Welcome to 60-second Crypto Gem by KuCoin. Today, we will be talking about ShibaSwap and its native token, SHIB. Nicknamed the DOGECOIN killer, SHIB is a popular meme token to be expected for a similar viral growth as Dogecoin that encourages users to hold Billions or even Trillions of them. ShibaSwap is a DeFi project that is 100% run and owned by its community, and incentivized by SHIB token. The main reason behind the creation of SHIB perhaps is that SHIB holders constantly forget where they bury their treasure. The platform founder Ryoshi burnt 50% of the total supply to Ethereum co-founder Vitalik Buterin’s wallet when they first started the project, expecting it to lay the foundation for its sustainable growth. This has been the 60-second Crypto Gem by KuCoin, see you next time.