Shiba Pups —Website Update and Contract details
Last Updated: April 14 2022
New website is launched with burn down chart to see how we will burn
What makes Shiba Pups so unique and rare
The contract has build in auto burn mechanism, a fixed % of remaining supply is burned at every transaction
Tokenomics
Initial Supply: 1,000,000,000,000,000 (10 ^ 15)
Build In Auto Burn, % of remaining supply is burned at every transaction
Burn Rate (BUY): 0.1 % of Remaining Supply (Only At BUY)
Burn Rate (SELL): 0.1 % of Remaining Supply (Only At SELL)
Total Fees on TX: 5%
Auto LP: 2%
Marketing (ETH): 2%
Development: 1%
Max TX on BUY : 1,000,000
Max TX on SELL : 1,000,000
Wallet Limits : 10,000,000
How are we going to preventing total supply be eaten by early buyers, or a fair launching
- Restrict token BUY limit to 1 Million per TX
(0.1% of 1 Billion) - Restrict token SELL limit to 1 Million per TX
(0.1% of 1 Billion) - Restrict token maximum cap to 10 Million per Wallet
(1% of 1 Billion)
How do you prevent Whales from scooping up whole supply
A whale is not someone who manage to accumulate up a large amount of tokens at the launch or in early days when the price is cheap. They are infact believers and we need them to drive the price up and supply down (burn at every tx).
What makes a whale a whale is their capacity to drive the price heavily in either direction by placing higher price bets. We do not want that and so we have taken a number of provisions
TX Limits
A whale will have to do atleast 20 BUY transactions to fill up his/her per wallet limits.
Wallet Limits
He will need multiple wallets to accumulate >2% of supply, and also multiple TX - atleast 20 per wallet.
Taxes
Heavily taxed tx feed back 2% of the purchase amount into LP, and 1% back into all the holders.
Motivation to Holders
We are deflationary by nature, every tx is moving token supply (not ETH) from LP into Dead Wallet. This will ensure public visibility of how many tokens are burned and how many are left to burn. The holders supply will not be touched and it will increase in worth over period of time as Supply is reduced drastically.
1 Million tokens will be 0.000000001% of total supply at launch but once the supply is reduced to 1 Billion tokens, it will be 0.1% of total market cap.
Market Cap at Launch
Initially 1 ETH would be used to provide the liquidity of entire Supply of 10^15 tokens. This will essentially mean you have to pay just gas fees and get 1 million tokens for near free.
Road to Moon
With constant burning supply, we will soon hit the $1 mark in less than 20000 transaction.
