Source : coinquora.com
Shibnobi (SHINJA) is an innovative deflationary token aiming to revolutionize DeFi, introducing a multi-chain swap (DojoSwap) across Ethereum (ETH), Binance (BNB), and Polygon (MATIC).
Led by developer Cliff Fettner, Shibnobi focuses on developing a user-friendly multi-chain swap in the DeFi ecosystem, having rewards for the early participants. Its vision is to grow Shibnobi into the leading DeFi protocol, a one-stop-shop for all traders on EVM-compatible networks, and usher in an era of user-friendly and intuitive cryptocurrency trading for DeFi novices and experts alike.
On 15 November 2021, Shibnobi launched on the Ethereum (ETH) network, listed on both Uniswap and FegEx, and has scheduled upcoming launches on the Binance Smart Chain (BSC) in December 2021 and Polygon (MATIC) in January 2022.
DojoSwap is conceptualized to address the lack of user-friendly tools across EVM-compatible networks in DeFi. DojoSwap will be built on a decentralized AMM system leveraging liquidity pools powered by users to enable seamless crypto trades across multiple chains.
Instead of dealing with an order book, or utilizing multiple exchanges on different networks (i.e. Uniswap on Ethereum, PancakeSwap on Binance, and QuickSwap on Polygon), users can swap their tokens directly on DojoSwap regardless of which network they are trading on. This will be achieved through the upcoming launches of Shibnobi (SHINJA) on both BSC and Polygon, along with bridging.
Users will have the ability to stake their tokens in the liquidity pools and earn growing rewards traditionally made exclusive to the middlemen of centralized exchanges. Liquidity providers will also have the option of staking their LP tokens in secured pools to receive additional rewards.
SHIBNOBI (SHINJA) TOKENOMICS:
SHINJA is the native token of DojoSwap with a total supply of 69 sextillion tokens. Total supply is broken down as follows:
- Team and founders: 7% locked in for 1 month
- Token sale: 12% (Vested with distributions over 8 weeks)
- Partnerships and exchange listings: 28%
- Ecosystem (staking, scheduled burns, etc.): 40%
- Uniswap: 13%
SHINJA is a deflationary token that gives users real-time value and rewards, with a 13% transaction tax:
- Liquidity pool: Price appreciation through a 5% tax distributed to the liquidity pool.
- Marketing and development: 5% tax used to promote and grow the Shibnobi ecosystem.
- Instant-staking: Passive income for SHINJA tokens holders by way of a 3% reflection tax.
- Scheduled burns: >34% of the total supply burned since launch, with upcoming burns making SHINJA deflationary.
ABOUT THE TEAM – DEMOCRATIC ACCOUNTABILITY:
Shibnobi is led and developed by CEO Cliff Fettner, a blockchain and fintech expert with over 25 years of experience in software engineering. Core team members include Chief Marketing Officer (CMO) Ell Ceee, and graphics designer André Santos.
The core team is fully doxxed to the Shibnobi community, and have also undergone KYC with external third-parties (https://app.airnfts.com/nft/SHIBNOBICOM_1637602211268). Lead developer Cliff Fettner has embraced an ethos of democratic accountability, which has fostered high levels of trust and transparency within the community.
The Shibnobi team seeks to change the game, by destroying the plague of anonymity and uncertainty in the decentralized web, aiming to be the rare MEME Coin in existence that will be transparent and fully secure.
More about the Shibnobi Project:
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