Papa Shiba (PHIBA) is a cryptocurrency that works with the primary goal to find charities worldwide that help animals in need. Papa Shiba envisions building a solid ecosystem that generates community-driven funding to assist dog-centric charities worldwide. The core purpose of the token is to help charities get set up to accept or receive cryptocurrency as donations. Papa Shiba enables the token holders to leverage crypto assets to generate wealth and passive income.

Papa Shiba has a fair token distribution system. The token supply of PHIBA is evenly distributed across all holders. Fifty percent of the total token supply is burned. Fifteen percent of the total PHIBA token supply is allotted for marketing, and 30 percent for the liquidity pool. The remaining 5 percent of the total supply is used for transaction fees. The top one hundred of PHIBA own no more than 1 percent of the entire token supply. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means that the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value. One of the main features of Papa Shiba is transparency. Papa Shiba maintains open communication with the token holders. Therefore, holders stay involved with every step of PHIBA's growth. PHIBA also provides security related to holder funds.

Papa Shiba (PHIBA) is a community-driven, deflationary, DeFi token.) that

provides passive rewards to holders. Deflationary tokens are tokens that are fashioned to reduce supply over time. The PHIBA token is based on the Ethereum blockchain. PHIBA token is community-led and driven, which means that Papa Shiba encourages every person to be involved in the marketing and charitable efforts of the PHIBA token. A passionate group of expert marketers and professional entrepreneurs spearhead the Papa Shiba (PHIBA) community. Community-focused PHIBA brings a new dynamic to the world of dog-meme tokens by serving purpose and utility.

PHIBA was launched in May 2021. According to the roadmap mentioned in its whitepaper, Papa Shiba launched its website in phase 1. Papa Shiba also completed its community marketing fund in phase 1. In phase 2, Papa Shiba redesigned its website. Papa Shiba completed the marketing agency partnership and influencer marketing partnership in phase 2.