ŞhibaSwâp

Buy, Sell and Trade 10,000 unique Shiboshis. Unique and only available on ShibaSwap. ShibaSwap is a decentralized finance (DeFi) platform.

ShibaSwap is a decentralized finance (DeFi) platform featuring a decentralized exchange (DEX) and passive income-generating services like staking, liquidity pools and yield farming in its ecosystem.

Launched in July 2021, ShibaSwap is a fork of SushiSwap, a popular DEX that is itself a fork of Uniswap (UNI), the world’s leading DEX by volume. But unlike its rivals, ShibaSwap’s core purpose has been mostly boosting the utility of Shiba Inu (SHIB) tokens.

What are Shiba Inu tokens?

ShibaSwap uses three primary tokens: SHIB, Doge Killer (LEASH) and Bone (BONE).

Shiba Inu (SHIB)

SHIB is a Dogecoin-inspired memecoin created in August 2020 by the pseudonymous “Ryoshi."

During its initial coin offering, the founder(s) distributed one quadrillion SHIB, with half allocated to Ethereum co-founder Vitalik Buterin. Later, Buterin donated 50 trillion SHIB to an Indian COVID-19 relief fund while sending the rest of the 450 trillion tokens to a dead wallet.

Meanwhile, the remaining 500 trillion SHIB were locked in Uniswap and the owners discarded the private keys.

Doge Killer (LEASH)

As the name suggests, Doge Killer (LEASH) arrived as a part of SHIB’s effort to knock Dogecoin (DOGE) off its pedestal as the top memecoin by market capitalization. In its earlier days, the token saw a failed 1:1000 peg to the price of DOGE. LEASH functions as an ERC-20 token with a fixed supply of 107,647 tokens.

Bone (BONE)

Bone (BONE) serves as a governance token within the ShibaSwap ecosystem. In other words, holding BONE enables users to propose and vote on changes to the ShibaSwap protocol through the Shiba Inu Doggy DAO.