ShibaCorgi

ShibaCorgi (SHICO) is a meme token created using inspiration from Shiba Inu and Doge. Meme tokens are cryptocurrencies influenced by the jokes and memes viral in internet circles. ShibaCorgi aims to function as a protocol combining two core blockchain-driven functions. The first is to enhance passive earnings and yields among crypto users. And secondly, ShibaCorgi wishes to encourage more trading of crypto assets and a high transaction volume among users.

SHICO is the native token and primarily functions on the Binance Smart Chain (BSC). Since ShibaCorgi intends to increase passive yields, the token encourages users to participate in the staking of SHICO for better earnings. Users can hold the tokens and yield farm SHICO to gain higher revenues and token rewards. ShibaCorgi also allows users to contribute towards the additional liquidity of SHICO. The SHICO tokens are pooled in locked liquidity for a pre-scheduled tenure to secure crypto projects from potential scams. SHICO is listed on decentralized exchanges (DEX) like Pancakeswap to help users purchase and trade the tokens seamlessly.

SHICO is a deflationary token, implying that the supply of SHICO lowers with time. As the website mentions, ShibaCorgi levies a 4 percent tax every time a user conducts on-chain trading of SHICO tokens. Two percent of the transaction charges are reserved and handed out as rewards to the SHICO holders. The remaining 2 percent of the tokens gathered as taxes are burned or eliminated from circulation. Coin burning is when a fraction of the tokens are sent to a crypto wallet with no private key. This ensures that the coins are lost forever. By decreasing the availability of SHICO tokens, the value of the crypto asset increases.

ShibaCorgi was introduced on March 17, 2021. According to the website, the total supply of ShibaCorgi tokens is 10,000,000,000,000,000,000,000 SHICO.