Shiba Inu, also known as Shiba Token, is a decentralized cryptocurrency created in August 2020 by an anonymous person known as “Ryoshi”. The token, dubbed the “DOGE killer”, was modeled after Dogecoin and has a market capitalization of over $3.5 billion as of May 2021. Wikipedia
⦿ SHIB is an experiment in decentralized spontaneous community building. SHIB token is their first token and allows users to hold Billions or even Trillions of them. Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking). Popular worldwide, and already up thousands of percent, Shiba token ($Shib) is the first cryptocurrency token to be listed and incentivized on ShibaSwap, their decentralized exchange.
They locked the 50% of the total supply to Uniswap and threw away the keys!
The remaining 50% was burned to Vitalik Buterin and they were the first project following this path, so everyone has to buy on the open market, ensuring a fair and complete distribution where devs don’t own team tokens they can dump on the community.