What is Shiba Lite?
Shiba Lite, a community driven meme token, inspired and adapted from Shiba Inu, the most popular and highly traded Shiba dog meme token. Developed to be the next most popular meme token like Shiba Inu, Shiba Lite focuses on providing better and improved services — faster transactions and lower transaction fees.
The star of Shiba Lite’s platform, a decentralized NFT Lite Launchpad and a wallet application for purchasing and selling of NFTs are currently in works for full integration into their platform. The NFT Lite Launchpad will allow NFT creations of all types, encouraging any artists to create NFTs on dApps for larger NFT adoption. Every month, proceeds from the NFT Lite Launchpad will be donated to different charities chosen by the community.
SHIBLITE Token Overview
Total Supply: 1,000,000,000,000,000
Transaction Tax: 7% (3% distributed to SHIBLITE hodlers through ‘reflections’, 2% goes to the liquidity pool, 1% burnt, 1% for marketing & development)
Market Cap: $6,388,812
Launch Date: 2 November 2021
Coinstore Listing: 18 November 2021, 18:00 (UTC+8)
Deposit Opens: 17 November 2021, 13:00 (UTC+8)
Withdrawal Opens: 22 November 2021, 13:00 (UTC+8)
Token Utility of SHIBLITE
SHIBLITE, the native token of a Shiba Lite, is the unit of exchange on Shiba Lite and are designed to automatically reward SHIBLITE holders through 3% reflections written in their smart contract. The launch of the NFT Lite Launchpad creates greater utility for SHIBLITE as SHIBLITE are used to buy, sell and create NFTs. Users who stake an NFT on Lite Launch will be rewarded with SHIBLITE.
At the time of writing, each SHIBLITE token is valued at 0.0000000146~ USDT. With Shiba Lite’s excellent product services and unique platform functions, SHIBLITE has many utilities and is expected to have great potential and achieve extensive uptake and traction globally.
A Closer Look at SHIBLITE’s Tokenomics
SHIBLITE’s total token supply is 1,000,000,000,000,000, with 3% of each SHIBLITE transaction ‘reflected’ and distributed to SHIBLITE’s holders. SHIBLITE’s tokenomics are as such:
- 60% tokens are burnt initially
- 39% tokens are used for liquidity to SHIBLITE holders (locked for 2 years)
- 1% tokens are used for marketing and platform development
For every transaction, 3% are ‘reflected’ back to users as rewards. Tokens and funds in the development and marketing wallet funds are used for social media marketing to increase SHIBLITE adoption.
SHIBLITE’s Upcoming Project Plans
Lined up in Shiba Lite’s project plan, Shiba Lite plans to mint 50 exclusive Shiba Lite NFTs on Opensea’s NFT marketplace. Shiba Lite’s team is fully focused on creating their NFT Lite Launchpad, and the Beta Testing rounds are expected to complete at the end of Quarter 2, 2022, (or even earlier). Concurrently, their Shiba Lite Wallet—Wallite, is also under development for full integration into the LiteLaunch platform.
Through a Shiba Lite community initiative, the community has voted for a 20,000,000,000,000 SHIBLITE token burn as a celebration for SHIBLITE’s token listing on Coinstore. For a total of 4 weeks, Shiba Lite will be releasing 100 exclusive NFTs every Wednesday on https://tofunft.com/collection/lite-guys/items. Very soon, Coinstore Exchange will also be launching their own NFT marketplace, and users will be able to purchase and sell NFTs directly on their platform.
SHIBLITE’s Official Channels
Website: https://www.shiblite.com/
Telegram: https://t.me/shiblite
Twitter: https://twitter.com/ShibLite
Get $SHIBLITE on Coinstore: https://www.coinstore.com/#/spot/SHIBLITEUSDT
Download the Coinstore app: https://www.coinstore.com
About Coinstore
Coinstore’s goal is to advance the crypto industry to the next level and provide access to popular digital assets to the mainstream public. Encompassing a whole new concept of “fun” in finance, Coinstore plans to make digital assets available for everyone. Still in the early stages, Coinstore welcomes community members and interested influencer partners to collaborate in the up-and-coming stages.
Media Contact:
Charles Tan, Marketing Head, Coinstore
charles@coinstore.com
Liu Yi Yun, Branding Executive, Coinstore
yiyun@coinstore.com
Coinstore Social Media:
Twitter: https://twitter.com/coinstore_en
Telegram Discussion Group：https://t.me/coinstore_english
Telegram Announcement Channel：https://t.me/coinstore_global
Facebook: https://www.facebook.com/coinstore.en/
Website: https://www.coinstore.com
Discord: https://discord.gg/KKHtHa4KPX
Instagram: https://instagram.com/coinstore_exchange
Youtube: https://www.youtube.com/channel/UCHu0m61HHuDftQVE_0jHaYA/videos
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
