# Shiba Inu By [mastercrypto](https://paragraph.com/@masterbrum.robots.farm) ยท 2023-01-28 --- Shiba Inu (SHIB) is a cryptocurrency that was created in August 2020 and it is a fork of Ethereum. It's designed to be a decentralized, community-driven version of Dogecoin, a meme-inspired cryptocurrency that started as a joke. Shiba Inu's development team was anonymous, but it is now being led by a group of developers who have come forward to continue the project. Shiba Inu's main feature is its use of a unique economic model, in which 50% of the total supply of SHIB is locked as a "ShibaSwap" liquidity pool, and the other 50% is distributed among holders through a process called "Shiba Inu Airdrop". The airdrop was intended to be used for charitable donations and other community-driven projects. SHIB is also the first token in the Shiba ecosystem, which is designed to be a platform for other projects and tokens to be built on top of it. The SHIB token can be used to participate in governance of these projects and tokens. Shiba Inu's price has been highly volatile, it reached an all-time high of $0.000072 in May 2021, but it has also experienced significant declines. The price of SHIB is known to be highly speculative and is driven by hype and investor sentiment. It's important to note that SHIB is a highly speculative and highly volatile cryptocurrency and it has no real world usage yet. It's also important to be aware of the risks involved in investing in any cryptocurrency, as the market is highly volatile and highly speculative. As always, it's important to conduct thorough research and understand the risks before investing in any cryptocurrency. --- *Originally published on [mastercrypto](https://paragraph.com/@masterbrum.robots.farm/shiba-inu)*