6 Things you Need to Know About Shiba Inu (SHIB)

Ryoshi, SHIB/LEASH/BONE/TREAT tokens, Bury & Dig mechanisms, and More!

Ehsan Yazdanparast
Coinmonks
Published in
6 min readFeb 13, 2022

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Shiba Inu (SHIB)
Shiba Inu (SHIB)

Shiba Inu is a MEME project, born in 2020. The founder(s) and developers of the project are anonymous and the token does not have any real use case. The community around the project is promoting SHIB as a DOGE killer token.

In this story, I am going to explain 6 things you better need to know about this project. For more info, you can also check the official documentation of the project here.

#1 — Ryoshi

Ryoshi is the anonymous leader of the Shiba Inu project. Throughout the documentation of Shiba, “his” pronoun is used to make references to Ryoshi. Yet, his full identity is unknown. Here are some of the references to his name from the Whitepaper of Shiba Inu project:

While the term DeFi literally includes the word decentralized, this is in reference to economic status as opposed to its internal hierarchy. Our founder, Ryoshi, said this of our beginnings, “We are an experiment in decentralized spontaneous community building(…)”

2021 opened our eyes to how little control the average person has in the face of these overarching, generational structures when GameStop and AMC stock value exploded seemingly overnight…

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Ehsan Yazdanparast
Coinmonks

Ph.D., Software Developer, Tech Enthusiast. Support my writing by joining Medium through my Referral Link bit.ly/3wQhMKZ (I will earn a small commission)