How does the Mini Shiba tokenomics work and what makes it unique?

3 answers

• adasApr 26, 2024 · a year ago
  Mini Shiba has a unique tokenomics system that sets it apart from other cryptocurrencies. The token operates on a deflationary model, meaning that with each transaction, a small percentage of the tokens are burned, reducing the total supply over time. This creates scarcity and can potentially drive up the value of the remaining tokens. Additionally, a portion of each transaction is redistributed to existing token holders, incentivizing them to hold onto their tokens. These mechanisms aim to create a self-sustaining ecosystem where the value of the token can increase over time.
  583

  292
• Shihda ajOct 11, 2021 · 4 years ago
  The tokenomics of Mini Shiba are designed to reward long-term holders and discourage short-term speculation. By burning tokens with each transaction, the supply decreases, which can potentially lead to an increase in value. Furthermore, the redistribution of tokens to existing holders incentivizes them to hold onto their tokens, as they can earn passive income through these rewards. This unique tokenomics model aims to create a strong and loyal community of holders, which can contribute to the long-term success of Mini Shiba.
  531

  177
• Hussam AlhaririMay 22, 2022 · 3 years ago
  Mini Shiba's tokenomics work in a similar way to other deflationary cryptocurrencies. Each transaction incurs a small fee, a portion of which is burned, reducing the total supply. This burning mechanism creates scarcity and can potentially drive up the value of the token. Additionally, a percentage of the transaction fee is redistributed to existing token holders, rewarding them for their support. This unique combination of burning and redistribution sets Mini Shiba apart from other cryptocurrencies and aims to create a sustainable and valuable asset for its holders.
  573

  144