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WHITE PAPER

01. Abstract

The Empire is Here! Shiba Inu Empire is a meme crypto token and it was inspired by Dogecoin and Shiba Inu. The Shiba Inu Empire meme crypto token was created on June 29th, 2021 with the sole purpose of becoming a meme crypto token with actual use case(s).

Meme crypto tokens and coins can have a real-world purpose which can make them very valuable. Shiba Inu Empire will be a token that will have multiple use cases, and real-world use cases. Shiba Inu Empire will pursue the creation of its own NFT market as its first milestone. The biggest goal and milestone would be the acquisition of a professional football (soccer) club, or obtaining over 50% of an ownership in a professional football (soccer) club.

The Shiba Inu Empire token is also hyperdeflationary and rewarding in nature. Holding can be rewarding due to the tokenomics; 5% of any transaction get distributed to holders and another 5% distributed to liquidity. The Shiba Inu Empire token can and will be burned manually, which can shorten the total supply in the long run and an increase in demand will drive the token price up as the supply becomes less with each burn.

Shiba Inu Empire’s NFT

Shiba Inu Empire’s Football (Soccer) club

The Shiba Inu Empire Team will ultimately seek to acquire a professional football (soccer) club with the full or major ownership (over 50%).

02. The Grand Plan

The NFT will allow artists and amateur artists to sign up and engage in the trading of NFT (Non-Fungible Token). We value our token holders and we will be creating a separate NFT token on the Ethereum (we will announce once we do) platform for the sole purpose of trading in the NFT market. This is because Ethereum remain to be the popular NFT ecosystem for NFT tokens and also to ensure stability for the holders by having footprint in Binance Smart Chain and Ethereum. Significant profit from the NFT platform will be injected back into Shiba Inu Empire for promotions and Shiba Inu Empire token will be advertised on the NFT market from time to time and will have a permanent and visible reference. Please note that if Dogecoin support NFT tokens in the future, then Shiba Inu Empire's Team will create NFT token on Dogecoin.

The higher the Shiba Inu Empire market cap, the bigger the possibility (could even be an European Professional Club). Shiba Inu Empire will utilize the football (soccer) club to promote the Shiba Inu Empire token from paying the club manager, staffs and players as well as utilizing in the merchandise sales such as shirt (jersey). Furthermore, football (soccer) NFTs will be created. All of these profits will highly drive the value and market cap of Shiba Inu Empire token.

The Shiba Inu Empire has a plan to remain for long term and that’s why we are integrating NFT market and Football (soccer) club. We have also explored further use cases that can be beneficial and once we accomplish NFT market and acquisition of football (soccer) club, we will pursue additional profitable targets.

03. Tokenomics and Environment

The Shiba Inu Empire token will be manually burned. There is a 10% fee on each transaction of which 5% goes to Liquidity and 5% rewarded to the holders. Please note that the burn wallet is also accounted as a holder, therefore more tokens will be burned as the burn wallet amount increase.

We also intend to burn more than half of the tokens on a gradual basis.

We had burned 50 trillion Shiba Inu Empire tokens so far, which is 5% of the total supply (1 quadrillion). An additional 50 trillion Shiba Inu Empire tokens will be burned when we reach 2000 holders. We will be then burning 10 to 50 trillion tokens on achieving large number of users.

The Shiba Inu Empire and Team intend to retain 100 trillion tokens (10% of total supply) for marketing, exchange listing, development expenses and for the creation of NFT Market and the acquisition of football (soccer) club. Rest of the tokens will be burned and added to liquidity accordingly.

Binance Smart Chain (BSC) is one of the fastest smart chain in the crypto world and it strive to facilitate fast, decentralized trading. Shiba Inu Empire token was created on BSC to ensure that the transactions will be completed in around 3 second block time with a proof-of-Stake consensus algorithm.

You can read more about BSC here; https://academy.binance.com/en/articles/an-introduction-to-binance-smart-chain-bsc

Credits:

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