What Is Shib Army (SHIBARMY)?
SHIBARMY token aims to be an audited, vetted, and trendy project that pays its holders on each Shiba Inu transaction. The currency intends to bring together and inseparably unite the Shiba Inu supporters under one roof. By doing so, the community aims to reward holders and its SHIBARMY token. According to the whitepaper, the vision of the community and the project is to become a go-to name for all cryptocurrency enthusiasts around the world. Moreover, the currency aims to offer a competitive DeFi product and new technologies. Furthermore, SHIBARMY seeks to understand the need for the education of newcomers in the crypto world. Thus, the platform wants to help novices by offering support and in-depth explanations.
The Shib Army (SHIBARMY) token and prosperous community represent the connection and support for the “Shiba Inu Army” or Shibarmy. Therefore, both the token and the community aim to get positioned at the top of reward tokens on the Binance Smart Chain (BSC). Binance Smart Chain is defined as a blockchain that runs parallel to the Binance Chain and boasts smart contract functionality. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. SHIBARMY is a dividend tracker token which means the token always calculates the earned token until the reward is claimed.
Furthermore, the token contract is designed to possess two simple functions: reflection and automatic LP (liquidity provider). A liquidity provider is a user who finances a liquidity pool with crypto assets he/she owns to support trading on the platform. In return, the LP earns passive income on the deposit. A liquidity pool is a crowdsourced pool of tokens or cryptocurrencies locked in a smart contract used to support trades between the assets on a decentralized exchange (DEX). Crowdsourcing is the collection of info or opinion from a group of people, usually sourced via the internet. SHIBARMY does not require staking or adding liquidity to the pool for reward tokens. This digital coin aims to allow users to just hold and earn free tokens from every transaction.
SHIBARMY plans to merge both worlds of high-price potential and the accumulation of well-known meme coins by creating the Shib Army token. A meme coin is a kind of digital asset made due to a joke derived from the internet. Merging both worlds aims to enable the holders to earn a big share of SHIBARMY. The project team has collectively earned many experiences within the last year, especially toward DeFi and how to utilize the potential of smart contracts. The goal was to design a rewarding new token on the Binance Smart Chain while affiliating ourselves with the SHIBARMY.
History of Shib Army (SHIBARMY)
Launched in October 2021, Shib Army token is an examined and surveyed project that pays holders 8% of each transaction SHIBA INU BEP-20 tokens as a dividend for holding. The maximum total supply of SHIBARMY is 100,000,000,000,000 (100 trillion). Experienced crypto enthusiasts drive the project team from multiple fields.
