Meta Shiba is a meme-based decentralized project with a community-centered ecosystem. The project runs on the Binance Smart Chain (BSC) that integrates meme doge into the metaverse. The Metaverse is the future of technology where users can leverage applications worldwide and vigorously develop in cryptocurrency.
According to the whitepaper, users can use decentralized exchange DEX platforms such as PancakeSwap to trade all digital coins available on the BSC network using the platform. Moreover, the platform aims to launch a few features, including an NFT marketplace and NFT collectibles. The platform intends to empower users to create and trade their own NFTs. Apart from this, Land of Shiba is another project on which Meta Shiba is working. It is a play-to-earn gaming metaverse. Moreover, the project aims to thrive in the crypto market and lead the trend of leveraging meme token and gamification.
And lastly, the Meta Shiba Gamepad feature seeks to offer a series of gaming prelaunch support to gaming developers, such as trading unique in-game assets like NFTs, farms, an NFT auction, a trading marketplace, and many more.
The METASHIB token is the native token of Meta Shiba that works on the Binance Smart Chain. The platform aims to charge a 6% transaction fee for every trade, where 3% is used for redistribution to token holders. The remaining 3% adds to the liquidity. (Liquidity is the easy conversion of an asset into traditional currency without impacting the market price.)
The allocation of 40% of the total tokens is for burning. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost permanently. Tokens are usually burned to reduce availability and increase market value. Of the remaining 60% of tokens, 25% are for the platform's ecosystem, and 15% are used for liquidity.
Moreover, 6% is for team development and 5% for presales. Another 5% is for marketing and partnerships. And lastly, 3% is for charity and 1% for the airdrop. (An airdrop is a marketing method of distribution of specific cryptocurrencies.)