Shiba Inu (SHIB) was anonymously created in August 2020 under the pseudonym "Ryoshi." Thanks to the endearing effect associated with mentions and tweets from personalities such as Elon Musk and Vitalik Buterin, this meme token quickly gained value.
Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. The SHIB token of Shiba Inu is known as part of a group of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lower-valued tokens have attracted investors who missed the Dogecoin hype, drawing them in from prices as low as 0.0002 to about 0.75 USD.
Shiba Inu is known for being named after a very special dog historically. Shiba Inu has also inspired millions of people worldwide to invest in tokens bearing the image of the dog. According to the Shiba Inu website, SHIB is the “Dogecoin killer” and will be listed on its decentralized exchange, ShibaSwap.
Though the term DeFi (Decentralized Finance) inherently includes the notion of being decentralized, it refers to the economic situation rather than the internal hierarchy. The founder, Ryoshi, described the inception of Shiba Inu (SHIB) as, “We are an experiment in decentralized spontaneous community building.” He later stated that this was unimaginably big but it was the beginning of a revolution. Projects built on community participation represent the untamed wilderness of the future. As we move away from rigid social structures and traditional mindsets, we should be free to explore new ways of solving problems and connecting beings.
In a world governed by the commodification of time, community-based projects represent much more than just a change of pace; they are a way to implement radical acceptance of others. Success depends on the collective power of individuals who compose a community, necessitating a change in perspective to align with those around them. The Shiba Inu ecosystem is described as a way to dismantle the paradigm of success based on a rooted formula and instead build a path to freedom and creativity.
A community is held together by hundreds, even thousands of invisible threads. Examining those drawn to the Shiba Inu project reveals that true power doesn’t come from a single perspective but from working together in harmony. This realization has begun the serious work of developing the Shiba Inu Ecosystem.

The SHIBA INU website invites artists inspired by dogs from all around the world to foster the “artistic Shiba movement” while bringing SHIBA INU communities to the NFT (Non-fungible token) market. SHIBA INU has also created a campaign using Amazon Smile to collect donations to rescue real, live SHIBA INU dogs in partnership with the Shiba Inu Rescue Association.

Societies are at a crucial period regarding innovation today. Up until the Shiba Inu project, centralization has been a precondition in all formal structures. Political, educational, and financial systems have been designed not to distribute power equally and ethically to those within, and this has always been the case. There might have been times in history when such an internal configuration played a significant role, but in an era where the world is at one’s fingertips with a click of a button, it's time for reevaluation.
In 2021, when the stock values of GameStop and AMC saw an overnight surge, it awakened individuals to how little control the average person has over these encompassing, intergenerational structures. WallStreetBets tested what it would look like to distribute control to consumers and inexperienced investors, inspiring, yet not lasting long. Just when the movement seemed on the brink of success, the new concept of power among the public was quickly smothered by the bureaucracy of a centralized society before it could take root. Months before any of these events made international news, Ryoshi had set in motion the experiment of a 100% community-driven cryptocurrency.
Cryptocurrency itself, by its nature, comes from the idea of breaking the routine contrary to traditional processes and redefining how wealth can be achieved. Yet, not all but many cryptocurrencies operate within a viable system of rules. It’s easier to see when considering situations like the SEC’s (U.S. Securities and Exchange Commission) victory over the Kin Ecosystem (a centralized authority) or how Binance Blockchain uses centralized authority to offer "benefits" over decentralized partnerships.
In the ever-changing economic landscape, cryptocurrencies that do not take their independence into their own hands struggle with an uncertain existence. When the rules of the game are changed in their favor, they have no choice but to comply with the game. However, Shib Inu (SHIB) is not one of these cryptocurrencies.

