Simba Inu Whitepaper

in simbainu •  3 years ago 

Background

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Dogecoin, born in 2013, ranks No. 10 with a market value of over $27 billion and is currently
trading at around 20 cents. Its current rival, the other cryptocurrency inspired by the same
Japanese dog, also known as the ‘Dogecoin killer’, was born seven years later and ranks No.
12 with a market value of $22 billion. What Dogecoin and Shiba Inu have in common is that
they are both currently rivalling some of the largest cryptos in the world and that they are
both… meme coins.

The meme coins, or parody coins, are those cryptocurrencies which are usually either inspired
by some memes on the internet or which have some funny characteristic. The first such
meme coin was Dogecoin which gets its name from a Doge meme that gained a lot of
popularity on the internet. Today more and more meme coins emerge and more and more
people are buying them. According to a survey conducted by Crebaco on 1,000 new crypto
investors, it seems that 91% of them had bought meme coins. But what’s all this hype about?

One of the greatest differences between the more traditional cryptocurrencies, or the socalled utility coins, and meme coins is that the latter ones are mainly community-based; their
growth and success depend on their supporters. Shiba Inu’s founder explicitly calls the token
“an experiment in decentralized spontaneous community building”. Today’s rise to
exponential levels in the prices of meme coins is therefore attributed to a great extent to
their vocal supporters. Elon Musk is a representative figure here. It seems that Musk’s tweets
have more than once pumped up the price of meme coins even up to 50%.

It is this background and this ideal - a project run and fully supported by its community - that
gave birth to Simba Inu. Simba Inu is such a meme coin, which takes its name from the
protagonist of the Disney animated film, The Lion King. Our lion’s aim is, although, slightly
different; it will not only rival the top cryptos, but will reign over them.

Utility projects

NFT Marketplace Platform

Simba Inu will have its own NFT Marketplace Platform. Leveraging blockchain technology,
the platform replaces the traditional auction house and verifies the content’s source. The
platform will in this way enable NFT enthusiasts to display their NFTs and sell them either at
a fixed price or through an open auction. The buyers can keep up with the NFT rankings as
they are updated regularly and purchase their favourite NFT by paying directly with their
wallet.

Merchendise marketplace

Simba Inu also provides its community with a peer to peer marketplace that requires no
middlemen and no fees. Here you can either sell whatever you want by creating your own
store, or you can browse the available stores and purchase your desired item from any of the
four corners of the world

NFT Metaverse Game

The third project that Simba Inu puts forwards in the attempt to grow our token’s utility is
the NFT game which will be running on our very own Simba Inu token. Some of the key
features of any NFT game is that it grants the player the true ownership of in-game assets
and at the same time operates according to the play-to-earn principle. What this means is
that whatever you win inside the (name of the game) game, it is yours to either keep or sell.
(Name of the game) gamers will finally be able to immerse themselves in an exciting game

Simba Inu Swap

The goal of Simba Inu Swap is to provide our community with a safe place where they can
trade their crypto while at the same time promoting a decentralized architecture. By the help
of our ever growing community we hope to turn Simba Inu Swap into the ideal exchange and
launchpad platform, and the home which can foster the new and exciting projects of our
members

Tokenomics

Total supply: 1,000,000,000,000,000 SIMBAINU
Locked in liquidity - 50%
Burned - 50%
Developer, Team, Partners etc. wallet - 0
100% Community Token

Simba Inu is a fair launch coin, which means there will be no private sell or early access, but
an impartial and transparent distribution of Simba Inu tokens. A fair launch model for token
distribution means a highly engaged and more joint than ever user community, which are the
the primary traits that Simba Inu wishes to promote.
Then, a 10% fee of every transaction will be distributed as follows:

Rewards for holders (4%)

Employing a smart contract function (reflection) allows Simba Inu users to earn USDTs. For
this, a 4% tax of every buy/sell is automatically taken and distributed back to the holders’
wallets every 60 minutes. The quantity of tokens that the holders receive is determined by
the quantity of tokens that the holders already possess relative to the overall supply.
The smart contract function will work as an incentive for our users to hold their tokens in
order to earn rewards and at the same time help our growing community become more and

Auto Liquidity Pool (2%)

The second smart contract function employed helps us acquire liquidity. We opted for an
auto liquidity pool model, where 2% of every transaction is automatically converted into
liquidity for PancakeSwap. Moreover, liquidity will be locked for one year. This temporary
restriction on the pool token’s movement will prevent any potential scam and win our
community’s confidence and support. As our community of holders grows, the auto liquidity

Massive Marketing Plan (4%)

The last 4% fee of every transaction will be allocated to a Marketing fund in USDT. This fee
will help us reward our active Simba Inu community, while at the same tame fuel ambitious
new projects which will help Simba turn into our new king and go to the moon.
pool model will facilitate big trades while also maintaining a stable price flood.

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