BitWell Research – SHIBA INU (SHIB) Project Analysis

1.Institute Short Review

PAC Protocol CEO David Gokhshtein tweeted that there are crypto whales buying SHIB in bulk. Multiple crypto whales have bought SHIB in the past two weeks, with the largest transaction to date involving $46 million worth of SHIB. spurred on by the news, SHIB has gained significantly in the short.

2.Project Description

Shiba Inu (SHIB) is an experiment in decentralized community building, it is another meme token similar to Dogecoin. SHIB is the native token of Shiba Inu and it will be the first token to be brought online and used for incentives by the decentralized exchange ShibaSwap.

Products:

  • Shibaswap:
    The first product is shibaswap, a decentralized exchange.
  • Shiba Inu Art NFT:
    The logo of this project is a Shiba Inu, and the explosion of the project has something to do with that. So now the project has gathered some artists who create Shiba Inu to create a related NFT to further expand the project’s reach.
  • Public Service:
    By using Amazon Smile products when shopping on Amazon and choosing Shiba Inu rescues, you can give a helping hand to the world’s unreduced Shiba Inus without paying extra money. This is a great way to gain the attention of dog lovers and expand the shib community.

3.Token Role

  • Serve as a vehicle to spread Shiba Inu culture
  • Liquidity mining to mine bone tokens

There are two other tokens in the ecosystem, leash and bone:

  • BONE is the platform coin of shibswap and is mined entirely
  • LEASH is SHIB’s mining coin, with a total of 100,000 tokens.

4.Token allocation

Total supply of SHIB: 1000 trillion

50% Liquidity pool, 50% Send to Vitalik Buterin’s ERC 20 address.

5.Investment Institutions

None

6.Base Information

Token name: SHIB

Project website: https://shibatoken.com/

Contract: https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce