What Is Shih-Tzu (SHIH)?

Shih-Tzu (SHIH) is a meme-based utility token that aims to offer an NFT marketplace for gamers, creators, and blockchain enthusiasts. Meme coins are based on internet memes, current events, and influencers. The Shih-Tzu community is a decentralized collective that seeks to develop non-fungible token (NFT) artwork with animal-loving artists and animal rights advocates by aiding various animal shelters. By enabling collaboration with artists and animal advocates, the platform aims to have a significant influence on transforming the lives of animals and animal lovers by creating a better ecosystem.

According to the platform, the SHIH token is inspired by Shiba Inu, Dogecoin, and Akita Inu. Shih-Tzu's team commits to offering animals that have been abandoned, neglected, or mistreated a new outlook on life. The project’s goal is to raise revenue for animal rights activities by trading NFTs created by the community that promotes this initiative. For the same, Shih-Tzu aims to offer NFTs through both independent artists and the platform’s community. These NFTs, which are blockchain-powered, aim to give users a mechanism to own and earn from their abilities. The community aims to share a common love of animals to make a positive impact in their lives, regardless of whether they are traders, artists, collectors, or developers.

According to the whitepaper, the token ecosystem is referred to as “ShihWorld,” which aims to host several services for the users to attain financial wel-lbeing and freedom of connectivity. The ecosystem aims to offer a multi-chain wallet called ShihMask as a personal finance utility for users. This wallet seeks to safeguard users’ funds and incentives in the ecosystem. Also, the wallet preserves funds while giving complete control to the user.

Further, the ecosystem aims to offer ShihVerse, the NFT marketplace where users trade, mint, and collect NFTs. Moreover, members of the ShihWorld ecosystem are able to voice their opinion about marketplace governance. The ecosystem also endeavors to offer creative products for users, such as play-to-earn games, NFT collection releases, and other merchandise. Furthermore, ShihWorld aims to be the medium through which the Shih-Tzu platform empowers the lives of others, including awareness campaigns, philanthropy, incubator programs, and crowdfunding initiatives. 

SHIH is the utility token for the ShihWorld ecosystem’s core operations. Initially, the token was launched as an ERC20 standard. Subsequently, the SHIH token deploys both Ethereum and the Binance Smart Chain blockchains. The NFTs that the ShihVerse marketplace features are the BEP-721 and BEP-1155 standards. The platform states that ShihWorld members benefit from the fees accumulated as well as a share of the proceeds from all initiatives in the platform. 

History of Shih-Tzu (SHIH)

The SHIH token was launched in April 2021. The SHIH token has a maximum total supply of 1,000,000,000,000,000 tokens. Out of the overall supply, 50% was locked in Uniswap, and the remaining was sent to Vitalik Buterin, Ethereum’s cofounder. This transfer was meant for the greater good of the project’s goal of animal service, as Buterin tends to donate or allocate for charity purposes. 

How Are New SHIH Tokens Created?

The platform aims to launch a decentralized exchange (DEX) called “ShihSwap.” This DEX seeks to be an ecosystem for dog meme coins and facilitate staking and farming for the token holders.