Shiba Inu launched in 2020 positioning itself as a community-led alternative to Dogecoin. What made SHIB unusual from the start was its enormous total supply, quadrillions of tokens and the fact that its anonymous creator sent half the supply to Vitalik Buterin's public wallet, who subsequently burned most of it while donating a portion to COVID relief. The SHIB ecosystem has expanded beyond the original token to include BONE (used for Shibarium governance) and LEASH, as well as Shibarium - a dedicated Layer 2 blockchain intended to reduce transaction costs for the ecosystem. The community, known as the Shib Army, is one of the most organized and vocal in crypto.
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