What Is Shiba Lite (SHIBALITE)?

Shiba Lite (SHIBLITE) is a meme token driven by a community and seeks to focus on quicker transactions and lower fees than Shiba Inu. As per the whitepaper, this charity token is made with utility for both NFT artists and holders. Shiba Lite is established on principle, "By the community, for the community." Shiba Lite claims to be a transparent ecosystem that answers to all of the community's needs. The platform also intends to resolve the scaling problems that Shiba Inu (their big brother) presently faces. Shiba Lite is a lite version of Shiba Inu because of the platform’s much lower transaction fees and quicker transactions. 

The holders are awarded 3% reflections on every transaction fee. The reflections are placed into the Shiba Lite holders' wallets. The Shiba Lite family has a bunch of creators and artists. For that reason, the platform deployed an NFT platform. The NFT lite launchpad seeks to permit creators and artists to develop an NFT within a DApp. The traders can trade NFT via the app. SHIBLITE and most of the cryptocurrencies are accepted as a way of payment on the Shiba Lite platform. The profit from the launchpad of NFT lite breaks down to 50%, moving to a rotating charity selected by the community, and 50% going toward future decentralized app evolutions.

SHIBLITE token is native to the Shiba Lite platform. There is a 7% fee on each transaction. Holders of SHIBLITE tokens are rewarded with 3% reflection on each transaction, 2% moves to the liquidity pool, 1% is burned, and 1% moves to a DEV wallet/marketing.

History of Shiba Lite (SHIBALITE)

Robert Tremble and C.J. Baxter cofounded the Shiba Lite platform. Of the founding team, Tamás Sengel works as a solidity developer, Herlander Nogueira works as a telegram bot developer and moderator, Amit Sharma as a marketing adviser, and Drew Crumlish as an illustrator. 

In the fourth quarter of 2021, Shiba Lite got listed on various exchange platforms and minted 500 Shiba Lite NFTs on the TofuNft exclusively.