Full description of Shibnobi
SHIBNOBI (SHINJA) is an ERC20 deflationary token, which was conceived to bring revolutionary changes to the
Decentralized (?) finance industry. The Ethereum-based platform was launched on November 15, 2021. Since its inception, the team has been working on multiple products. One of the most promising projects of the facility is DojoSwap, a multi-chain swap solution for Ethereum, Binance, Cronos, and Polygon.
The company standing behind the project is Shinja which is headquartered in Maryland, US. As it focuses on international customers, the platform tries to establish itself on the global market. One of the missions pursued by the project is to change the
Cryptocurrency (?) space making it safer and fairer. The platform also pursues educational goals trying to be more informative for all its users, from legal entities to individual investors.
SHIBNOBI platform
The in-house team of the platform is working on its proprietary
Blockchain (?) known as Kusari Blockchain (K-Chain). After the launch of the product, the platform is going to release two assets, Shinja ERC20 token, and Shinja coin.
Kusari blockchain is conceived as a hard
Fork (?) of the Ethereum blockchain which is based on proof-of-stake
Consensus (?) algorithm. Among the key features of the Kusari blockchain are a higher transaction speed and less expensive gas fees compared to Ethereum.
The platform offers instant
Staking (?) via reflection and an anti-whale mechanism to help the members of the ecosystem to generate income. As reflection tokens generate rewards for their holders with the help of transactional taxes, the founders of the Shinobi platform have selected this mechanism as the basis to keep investors loyal to a project. With Shinobi, reflections are available for those who purchase native tokens on such platforms as Fegex or Uniswap. However, those who use Hotbit for the purchase won’t be able to get reflections as this platform doesn’t allow this feature. Customers need to transfer their tokens to Metamask or other wallets to get reflections purchased on that exchange.
Shibnobi tokenomics is supported by regular burning events that are performed manually as the protocol doesn’t allow automatic burns. After the first burn, which took place at the end of January 2022, the value of the asset increased. At the time of writing, more than 34% of the total supply has been burned since the launch of the token.
SHIBNOBI software
In addition to K-Chain mentioned above, Shibnobi invests in a few other main projects. These are its multichain DEX DojoSwap, the Katana
Wallet (?) with an inbuilt 2FA feature, and a PTE (play-to-earn) virtual ecosystem.
The team recognizes the necessity to develop a user-friendly multi-chain swap in the
DeFi (Decentralized Finance) (?) industry to make it a
Crypto (?) tool for mass use. The founders of the platform believe that there are no customer-oriented and easy-to-use tools in the EVM-compatible DeFi space. Therefore, the in-house team addresses this issue by creating a new network with a radically different approach.
The team develops the AMM (Automatic Market Making) system equipped with user-friendly tools enabling an easy trading process for all members of the ecosystem. The goal of the company is to make these tools function across numerous chains. DojoSwap positions itself as a game-changing platform that is perfect for the mass adoption of cryptocurrencies thanks to the simplicity of its interface. The platform doesn’t deal with an order book, neither it relies on several exchanges on different networks. Instead, it enables the swap of tokens even when non-native assets are being traded. The function becomes available with the launch of SHINJA on Polygon and BSC together with bridging.
Additionally, the company plans to start working on Dojoverse, a huge and promising project of the platform’s metaverse, a virtual reality of Shibnobi. The facility plans to launch
NFT (Non-Fungible Token) (?) marketplaces where users will be able to buy and own land, hold businesses, travel to other Metaverse worlds, etc. New users will start their journey in virtual reality via Dojodisc.
Shibnobi token
The
Token (?) is used for the generation of passive income on several networks, which are the
Binance exchange (?) Smart Chain, Polygon Networks, and Ethereum.
The token was initially launched in November 2021 on the Ethereum network with the birth of the project. The team members have selected Ethereum to strengthen the stability of their own platform. After the release of the token, the company scheduled releases on the Binance Smart Chain (BSC) and Polygon (MATIC).
Though Shibnobi looks like a meme token, it also has utility functions to support the ecosystem. Each new product developed by the team expands the functionality of an asset. At the time of writing, there are about 50,000 Shinja holders. It is possible to buy the token on Uniswap, Fegex, HotBit, and BitMart. The platform cooperates with Lbank that is actively promoting Shibnobi. Lbank has enlisted the asset and made it available for purchase on January 30, 2022.
Shibnobi security
The company was audited by Certik, a famous auditing company, and received a score 84/100. The full review of the audit can be found on the website of the auditing company. In November 2021, the code of the platform’s smart contract was also audited by Techrate. The report is available on Github.
The members of the team are fully doxxed and always answer the questions on AMA. Their profiles are open to the public as well. In case of fraud, the authorities will be able to take measures since their information is available publicly.
Shibnobi team
The project is led by the developer Cliff Fettner who plans to grow Shibnobi into the leading protocol on the DeFi market. In his opinion, the facility should be a one-stop platform for all traders on EVM-compatible networks. Cliff is a highly-experienced specialist in the fintech and blockchain spheres with 25+ years of experience in software engineering. Other key members of the Shibnobi team are Ell Cee, CMO, and André Santos, the graphic designer.
- Exchange symbol (?): SHINJA
- Cryptocurrency type (?): Token (?)
Shibnobi for developers
Shibnobi social sites
Source: NOMICS
