Trading under SHIBIB, Shiba Inu Billionaire is a meme token. The website claims that it is associated with the Shiba Inu cryptocurrency, which is also a meme token. The Shiba Inu Billionaire is a decentralized finance (DeFi) token. A meme coin or meme token is a cryptocurrency that is inspired by a meme or an internet joke. As the internet joke goes viral, the value of the associated meme coin goes up as people tend to become a member of that sensational internet joke.

The project aims to reach a market capitalization of two billion US dollars. According to the whitepaper, other projects and cryptocurrencies are heavily dependent upon minting and mining new coins. Whereas, the Shiba Inu Billionaire project seeks to avoid such price fluctuation as the same can be seen in other cryptocurrencies.

The whitepaper also provides that around two percent of the Shiba Inu Billionaire tokens are redistributed to holders. The platform works on the Binance blockchain. Binance is a kind of blockchain that works on initiating smart contracts and allowing decentralized finance. Also, the project works on a proof-of-stake consensus mechanism. According to the project’s whitepaper, proof of stake is environment-friendly, cost-effective, and is a highly secure option.

The platform is also stepping into the non-fungible tokens (NFTs) space. It seeks to develop an NFT platform for the community and developers to trade and exchange NFTs in a user-friendly way. The platform also provides for a swapping mechanism where users can exchange crypto via their wallets. In addition, the platform is developing a play-to-earn game on the blockchain which intends to be available on both desktop and smartphones. Furthermore, the platform also seeks to donate in charity to various institutions that help people and animals in need.

SHIBIB is the native cryptocurrency of Shiba Inu Billionaire. The ticker name is also denoted by SHIBIB. The token is both a utility as well as a governance token. Users who hold the token can vote how much and where the charity is to be donated. Moreover, the token is used to trade and earn more of them by playing games on the platform. The maximum total supply of SHIBIB is 1,000,000,000,000,000.