What is Shiba Inu Token

Shiba Inu is a cryptocurrency token that was created as a parody of the popular Dogecoin. It is based on the Dogecoin blockchain and uses the same Proof of Work algorithm. However, there are some key differences between the two tokens.

Shiba Inu has a total supply of 1 quadrillion tokens. This is compared to Dogecoin’s supply of 100 billion. Shiba Inu also has a much lower price per token. At the time of writing, each Shiba Inu token is worth around $0.000016. This is compared to Dogecoin’s price of $0.05.

The main difference between Shiba Inu and Dogecoin is that Shiba Inu is not intended to be used as a currency. Instead, it is meant to be used as a “tipping” token. This means that users can send tips to each other in the form of Shiba Inu tokens.

The name “Shiba Inu” comes from the Japanese breed of dog that is popular on the internet. The Shiba Inu breed is often associated with the Dogecoin logo.

The Shiba Inu token was created by an anonymous developer in August 2020. The developers behind the project have chosen to remain anonymous.

Shiba Inu is currently ranked 55th on CoinMarketCap with a market capitalization of $1.4 billion.

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