The first coin, Shiba Inu token (SHIB) was listed on Uniswap and began trading at essentially no value. On May 8th, Shiba rose over 300% in anticipation of Elon Musk’s Saturday Night Live skit airing later the same day.
Shiba Inu token, which is the 1st token launched in the Shiba ecosystem, can be bought on Uniswap. 50% of the total supply was put onto the decentralized exchange Uniswap by the Shiba founders, and the rest were sent to Vitalik Buterin – the co-founder of Ethereum. After donating $1 billion in Shiba tokens to India’s Covid relief fund, Buterin burned the rest of his tokens.
Upon launch of the Shibaswap platform, Shiba Inu tokens can now be staked on Shibaswap to “dig” for another cryptocurrency on the platform: bones. Bones is the governance token for ShibaSwap, granting token holders voting rights on the platform.
Their last token is called “leash” and was the most unstable stablecoin in existence. Stablecoins are cryptocurrencies pegged to other values, most commonly the U.S. dollar. Instead of being pegged to the dollar, however, Leash was pegged to the price of DOGE, making it rather unstable. Since then, the Shiba Inu decided to “unleash” Leash tokens from the price of Doge, so it’s currently no longer pegged to Dogecoin’s price. Leash has an extremely small supply of just 107,647 tokens, and each is worth about $1,900 at the time of writing.