Shiba Inu launched in 2020 with an initial supply of 1,000,000,000,000,000 SHIB tokens and has seen nearly half of that supply burned thanks to Vitalik Buterin. The community has since dedicated itself to burning more tokens in order to build scarcity and increase its value. With its enormous supply, the community faces an equally enormous task, so Shiba Enjin was created to join that task.
Shiba Enjin is a SHIB-burn project that also offers rewards. This is accomplished through The Enjin Collection which is made up of four burn & reward tokens as well as The Inferno Token which serves as a burn portal. Shiba Enjin also offers The Currency Token which is a simple circulating currency.
Shiba Enjin
(SHIBEN)
Supply: 1,000,000
10% on Buy & Sell:
3% to burn SHIB.
3% to reward SHIB.
2% for the treasury.
2% for liquidity.
Ryoshi Enjin
(RYSHEN)
Supply: 1,000,000
10% on Buy & Sell:
3% to burn SHIB.
3% to reward BONE.
2% for the treasury.
2% for liquidity.
Doge Killa Enjin
(DOSHEN)
Supply: 1,000,000
10% on Buy & Sell:
3% to burn SHIB.
3% to reward LEASH.
2% for the treasury.
2% for liquidity.
Shytoshi Enjin
(TOSHEN)
Supply: 1,000,000
10% on Buy & Sell:
3% to burn SHIB.
3% to reward TREAT.
2% for the treasury.
2% for liquidity.
When you buy the burn & reward tokens, a 10% fee is added and when you sell, a 10% fee is deducted. That 10% will go towards burning SHIB, providing liquidity for trading, providing funds for the treasury, and distributing a lump sum reward consisting of SHIB, BONE, LEASH or TREAT to multiple winners who opt in to be eligible. Rewards are deposited directly into the winners' wallets.
The 10% fee does not apply to token transfers between wallets.
Tokens from The Enjin Collection are scarce. The total supply for each token is 1,000,000 tokens.
NOTE: Trading for The Enjin Collection will start with a limit of 5,000 tokens per wallet (0.5% of the total supply). This is to discourage the buying and holding of a large chunk of the supply by a single wallet as trading takes off. This limit will be lifted at an unspecified time in the near future.
Shiba Inferno
(SHIBIN)
Supply: 1,000
10% on Buy & Sell:
6% to burn SHIB.
2% for the treasury.
2% for liquidity.
Shiba Inferno is not just a tradable or spendable token. It also serves as a burn portal. 6% of your 10% fee will go towards burning SHIB. And when you buy or sell the burn & reward tokens from The Enjin Collection, the SHIB that is collected by those tokens' fees will be sent to Shiba Inferno and burned.
You can also manually send SHIB to Shiba Inferno's address and that SHIB will also be burned. Not only that, any SHIB sent to any of our tokens will be forwarded to Shiba Inferno and burned.
The 10% fee does not apply to token transfers between wallets.
Shiba Inferno is our scarcest token. The total supply is 1,000 tokens.
NOTE: Trading will start with a limit of 5 tokens per wallet (0.5% of the total supply). This is to discourage the buying and holding of a large chunk of the supply by a single wallet as trading takes off. This limit will be lifted at an unspecified time in the near future.
While any or our tokens can be used as currency, Shiba Tsuka is specially dedicated to that task. Shiba Tsuka (aka SHIBKA) is a simple spending token and has no buy or sell fees. All you pay is the gas fee for transactions.
Shiba Tsuka has an initial circulating supply of 1,000,000,000,000 tokens and has two optional inflationary mechanisms to ensure that this token is spendable and not driven by scarcity.
NOTE: Trading will start with a limit of 5,000,000,000 tokens per wallet (0.5% of the total supply). This is to discourage the buying and holding of a large chunk of the supply by a single wallet as trading takes off. This limit will be lifted at an unspecified time in the near future.
Can Shiba Enjin actually make a dent in reducing the SHIB supply? Of course. It's an on-going burn mechanism that accomplishes its task through active trading, and if you're lucky enough to win the rewards in SHIB, BONE, LEASH or TREAT, you win big and your prize will allow you to have an influence in Shiba Inu's ecosystem.
Burning the SHIB supply is an enormous task but along the way, you can gain an advantage in the Shiba Inu ecosystem.
Shiba Enjin tokens are controlled by the community through voting in an appended governance contract. There is no team, figurehead, or management. Want to change the tax structure? Want to alter any other function, even change the name and ticker symbol of the tokens to take on a new mission? This is all possible. Shiba Enjin isn't just decentralized, it's adaptable. And with their built in bridges, each token can move between Ethereum and Shibarium (and future chains). For more details, read the white paper by clicking the link below.
As a bonus, blockchain gas fees are reimbursed for governance functions, with the exception of voting (as long as funds are available in the treasury, which are collected through taxes). Off-chain voting, however, is supported by the token contracts and can be set up by the community if so desired.
Decentralized on launch, controlled directly by the community with no team involved, committed to burning SHIB, and ready for the future. And don't forget... liquidity will grow, and rewards will flow.
NOTE: Holders can appoint up to five trusted individuals to serve as administrators who can control the token functions with the exception of minting new tokens and appointing other administrators. The deployer will serve as an administrator on all ten tokens at launch and can be kicked off at any time by the community.
