quadrillion tokens.
Shiba Inu’s token has more advantages than just its Ethereum compatibility. Its liquidity may increase since it can be traded on its decentralized ShibaSwap exchange. As well, Shiba Inu is an incubator for NFT art projects and has some major commercial partners which accept the Shib token for payment. NFT gaming may also be in the future when Shiba Inu’s Layer-2 ecosystem, called Shibarium, launches sometime in 2022.
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