While many believe that Shiba Inu was founded in 2021 in response to Dogecoin's phenomenal market growth, the project was really started in August 2020 by an unnamed person going by the name "Ryoshi." Shiba Inu's ecosystem consists of three distinct and interconnected tokens and is developed on the Ethereum network. SHIB, an ERC-20 token with a fixed supply of one quadrillion tokens, is the main token of Shiba Inu. The Shiba crypto ecosystem also includes the LEASH token in addition to SHIB, and it will ultimately include a third token called BONE. The developers later opted to issue LEASH as an ERC-20 token with a fixed supply of 107,647 tokens. LEASH was originally intended to be a rebase token with a variable market cap indexed to the price of DOGE. Users' voting power scales linearly in relation to how much BONE they own; BONE acts as the ecosystem's governance token. ShibaSwap users will be able to stake any of these tokens to earn BONE tokens with each newly verified block, in addition to other tokenized prizes, once the platform launches, even though the potential use cases for SHIB and LEASH have not yet been fully described.
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