Shina Inu

Shina Inu (SHI) is a decentralized meme token that operates on the Ethereum blockchain. It is a community-driven project that strives to contribute to the crypto community, support charitable causes, and establish a connection with the Shiba Inu token. Shina Inu is not just a token, but also a platform for NFT sales, which are used to fund the team and intends to provide features such as access to events and rewards. The Shina Inu token is built on the Ethereum platform, utilizing the features Ethereum provides. The token is not a cryptocurrency in the strict sense, but rather a token built on top of a host blockchain.

Shina Inu operates through a unique mechanism that involves burning tokens, which are sent to an inactive wallet, thereby reducing the total number of tokens in circulation. This process intends to create a deflationary effect, which may affect the market cap if demand changes. Shina Inu also has a Charity Burn Mechanism, which burns community staked tokens from a new burn bank as donations occur. This mechanism consists of two pools: the Donation Pool, which receives non-SHI assets on the Ethereum blockchain, and the Shina Burn Bank, where SHI or SHIB can be deposited and burned as donations occur.

Shina Inu seeks to serve multiple purposes within the crypto community. It strives to support Shiba Inu adoption, uniting Shina Inu and Shiba Inu enthusiasts. The token also aims to support charitable organizations working towards alleviating poverty. Furthermore, Shina Inu seeks to support the cryptocurrency development community and artists through contests, NFT sales, giveaways, and other means. The token's deflationary mechanism may be of interest to users observing tokens with decreasing supply. Lastly, the token's connection with NFTs opens up possibilities for use in digital art, collectibles, and access to events and rewards.

Shina Inu was founded by a community passionate about crypto and decentralization. The project started with the creation of the Shina Inu token and the establishment of a website and accounts in early 2022. The team then minted the first batch of NFTs and initiated a liquidity pool. The Shina Inu Token contract, a copy of Shiba Inu’s contract, was created, and the token was made available on various platforms. The team also burned its NFT and the dev wallet containing 19% of the supply. The project has a Charity Burn Mechanism and intends to develop further.