The new meme coin ShibaDoge has just arrived on the popular cryptocurrency exchange ProBit Global. Its goal is to empower Web3 communities. As the ShibaDoge team sees it, this listing is a huge step forward in establishing ShibaDoge as a leading force in the rapidly expanding meme industry. coins
By putting an emphasis on decentralization and community involvement, ShibaDoge hopes to depart from the conventional meme coin model. In their ideal world, communities would collaborate in a decentralized ecosystem to determine how conventional banking will evolve in the future.
They intend to accomplish this by launching campaigns to increase the accessibility of cryptocurrencies so that everyone can participate. Making it easier for people to communicate and interact using Doge and Shiba Inu is one of their primary objectives.
The tokenomics of ShibaDoge are intended to give holders sustainability and utility. The project employs a 50% burn mechanism with a total token supply of 420 sextillion. Reflections also receive 5% of the supply, so they can passively accumulate utility. To fuel the expansion of the project, an additional 5% is set aside for locked liquidity and marketing.
Tokenomics also features a mechanism to automatically deflate the supply by burning tokens with each transaction and a mechanism to protect whales by capping wallet sizes at 1% of the total supply. A more stable pricing environment for holders is the goal of these mechanisms, which aim to reduce selling pressure.
In the end, the team views ShibaDoge’s listing on ProBit Global as a major achievement. They highlighted how ShibaDoge is going to revolutionize meme coins in the cryptocurrency market by putting an emphasis on community engagement and using innovative tokenomics.
Crypto enthusiasts are encouraged to check out ShibaDoge (SHIBDOGE) on ProBit Global and take part in the trading competition. The group also discussed future opportunities to stake SHIBDOGE tokens and receive token rewards.