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Origin and Purpose of Shiba Inu
Shiba Inu was launched in August 2020 by an anonymous founder using the pseudonym Ryoshi. This token is named after the Japanese dog breed Shiba Inu, which also serves as the icon of Dogecoin. However, unlike Dogecoin, which is based on Bitcoin, SHIB is built on the Ethereum network.
The initial goal of Shiba Inu was to serve as a spontaneous community-based decentralization experiment, without a centralized leader and without a large initial fund. The token was distributed for free to the community through airdrops and Uniswap.
Although it started as a meme, the SHIB community, known as the ShibArmy, successfully pushed for the development of real projects.