Shib Coin, also known as Shiba Inu Coin or simply SHIB, is a cryptocurrency that emerged in the cryptocurrency market in August 2020. It gained popularity as a meme token inspired by the "Doge" internet meme and the Shiba Inu dog breed, which is often associated with the Dogecoin cryptocurrency.

SHIB is an ERC-20 token built on the Ethereum blockchain, which means it operates on the Ethereum network and utilizes Ethereum's smart contract capabilities. The project's main goal was to create an experiment in decentralized community building and token distribution.

The developers behind SHIB aim to establish a decentralized ecosystem that includes features like decentralized exchanges (DEX), decentralized finance (DeFi) applications, and a community-driven marketplace. The coin gained significant attention and a large following due to its low price, which made it accessible to a wide range of investors.

It's important to note that SHIB is a highly speculative investment, and its value can be extremely volatile. As with any investment, it's essential to conduct thorough research and understand the risks before getting involved in cryptocurrencies like SHIB.

Please keep in mind that the cryptocurrency market is subject to rapid changes, and my knowledge cutoff is in September 2021. Therefore, for the most up-to-date information on SHIB, it's recommended to consult reliable sources and check recent news and developments.