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An alternative to Dogecoin, the Ethereum-based SHIBA INU is another dog-themed, meme cryptocurrency and was created by an anonymous developer or a group of developers by the name of “Ryoshi'' in August 2020. SHIB is an ERC20 token and 40% of its total supply has already been burned to promote the token’s success and stability. The project has also set out to introduce the SHIBA INU community to NFTs and has announced plans to list SHIB on ShibaSwap, a decentralised exchange.