Delving into the Woofpaper (whitepaper) detailing the Shin Inu (SHIB) project, its history is emphasized with the quote from Miyamoto Musashi, “You can only fight the way you practice.”
Ryoshi approached the creation of the Shiba Inu community with a unique perspective. “With the power of collective decentralization, we believe we can build something stronger than a centralized team ever could. A token operated by the community is nothing without the unified individuals who give it purpose,” he also stated.
From the early days of Shib Inu (SHIB), it has been recognized in its own ranks and numerous other platforms as the ShibArmy. This is not to be considered merely a nickname. For many individuals, ShibArmy has become a part of their identity. Whether a new participant or part of the veteran group, each person under the SHIB flag is expected to embrace the project's foundational principles. How life was given to the project is explained in the following items:

The founding team took pride in the source from which the ShibArmy emerged and was equally excited for the future. Ryoshi chose to start SHIB from scratch and entrusted the currency's future to the ShibArmy team. Starting from scratch means maximizing the efficiency of each worker at this point. Ryoshi regards ShibArmy owners and believers as the source of all success. In addition, he mentions users and more than 544,000 owners, managers, mods, international chat room leaders, social media influencers, meme humorists, shillers, and most importantly, co-workers as the source of all success.

The answer to "Why ETH?" as the ShibArmy team puts it, is highlighted with another quote from Miyamoto Musashi, “To know ten thousand things, know one well.” When comparing different blockchain technologies, why it remains on the ETH network is a curiosity, and the answer, like the rest of the project, is simple and purposeful.
Project founder Ryoshi began the SHIB journey with an affinity for ETH from the start. The ETH network has already been secure, well-established, and allows for truly decentralized continuation, which adds importance to the project. Ryoshi's biggest priority has been to ensure his project could grow and evolve free from external regulation that affected him. At this point, ETH has been seen as the way to achieve this goal. The ShibArmy team can hold their tokens in a wallet and collect payments from all over the world, independent of moderate powers.
Ryoshi also preferred to send 50% of the total supply to Vitalik Buterin's wallet, stating, “We sent over 50% of the total supply to Vitalik. There is no growth without a sensitive point, as long as Buterin does not rough us up, Shiba Inu will grow and survive.” These aspects of ETH make it a strong foundational building block for ShibaSwap, a decentralized exchange where cryptocurrencies can be traded, bought, sold, and HODLed for rewards exceeding those of other betting platforms.
As Ethereum 2.0 brings faster and cheaper transactions day by day, ShibaSwap is preparing to become the most popular and highest volume exchange focused on ERC-20 tokens and the Ethereum Blockchain.

Like Shib's creator Ryoshi, Vitalik Buterin is known as a visionary. One of the youngest billionaires in history, Buterin has maintained his popularity as the co-creator of Ethereum and, until recently, the holder of half of SHIB's total supply.
On May 12, 2021, Buterin used SHIB to make history. With a surprising act of empathy and sacrifice, he responded to a humanitarian crisis on the other side of the world, the India Covid relief fund, by donating 1,000,000,000 USD (one billion USD) in SHIB. This aid is not received positively in certain quarters, because, as moral as Buterin's behavior is, it has not prevented a FUD wave from forming in the cryptosphere. After the transfer to India, Buterin held more than 45% of the total SHIB supply, causing investors to fear potential future fluctuations. Less than a week after making the largest crypto donation ever, Buterin performed a record-breaking burn operation. 410.24 trillion Shib (about 40% of the supply) were permanently removed from circulation, and this amount is more than 6.6 billion USD.
The implications for SHIB have been significantly large. This was not done to increase SHIB's future value; it was actually a deliberate act intended to change countless lives. At this point, Buterin managed to bring hope to India when it was most needed, achieving this with the power of ShibArmy.

To illustrate with a small toy bear example, from the tips of their noses to the ends of their curly tails, they are extremely intelligent, brave, and independent animals, also inclined to loyalty and mischief. These features, which make these small toy bears extraordinary, are also considered features that make them a challenging pet. If such animal owners are new or inexperienced, they can quickly feel overwhelmed and unprepared for life with a breed known for its bold (i.e., stubborn) personality. Therefore, a percentage of Amazon purchases is collected to distribute donations to the Shiba Inu Rescue Association using Amazon Smile to show our support.
When placing an order using smile.amazon.com, you can start making a difference by selecting the Shiba Inu Rescue Association (the non-profit organization of choice).

