Before AMA start, can you introduce yourselves and the team background?
The core development team has 7 people from the US, Japan, and Singapore. The team members are early Ethereum developers back to 2017 and has extensive DeFi development experience.
We keep pushing out new features and products. The reason is simple: we have a strong tech team behind the project. One of them is a senior expert in the field of virtual machines, who independently developed EVM and WASM virtual machines for multiple chains. Two of them are solidity senior experts. One is doing code audit for CertiK remotely. Two of them are experts in terms of development of cross-chain DeFi products and have participated in the development of three influential mainstream public chains.
The main members of our marketing team are from another successful project. As the operations manager, I am based in Europe and mainly provide services to investors from EU, US and Middle East.
Recently we hired more people considering the exponential growth of the community members.
Let me start by providing some facts. Number matters:
28500 holder addresses
Twitter: 64.5k followers
We are also exposed by media:
that was a great milestone
We teamed up with CoinMarketCap and launched airdrop few days ago.
From the tech side, we are developing “Oracle” since we have security experts.
Most of the attacks recently are caused due to the security issues of the “Oracle”.
Our experts decided to take the security as our first priority.
Here is our analysis of the PancakeBunny attack: A review of how Pancakebunny was hacked and our solution on how to prevent it.
With a more secure and reliable Oracle. It would be very helpful to mitigate the potential security threats.
This is our current focus. Of course, NFT marketplace, NFT Games, and Toolbox are under development.
Actually, we are also mentioned by the SHIB, considering our success made by far.
1) First question from @Coin_Travolta
There are many different NFT services and product alternatives for NFT-focused projects. How will the SHIBSC project use the wealth of the NFT world and what services will it provide to meet all the requirements of NFT enthusiasts?
Our NFT product is not only for the artists and collectors.
It has the collection value and can also be used as a utility token.
Our BlockChain Toolbox, NFT Game, and even Oracle will use the SHIBSC as the utility token.
The transactions of NFT marketplace will burn more SHIBSC token, making the tokens more valuable.
Artists have the freedom to show their talents and collaborate with us to promote both art and technology.
2) Second question from @JODAsf
Could you tell us about the NFTs that can be developed in SHIBSC, what opportunities will these represent within the ecosystem that you have developed and how will you ensure that each collection that comes out is as successful as possible?
Well. Today most talented artists need the platform to show their talents to the world.
We have a very large community which will bring real investors to the artists.
Meanwhile, our platform will promote the selected collections from best artists.
3) Third question from @jogamboa08
$ SHIBSC At launch, 67% of the tokens have been burned and the remaining 33% of the tokens will be provided to the liquidity pool and permanently locked. do you plan to continue burning the token?
Now ~70.22% tokens have already burnt.
The tokens in holders’ hands are more valuable.
There are numerous ways to burn more.
To name a few, we have the following mechanisms:
1. Toolbox: All tokens will be burnt except the cost (for example, token creations will consume some BNBs…)
2. NFT Game: significant portion of tokens in the prize pool are burnt.
3. Oracle : All earnings from this will be burnt.
4) Forth question from @molestika
Regarding your “RFI Static Rewards” feature, how is the process for holders to earn passive rewards? What exactly is static reflection all about?
I see. Most people are confused about the RFI mechanisms
Basically, when you query the number of tokens in your wallet, you see a number.
For RFI mechanism, actually that number is a math formula and dynamically calculated.
If you are a holder of our tokens, you will be allocated more tokens due to the transaction tax we collected.
5) Fifth question from @langitberwarna
About the TOOLBOX feature on your website, I saw that it has a “Create NFT” feature, how is the mechanism for making it, what is the minimum total supply?
So do you have any NFT examples built on the SHIBSC platform?
We will have the NFT marketplace soon. The artist will have the opportunities to create and upload their NFTs into our platform (the details are subject to our terms and conditions).
You can consider the NFTs in the Lucky Pet Game as our first batch of NFT cards.
The minimum total supply is subject to the artist and our platform.
We will support features such as auction, trade, and multiple copies for sell.
Where can I use your token and
What are the benefits for the holder?
NFT games, Blockchain Toolbox and NFT marketplace….and anything in the future…
Like BNB for Binance
Just hold and collect more transaction tax
I see on your website there is a “LP PRICE CHECKING” feature, what is the use of this feature? how to use and what are the benefits for users?
As a miner, after you stake the LP and provide the liquidity. Its value is dynamically changing and subject to impermanent loss.
Our tool will give the real time info about your LPs.
3) Sbhub Sho:
SHIBSC is a great project..but we know that sometimes the token gets burned and it increases the token’s value. Does your token have any Coin Burn / BuyBack system, or do you have that plan to increase the value of your token and attract investors to invest?
Transaction tax (6%) + all products provided in our platform will burn MORE and MORE.
We have a series of marketing campaigns to attract more investors.
4) Shane Folse:
In the crypto field it’s very hard for Projects to Generate Revenue/Profits, Some projects have 10% Dev share(10% from transaction fees taken by the project). Can you explain to us in what way that SHIBSC creates revenue/profits?
Our team will focus on variety of DEFI products and will charge a commission fee from them.
5) Hú Ga
What do you think the future trend of DeFi is? What is the biggest flaw that DeFi is currently facing? And is your SHIBSC Project looking to solve that problem?
The future of defi is to be fair, transparent, low-cost, effective, decentralized and secure.
All the services will be running on smart contracts. You don’t need to worry what’s going on with your money in the bank in real life. You are the real owner of YOUR money, and your money is in YOUR wallet.
Security is the biggest concern. That’s why we focus on our “Oracle” product.
Currently many projects are attacked. SHIBSC please share related information such as audit, source code on github, bug bounty … of the project?
CertiK report is what we have. CertiK provides the best audit service and is the most expensive one, as far as I know.
7) Irene Wahyuni:
Which crypto/fiat currency can we use to invest in $SHIBSC? And in which currency the profit paid to the Investors?
Everything. You can always convert your crypto/fiat to BNB and buy Shiba. All profit will be paid in SHIBSC and you can easily sell them back to $.
We are currently undergoing a volatile market as most token value are declining . So with strong major utilities of shibsc token, how will you make the token maintain a good value in this situation? Do you see this market situation as a challenge to you?
I think we are doing great in such market situation. When the whole market recovers and hopefully we will have something amazing.
We provide real service, and it will last for a long run.
9) Bea Evolet
Where and how can I buy the Shibabsc Nfts ? I saw that you have a game “Lucky Pet” to play I must have one of these Nfts ?
Lucky Pet is where you can buy the NFT cards. NFT marketplace will be launched soon.
10) Bé Trang
What is so special about SHIBSC compared to other projects? Can you give some reasons to convince users to choose SHIBSC ?
We have a strong team behind the projects and a fast-growing community.
The SHIBSC technical team has developed several popular DeFi products in just half a month
The burn mechanisms has burned more than 3% of the total tokens in half a month, making the token more rare and valuable in the future.
With more and more products, we will see SHIBSC will be the popular utility token and will be applied to more and more scenarios. Of course, more valuable.