Kashima Inu (SHIMA) claims to be a community-owned decentralized virtual NFT gaming project. It aims to redesign the decentralized finance (DeFi) gaming structure and convert it into a robust ecosystem curated for DeFi. Kashima Inu intends to leverage the power of DeFi gaming and to offer users the resources they need to take charge of their financial future.
Kashima Ecosystem seeks to be safer, more accessible, and more rewarding than competitors, hosting a circular ecosystem that offers incentives to holders, traders, and developers. Moreover, Kashima Swap is the official DEX (Decentralized Exchange),enabling users to swap independently among any BEP20 token for another. It is powered by Pancakeswap, which is considered a safe and trusted DEX globally.
SHIMA is the utility token of the Kashima Ecosystem powered by the Binance Smart Chain (BSC). The token can be used while playing NFT based games, staking, and swapping. It can also be used on the Kashima marketplace, allowing users to manage and exchange NFTs.
SHIMA tokens can be staked to receive exclusive NFT rewards and digital collectibles by the artists of the SHIMA community. In addition, the platform hosts an automated token buyback and burn, which deducts 3% from each transaction and transfers them to the burn address. This 3% is redistributed to all holders, making the SHIMA price more stabilized. Here, burning is the process of sending tokens to an inaccessible wallet address to remove them from circulation.
The ecosystem also consists of SHIMAPad, a decentralized fundraising platform that helps to enable projects to raise capital and support early-stage start-ups. The SHIMA ecosystem also offers SHIMAMerch, a store where clothing for men and women is available.