Shiba Inu
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Shiba Inu is a cryptocurrency meme token launched by an anonymous founder called Ryoshi. Like Dogecoin (CRYPTO:DOGE), it's based on the Doge meme, which features a Shiba Inu dog. It even calls itself the "Dogecoin killer."
The white paper (referred to as a "woofpaper") for Shiba Inu describes it as a community-based cryptocurrency project. This essentially means that the decentralized Shiba Inu community, known as the "ShibArmy," is in charge of the cryptocurrency and its development.
Key takeaways
- Shiba Inu is an Ethereum-based altcoin that features the Shiba Inu hunting dog as its mascot.
- It is widely considered to be an alternative to Dogecoin and is touted as "the Dogecoin killer" by its supporters, a community known as the SHIBArmy.
- Shiba Inu was created in August 2020 by an individual or group called Ryoshi