Shibnobi (SHINJA) is a token that aims to transform DeFi and develop the token’s own Kusari blockchain. Kusari blockchain is a network that provides leading exchange, blockchain, and end-to-end financial platforms. The token also seeks to introduce a multi-chain swap across Binance, Ethereum, and Polygon.
Shibnobi's primary objective is to change the cryptocurrency space, thereby making the area safe, informative, and fair for investors and their projects. Shibnobi enables passive income generation on Binance Smart Chain, Polygon, and Ethereum. Therefore, the primary utility of the token is to establish an easy token swap across all three chains.
Furthermore, Shibnobi aims to develop a user-friendly multi-chain swap in the DeFi ecosystem. An interesting tool of Shibnobi is the Kusari blockchain, which is Shibnobi's proof-of-stake blockchain that is hard forked from Ethereum blockchain. The Kusari blockchain provides cheaper gas fees and faster transactions.
Katana Wallet is another tool of Shibnobi, which offers two-factor authentication of a code before a transaction is processed. Then there's DojoSwap, a multi-chain DEX that aims to eliminate the absence of user-friendly tools throughout the EVM networks in DeFi. EVM refers to Ethereum Virtual Machine, a software platform that developers use to create DApps on Ethereum.
As mentioned in the whitepaper, Shibnobi is to be launched on multiple chains. Initially, the token is launched on the Ethereum network, which brings stability to the products and brands. After that, the team aims to launch the Shibnobi token on the Binance Smart Chain network to enhance the pool of investors to the project. At last, the token is sought to be launched on the Polygon network to widen the set of investors.
Shibnobi Swap is intended to be a cross-chain token swap to allow traders to trade between Polygon, Binance Smart Chain, and Ethereum networks. In fact, as claimed in the whitepaper, the Shibnobi team aims to establish a private sale of the token on Ethereum, followed by an ICO (initial coin offering) on Uniswap and Fegex. Fegex is a multi-chain decentralized exchange that aims to make trading rewarding and more accessible.
Moreover, features like security, passive income, and marketing wallets make Shibnobi unique and reliable. Shibnobi has a self-feeding LP (liquidity provider) contract as well as a marketing allowance with built-in reflections for token holders. 5% of LP tax is transferred to the liquidity pool to enhance the project's price floor. 3% of reflection tax is transferred to every holder proportionately from every transaction. At last, 5% of every transaction is utilized to market the project.
