Shiba Inu (Shib) is an experiment in the construction of decentralized community. It is another meme token similar to dogecoin. Shib is the native token of Shiba Inu. It will be the first token to be launched by shibaswap, a decentralized exchange, and used for incentives.
Shib is an experiment in decentralized spontaneous community construction. After our initial establishment, celebrities in the telegraph industry formed a leading group. The purpose of this group is to assign skills within the community to appropriate roles in shibs development and agree on shibs’s future decisions. Anyone who has the skills or time they can contribute to Shib will be invited to help develop and advance Shib. The team has so far been responsible for logo creation, social media presence, marketing and website development. Shib community is the core of this project and will continue to develop and expand.
The innovation of Shib is to make token distribution based on POS and other mechanisms complete a completely decentralized attempt.
Most blockchain projects were based on POW mechanism in the early stage. Like bitcoin, everyone can dig it. This kind of token distribution is completely decentralized; However, with the emergence of POS mechanism, token distribution in blockchain projects began to have certain centralized characteristics. For projects based on POS and other mechanisms, tokens are generally reserved for teams and foundations. What is reserved for teams is mainly used to stimulate team development, and what is reserved for foundations is mainly used for ecological construction. In practice, the two are almost a group of people, and the disadvantage of centralization is very serious.
This practice of Shiba Inu community makes everyone have to buy in the open market, so that developers cannot dump their team tokens in the community, so as to ensure fair and complete decentralization. For the tokens transferred to the address of V God, if V God finally participates in the project development, 50% of the tokens may act as an ecological fund.
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