What Is Shiba Inu Empire (SHIBEMP)?

Shiba Inu Empire is a meme cryptocurrency inspired by Dogecoin and Shiba Inu. Meme crypto tokens hold a real-world purpose which makes them valuable and seeks to have multiple use cases. According to its whitepaper, the platform aims to pursue the first milestone of creating its NFT market.

Additionally, the Shiba Inu Empire token seeks to be a hyperdeflationary and rewarding digital coin. Hyperdeflation happens when the currency's purchasing power rises drastically in a short period. Further, the currency seeks to get burned manually. Coin burning permits users to remove tokens from circulation, reducing the number of coins in use. The token charges a 10% fee on each transaction whereby 5% goes to liquidity and the other 5% gets rewarded to the holder. Liquidity mentions the ease with which an asset can get converted into ready currency without changing its market price. Also, the token and its team seek to create a state-of-the-art NFT platform after the token reaches over a 1 billion market cap.

Furthermore, the platform values their token holders and aims to build a separate NFT token on the Ethereum platform with the purpose of trading in the NFT market. The significant profit gained from the NFT platform seeks to be injected back to Shiba Inu Empire for promotions. In addition, the currency runs on Binance Smart Chain (BSC), ensuring that every transaction is completed in around 3 seconds block time with a consensus algorithm of proof of stake. BSC is a blockchain network that works on dual-chain architecture and empowers users to set up their decentralized apps (DApps). Further, the asset's top goal and milestone aims to be acquiring a professional football club or getting over 50% of ownership in a professional football club.

History of Shiba Inu Empire (SHIBEMP)

On June 29, 2021, the Shiba Inu Empire meme crypto token was released. According to the link mentioned on the token's website, the maximum total supply is 1,000,000,000,000,000 SHIBEMP coins.