Shiba Inu has become one of the most successful, completely decentralized cryptocurrency experiments in history. ShibArmy was born from the concept that talented individuals from all over the world would unite under a single flag under the right conditions and use their unique skills to build something noteworthy. Although this concept is the foundation of the entire project, Shiba Incubator (formerly known as Artist Incubator) is considered the place where these ideas can truly be allowed to reach their full potential.
Starting as a creative space in the traditional sense, the project has naturally evolved and developed like every aspect of SHIB. The SHIB team has been tasked with exploring how to extend their focus beyond popular art forms (painting, photography, digital processing) and also discover ways to honor creativity and individuality. It’s important to remember that art can find a place in every field. There is potential for creativity in every area, profession, and opportunity, whether solving complex mathematical problems, fixing cars, researching technology, healing patients, or any other example. Those who connect most with their inspired selves, whether in easily recognized tools or not, should not be excluded from exploring their passions. The well-being of SHIB depends on the ability to openly include and encourage art in all its forms.
Decentralization at the heart of Shiba Inu means more than the future of finance. In a world where arbitrary rules designed for the benefit of the wealthy and powerful are rarely questioned, decentralization is a revolutionary answer that can reunite individuals with lost autonomy. Those who understand the Shib Inu experiment consider it another way to help others step outside the prejudiced boundaries and regulations to experience what being part of the project's movement means.

ShibaSwap is dedicated to creating the world's best Decentralized Ecosystem (DeCo). It also owns three types of tokens, considered the seeds from which the Shiba Inu Ecosystem has sprouted.
The aim of ShibaSwap is to provide a safe place to trade valuable cryptocurrencies while remaining decentralized. Being tied to the founders of ShibaSwap, it is continually in a state of development and growth. This ecosystem is constantly scaled to bring increasing stakeholders to the ShibaSwap platform.
Unique tokens within the Shiba Inu, strong designs, technical applications, and cliché fashion memes will add strength to the platform through viral growth, ultimately benefiting the ecosystem permanently. Although trading without a budget poses a challenge, dealing with various types and product groups has formed a joint development team from the community.
With this combined force and the power of Shiba Inu, it is acknowledged that success will be achieved in advancing the Swap and Ecosystem as a whole, thus reaching new and spectacular heights as a team, making ShibaSwap visionary.

Shiba Inu Token and ShibArmy have evolved beyond a simple experiment. Since the publication of the document and the launch of ShibaSwap, they have become a Decentralized Ecosystem enriched with its own DEX (Decentralized Exchange). Additionally, the team highlights the start of tokenomics in their Woofpaper as, “You must understand that there are many ways to the top of the mountain.”
This statement helps redefine SHIB beyond what it could be on its own. Therefore, Shiba Inu (SHIB) will outlast any crypto that tries to mimic it, lasting longer and overshadowing them. ShibaSwap owns three important tokens:
Shiba Inu: SHIB,
Leash Dogecoin Killer: LEASH,
Bone: BONE.
Additionally, it is emphasized in ShibaSwap that Shibas must dig or bury for BONE and other WOOF returns. The best trainers teach their Shibas to FETCH, which allows swapping one token for another. When Shibas dig, bury, or FETCH, they produce WOOF returns distributed in the Puppy Pools.

Shiba Inu (SHIB) entered this world as a pup in August 2020 and quickly began to change the cryptosphere. Since its launch, the Shiba Inu project has continually broken molds. It was the first to mint a quadrillion tokens and meaningfully "burn" 50% of them to Vitalik Buterin's wallet while locking the rest in Uniswap, kickstarting ShibArmy without using the keys (public and private).
Shiba Inu (SHIB) has been a trendsetter from day one. It has managed to be the first to allow diamond hands to hold billions, even trillions of tokens in their wallets and is also known as the first spontaneous community-building experiment devoted to a decentralized structure. Shiba Inu (SHIB) has earned the nickname Dogecoin Killer, readying SHIB's value to exceed Dogecoin's, even if it never reaches $0.01, it will be more valuable proportionally to the popular canine memecoin.
Shiba Inu (SHIB) was already a household name upon release. With half a million users, listings on over forty exchanges, and international support, it is inevitably on the path to widespread adoption and implementation.
Shiba Inu (SHIB) was the first cryptocurrency token to be listed and incentivized on its decentralized exchange, ShibaSwap, forever immortalized.

