ETH
by BSCN
February 4, 2023
Everyone in crypto is talking about Shiba Inu and the upcoming Layer-2 Shibarium network. Here's a primer on the ecoystem's tokens: $SHIB, $BONE and $LEASH.
The Shiba Inu project is in the spotlight as the launch of the Layer-2 Shibarium network approaches. Here’s what you need to know about the tokens that power the Shiba ecosystem: $SHIB, $BONE, $LEASH and (upcoming) $TREAT.
A fifth token called $SHI has also been discussed by Shiba developers, including founder Ryoshi who described it as an “algo-stable coin that always pegs to 1c” (US$0.01). However, the mechanics of the proposed stablecoin have never been officially released.
Shiba Token (SHIB) is home to the Shiba Inu Ecosystem, an interconnected family of digital assets and solutions built on the Ethereum blockchain. Its tokens include $SHIB, $LEASH, and $BONE, plus native SHIBOSHIs NFTs. SHIB solutions include SHIB: The Metaverse and the ShibaSwap DEX. SHIB, a world-leading decentralized finance (DeFi) cryptocurrency, has gained popularity among millions of investors worldwide. It has 3.6 million Twitter followers and is frequently ranked as the third most searched project by Google. The Shibarium Layer 2 blockchain enables SHIB to provide increased scalability, security and innovation.
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