Micro Review

Tokenomics

Marketing

Community

How well is this team delivering on their promises

Progress

On-Chain Activity

Team

Technology

Overall, I'm not a fan of this model. But here it is...

The tokenomics of Shiba Inu (SHIB), a cryptocurrency token created in August 2020, is interesting for its decentralized and community-focused approach, similar to other meme tokens like Dogecoin. Here's a summary of its key features:

Supply: Shiba Inu has a massive total supply of one quadrillion tokens. This large supply is partially offset by a mechanism that permanently removes tokens from circulation, known as "burning". A significant portion of the supply was initially sent to Ethereum co-founder Vitalik Buterin, who burned 90% of it (over 410 trillion SHIB) by sending them to a dead blockchain address, effectively removing them from circulation.

Distribution: Shiba Inu does not have a team allocation or pre-mining phase, which means that the tokens were all made available to the public from the start. This approach aligns with its community-driven nature, aiming to prevent large holders (whales) from manipulating the price.

Decentralization: Shiba Inu's development and maintenance are managed by a decentralized community of supporters and contributors. The project does not have a centralized authority, which aligns with the broader ethos of decentralization in the cryptocurrency world.

Utility and Ecosystem: The Shiba Inu ecosystem includes a decentralized exchange called ShibaSwap, which facilitates token swaps and staking. Users can stake their SHIB tokens to earn rewards, which helps reduce the circulating supply and could potentially increase the token's value. Additionally, the ecosystem plans to include NFTs and other blockchain-based projects to expand its utility.

Governance: While not initially set up with governance features, the community has roles in guiding the development and direction of the project. This could potentially evolve into a more formalized governance structure as the ecosystem matures.

Incentives: SHIB holders are incentivized to hold their tokens through staking mechanisms and participation in the ecosystem’s development. Rewards are typically paid in SHIB and other tokens within the ecosystem, such as LEASH and BONE, which serve different purposes like governance and staking.

Shiba Inu (SHIB) is a cryptocurrency and operates on the Ethereum platform

Shiba Inu SHIB

About

Average Score1 E