Bury process can be performed on Shiba Inu tokens for BONE returns and more.
An additional 3% of all Bone Per Block (BPB) is minted and distributed to Shiba Inu (SHIB) owners who are part of the pool as xSHIB. xSHIB is known as a buried or staked version of Shiba Inu tokens. xSHIB is powerful because it also collects 0.1% of all ETH swap transaction fees on ShibaSwap in a pool. Furthermore, 0.05% of allocated swap fees are distributed to bury pools, and a portion is sent to xSHIB owners, enabling users to increase their SHIB balances. Additionally, 33% of Bone and ETH yields are distributed weekly, ready for withdrawal, while the remaining 67% are time-locked for 6 months.

LEASH is known as the second token in the Shiba Inu Ecosystem. It was initially envisioned to be a rebase token pegged to the price of Dogecoin. Later, it was decided to turn off the rebase function and continue as a simple ERC-20 token.
While Shiba Inu (SHIB) is made with a half-locked robust supply (one quadrillion tokens), LEASH's supply is known to be only 107,647 minted tokens. Due to the low supply of minted tokens, the demand and reward for holding xLEASH and LEASH-ETH SSLP have led to a meteoric rise similar to Shiba Inu (SHIB).

When bury or stake operations are performed on the Leash token, xLEASH is produced. An additional 1% of all Bone Per Block (BPB) is minted and distributed to xLEASH owners who are part of the LEASH pool. Also, 0.05% of allocated swap fees are distributed to bury pools, and a portion is sent to xSHIB owners, allowing users to increase their LEASH balances. 33% of Bone yields will be distributed weekly, ready for withdrawal, and the remaining 67% will be time-locked for six months.

To encourage LEASH liquidity, the LEASH SSLP TOKEN Puppy Pool collects 0.1% of all WBTC (Wrapped Bitcoin) and 0.1% of all USDC (USD Coin) swap transactions. 33% of Bone can be withdrawn at any time, while the remaining 67% will be time-locked for six months. Additionally, 33% of WBTC and USDC yields will be distributed weekly, ready for withdrawal, and the remaining 67% will also be time-locked for six months.

The BONE token holds a special position. Available only on ShibaSwap, BONE has a supply of 250,000,000 tokens and is designed to best fit the market supply between the previous two tokens. Additionally, BONE is known as a governance token, allowing the ShibArmy to vote on 2022 proposals and which token partners to add to ShibaSwap.

Bone tokens can earn tBONE through dig operations. As with every token within Shiba Inu, an additional 1% of all Bone Per Block (BPB) is minted and distributed to tBONE owners who are part of the BONE pool. 0.5% of allocated swap fees are distributed to bury pools, and a portion is sent to tBONE owners, enabling users to increase their BONE balances. The more BONE one holds, the more significant their future vote. 33% of BONE yields will be distributed weekly, ready for withdrawal, and the remaining 67% will also be time-locked for six months.

BONE liquidity on ShibaSwap is encouraged by offering BONE SSLP TOKEN. The BONE SSLP TOKEN pool collects 0.1% of all DAI swap yields and 0.1% of all USDT swap yields.
33% of BONE can be withdrawn at any time, while the remaining 67% will be time-locked for six months. Additionally, 33% of DAI and USDT yields will be distributed weekly, ready for withdrawal, and the remaining 67% will also be time-locked for six months.

According to the project, being a part of the ShibaArmy is believed to provide benefits. Hence, wallets from independent exchanges are not allowed to receive any woof returns from ShibaSwap. This blacklist-style feature is unique to ShibaSwap and is designed due to many of the best SHIB wallets being from exchange platforms.
The GrrrList feature is developed so that owners on exchanges wanting to access ShibaSwap returns don't have to worry about possibly engaging in token staking with misaligned assets and then freezing withdrawal operations.

To ensure the longevity of ShibSwap and the Shiba Inu Ecosystem, a portion of the minted BONE will be allocated to a development wallet activated with multisig. This wallet will be split between 80-20 for the first fourteen days, then 50-50 thereafter.

The Core Developers and OG Managers Fund will be used for financial assistance needed for the Development team to make the ecosystem their full-time focus. This means continuing to build on the solid foundations gifted to the team by talented individuals with their time, money, and energy. This allocation will allow each volunteer developer to receive compensation for their investment in ShibaSwap and offer salaries to work exclusively within the ecosystem.
OG Managers are considered veterans of the ShibArmy and have all earned medals for Fighting Daily Fud and Fending Off Bot Takeovers. This fund ensures the Dev team has a trusted manager group deployed across multiple channels to provide a safe space for the Shiba community to build without disturbances from fud, scams, and other issues.

