ShibaDoge (SHIBDOGE) is a hyper-deflationary ERC-20 token that represents a groundbreaking venture, bringing together two of the most vibrant communities in the cryptocurrency world: Shiba Inu and Dogecoin. This initiative is driven by whales from both communities with a vision to unite these seemingly rival factions for a noble cause. The primary mission of ShibaDoge is to challenge the traditional, government-controlled monetary systems by empowering the people and fostering a unified community spirit aimed at the betterment of mankind.
At its core, ShibaDoge aims to merge the communities behind Shiba Inu and Dogecoin, leveraging their combined market capitalization, which stands impressively over $40 billion USD, and a base of more than 5 million token holders. The project sets a short-term goal to attract 1% of these communities, aiming to create substantial value for over 50,000 holders and generate over $400 million in value. This focus on uniting a small percentage initially is strategic, with the belief that it will catalyze broader community integration and support for the SHIBDOGE token.
The tokenomics of ShibaDoge are carefully structured to promote sustainability and growth. It features a 15% buy and sell fee, which is broken down into a 5% burn tax, 5% allocated for marketing and development, and 5% distributed as reflections to all holders. This reflection mechanism ensures that holders earn a share of the transaction fees based on their ownership percentage, encouraging long-term holding. Remarkably, 50% of the token's initial supply was burned upon launch, significantly reducing the available supply and enhancing its deflationary nature. As the DEAD wallet is considered a holder, the reflections it receives are also burned, further amplifying ShibaDoge's deflationary mechanism by ensuring over 2.5% of every transaction is forever removed from circulation.
ShibaDoge, symbolized as SHIBDOGE, officially launched on December 24th, 2021, with an initial supply of 420 sextillion. To ensure fairness and security, the token has implemented a maximum wallet holding of 1% of the total supply and has locked its liquidity, providing additional assurance to its holders. This innovative project stands as a testament to the power of community-driven initiatives in the cryptocurrency space, aiming to bridge divides and create a unified platform for financial empowerment and growth.
Comments
0 comments
Article is closed for comments.