What Is XR Shiba Inu (XRSHIB)?
XR Shiba Inu (XRSHIB) is a cryptocurrency token that is powered by the XRP Ledger. Its mission is to bring cryptocurrency to the masses in a way that benefits humans and furry pets, while also bridging the gap in understanding about what cryptocurrencies are and what they can become. XRSHIB aims to address the shortcomings of other cryptocurrencies by being fast, energy-efficient, and reliable. It is designed to incentivize holding and reward holders through airdrops and transaction fee rewards. Additionally, 2% of transaction fees will be donated to the Best Friends Animal Society to help support and save animal lives.
Who Are the Founders of XR Shiba Inu?
There is limited information available about the founders of XR Shiba Inu, other than the fact that the project was co-founded by two individuals named Alex and Mark.
What Makes XR Shiba Inu Unique?
XR Shiba Inu (XRSHIB) is unique in several ways. Firstly, it is built on the XRP Ledger (XRPL), which is known for its speed, scalability, and low transaction fees. This means that XRSHIB can provide fast and affordable transactions, making it a practical cryptocurrency for everyday use.
Secondly, XRSHIB has a social mission to benefit animals. 2% of the value of all transactions made with XRSHIB is donated to the Best Friends Animal Society, which helps support and save animal lives. This provides a socially responsible use case for the token, which sets it apart from other cryptocurrencies.
Finally, XRSHIB has a unique tokenomics structure that incentivizes holding the token. Holders of XRSHIB are rewarded with regular airdrops comprising 2% of the transaction fees, which further encourages the holding of the token. Additionally, early supporters of the project were rewarded with a massive airdrop of 67% of the total token supply, making it more accessible to a larger number of people.
Overall, XR Shiba Inu is a unique and socially responsible cryptocurrency that leverages the benefits of the XRP Ledger to provide fast and affordable transactions, while also providing a practical use case for animal lovers.
XR Shiba Inu (XRSHIB) has a utility beyond just being a medium of exchange. 4% of the value of all transactions made with the token will be set aside to two dedicated wallets.
Of this 4%, 2% will be donated to the Best Friends Animal Society to help support and save animal lives. These funds will be donated on a recurring basis, and will be fully visible on the blockchain, ensuring full transparency and accountability of where the funds are going.
The remaining 2% will be redistributed to token holders at regular snapshot intervals, depending on the amount of XRSHIB held at various dates to be defined in the future. This is meant to incentivize holding of the token and reward early supporters.
The XRSHIB team will also work towards a broader adoption of the token as acceptance of XRPL technologies continues to rise. Through these efforts and other initiatives led by the XRSHIB team, the utility and use of the token is expected to strengthen in the months and years to come.
According to the information provided, XR Shiba Inu (XRSHIB) will have a total supply of one quadrillion tokens. Of these, 67% of the tokens will be airdropped on November 26th, 2021, and another 10% will be airdropped to token holders who continue to hold the token through the end of May, 2022. The remaining 23% of tokens will be allocated to the XR Shiba Inu team, consultants and advisors, liquidity for exchanges, community incentives, marketing, and partnership opportunities.
The breakdown of token allocation is as follows:
Airdrop (November 26th, 2021): 67% (670,000,000,000,000 tokens)
Airdrop (End of May, 2022): 10% (100,000,000,000,000 tokens)
XR Shiba Inu Team: 5% (50,000,000,000,000 tokens)
Exchange Liquidity: 5% (50,000,000,000,000 tokens)
Marketing: 8% (80,000,000,000,000 tokens)
Partnerships: 2.5% (25,000,000,000,000 tokens)
Community Incentives: 2.5% (25,000,000,000,000 tokens)
It's worth noting that 4% of the value of all transactions will be set aside to two dedicated wallets, with 2% being donated to the Best Friends Animal Society and the remaining 2% being redistributed to token holders at regular snapshot intervals as a reward for holding XRSHIB.
What purpose does XR Shiba Inu (XRSHIB) serve?
XR Shiba Inu (XRSHIB) aims to bring cryptocurrency to the masses in a way that benefits both humans and animals. The project aims to introduce a fun and usable currency for the world to use, while addressing the shortcomings of other cryptocurrencies. XRSHIB leverages the XRP Ledger (XRPL) to provide fast, energy-efficient, and reliable transactions. In addition to serving as a medium of exchange, XRSHIB is structured to allocate 4% of the value of all transactions to two dedicated wallets. 2% of the collected funds are donated to the Best Friends Animal Society to help support and save animal lives, and the remaining 2% is redistributed to token holders as a reward for holding XRSHIB. The XRSHIB team aims to incentivize the community to hold tokens for the first six months after the initial airdrop and work towards broader adoption of the token through promotional activities and identifying potential partnerships and ambassadors.