The Development and Marketing Fund is utilized towards the continual progress of the Shiba Inu ecosystem. Now that ShibaSwap is operational, maintaining this momentum depends on the project team.
This fund will also enable the rapid expansion of concepts held secret in the 2021 RuffMap with a real budget. After completing RuffMap items, the remaining funds will be used to complete projects approved by community governance votes for 2022 and 2023.
Impressively, Shiba Inu has managed to be successful so far without spending a dollar. However, the Bone Pile will allow SHIB to become the freshest main cryptocurrency name, sharing rankings with Bitcoin and Ethereum, and implement international marketing strategies like advertisements.

While Shiba Inu (SHIB) draws its greatest strength from its community, the SHIB team will always be ready to audit and support. In most cases, using BONE (governance token) will provide a tool for the community to guide the Shiba Inu ecosystem through decentralized majority. However, times will come when it falls on the SHIB team to make responsible decisions in the interests of ShibArmy. In these instances, it's stated that proceeding with fairness and ethical practice by setting up multisig wallets will be prioritized.
Multisig wallets offer the ability to make ambitious actions while protecting against impulsive, emotional reactions. This means the Shiba Inu (SHIB) team will be ready to move to a solution quickly and calmly in an emergency. Multisig wallets also allow strategy leaders to make proper choices in repaying funds to date, future development, and scaling the project, taking security measures to ensure financial choices are always for the best of the community, not personal.
Multisig members are known as trusted members of the community and DeFi environment. A transaction requires three out of five signatures for approval. In case of any urgent change regarding security or governance, an emergency multisig must pass with at least six out of nine signatures.

Ruffmap will remain highly confidential to continuously gain an advantage in the competitive field, but publishing a basic overview will help founders understand the core development team's objectives.
Shiba Inu aims to standardize its products and integrate them into the global market for long-term success. This appears as launching the project incubator (hatchery main hub) and upcoming NFT (Non-Fungible Token) project, releasing ShibaSwag, and potentially realizing real-world applications that extend the team beyond the digital realm.

While Shiba Inu's official roadmap remains tightly guarded, it has been announced that the next icon will be a Shiba TREAT. TREAT is considered a very special token, but detailed tokenomics will be explained in an update to this document following the launch of ShibaSwap.

After the Shiba Inu liquidity event, the next few months will be spent adding partners to ShibaSwap, with the goal of incorporating over five hundred partners into their fold throughout 2021 alone. When the Doggy DAO (Decentralized Autonomous Organization and Bone Governance Token) matches, a truly decentralized ecosystem will have been created. The Doggy DAO governance system will be introduced by the Shiba Inu team later this year.

The Shiba Inu community started with the seeding of an idea. It's stated that success could not be achieved without a centralized team, funding, and direct leadership. The Shiba Inu volunteer team has done remarkable work and built the future of meme coin finance through ShibaSwap. This marks the beginning of a new era for decentralized communities. When the right time comes (because good things cannot be rushed), ShibaSwap will become the critical touchpoint between the decentralized world and global communities, enabling the vision of widespread adoption of DeFi cryptocurrency.
The Shiba Inu team advises individuals to conduct their own due diligence and consult with financial advisors before making any investment decision. By purchasing any Shiba Inu product, you acknowledge not buying a security or investment and agree to hold the team harmless and not liable for any loss or taxes you may incur. You also accept that the team's products are provided "as is" without any obligation to provide maintenance or support. It's also indicated that there should be no expectation of form from the Shiba Inu ecosystem and team. Despite being a community-focused DeFi ecosystem and not a registered digital currency, the Shiba Inu team advises citizens in regions where government bans on crypto exist not to purchase it, as compliance with regional regulations cannot be ensured. Furthermore, the team stresses the importance of always adhering to local laws and regulations before making any purchase.

SHIBA INU website states that they have locked 50% of the total token supply on the exchange and thrown away the keys. The remaining 50% was burned to Vitalik Buterin. There are a few more tokens mentioned on the SHIBA INU website, known as “LEASH”, which will be “released and will not rebase”, BONE, “Dogecoin Killer” (not yet available as of May 2021).