Mega Shiba Inu is an ecosystem that claims to be entirely community driven and unaffected by ambiguous intentions. The company aims to attract one million new cryptocurrency traders to the crypto world.

As per the whitepaper, many traders traded on the Ethereum platform in order to benefit from the incredible gains and sky-high market capitalizations. However, the traders were afraid as blockchain had potential chances of scams. Moreover, taxation fees were so high that the traders simply could not afford them.

Mega Shiba Inu was claimed to be created to deal with such problems. Mega Shiba INU has constructed a thriving and dynamic ecosystem based on inclusivity and sustained growth. The platform seeks to feature unique NFT prizes that are awarded to individuals who are regarded as most deserving.

Mega Shiba Inu claims that Mega Shiba inu-cubator is a unique feature that allows members of the community to submit original Mega Shiba INU designs. These Mega Shiba INU designs can be auctioned off in their private marketplace. There is also claimed to be a staking feature that aims to allow members to earn royalties.

The native token of the platform is “MEGASHIB.” The maximum total supply of the MEGASHIB is 1 billion tokens. Since Mega Shiba Inu is a community-driven project, only a 10% taxation fee is levied on trade transactions to aim to benefit the holders most. To seek to stabilize the price impact and allow seamless transactions, around 3% of the taxes are automatically transferred to the LP (liquidity provider). A liquidity provider is a user who places crypto assets into a liquidity pool in order to support trade on the platform and receive passive revenue on the amount traded.

Since marketing and development of the project are essential, 5% of taxes are used for the project to continue to expand and remain visible in the public eye. In addition, this 5% provides for funds used for development purposes. Mega Shiba Inu uses the remaining 2% of the taxes for holding contests with the motive of keeping the community involved. Victors of this contest seek to receive a portion of the prize pool.