MoonShiba (MOONSHIB) is a decentralized community-driven cryptocurrency belonging to the Shiba Inu ecosystem. MOONSHIB seeks to play a vital role in the Shiba ecosystem. This token aims to be a utility and community-oriented project by providing users the benefits of buyback and additional rewards. A buyback occurs when an organization purchases its remaining cryptocurrencies to reduce the number of coins in the market.
Moreover, the network has built a unique model with a sharing economy to aim to provide users with exciting benefits. At present, the Shiba ecosystem offers its services to 3,000 users through Shiba Inu on the Binance Smart Chain. Binance Smart Chain is a blockchain network built for operating applications based on smart contracts. Further, this asset consists of three tokens: Shiba Mars, Shiba Moon, and Shiba Earth. Each Shiba Collectible is uniquely programmed and seeks to offer users several benefits like access to the NFTs, special giveaways, insights, updates, etc.
Additionally, this platform aims to provide $MOONSHIB tokens to all the MoonShiba users for storing the token in the wallet. The holders also get a 5% fee from every trade on the MoonShiba network. The network also burns 30% of the token’s total supply every month. Coin burning refers to the process of sending the cryptocurrency to an unused wallet to remove it from circulation permanently.
MoonShiba also offers a feature of ShibaSwap that aims to allow users to stake, liquidate, and SWAP coins to gain rewards and returns. The network also seeks to send MoonShiba dividends to the user’s wallet if the holder possesses 500,000 $MOONSHIB coins or more. The platform charges a 10% tax on each transaction, further distributed into two parts—5% of the tax is redistributed to the token holders, and the network sends the remaining half back to liquidity.