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SHIB —— A Decentralized Meme Token
**Website Explorer Whitepaper**
SHIB is an experiment in decentralized spontaneous community building. SHIB token is the first token running 100% by community and allows users to hold Billions or even Trillions of them. Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking). Popular worldwide, and already up thousands of percent, Shiba token ($Shib) is the first cryptocurrency token to be listed and incentivized on ShibaSwap.
The 50% of the total supply to Uniswap was locked and threw away the keys!
The remaining 50% was burned to Vitalik Buterin, everyone has to buy on the open market, ensuring a fair and complete distribution where developers don't own team tokens they can dump on the community.
In addition to the SHIB token, it also released two other tokens: LEASH and BONE.
The innovation of SHIB is to complete a completely decentralized attempt to distribute tokens based on mechanisms such as PoS.
Most blockchain projects were based on the PoW mechanism in the early days. Just like Bitcoin, everyone can mine. This kind of token distribution is completely decentralized; but with the emergence of the PoS mechanism, the distribution of tokens of blockchain projects began to have a certain degree of centralization. For projects based on mechanisms such as PoS, tokens are generally reserved for the team and the foundation. The tokens reserved for the team are mainly used to encourage team development, and the tokens reserved for the foundation are mainly used for ecological construction. In practice, this two are almost the same, and the disadvantages of centralization are very serious.
This approach of the Shiba Inu community requires everyone to buy on the open market, so that developers cannot dump their team tokens in the community, thereby ensuring fairness and complete decentralization.