Mini Shiba is a token that wishes to bring innovative ideas into the world of cryptocurrency. The platform aims to become a reliable and long-term token with strong investors. The creators believe Mini Shiba to be the son of Shiba-Inu, who got separated from the father, and the community can help them reunite. Also, the platform has acquired some features from the SHIBA token. For instance, the circulating supply of the token decreases with time, the yield, liquidity, the total never increases, etc. Also, the platform has fixed a burn schedule for the tokens. Here, burn means when tokens get removed from circulation, reducing the circulation supply of the token to maintain the value of the asset over time. Moreover, the platform has a strict mechanism to ensure a disciplined approach towards the available token after each burn.
Mini Shiba also plans to launch a DEX to function as an automated liquidity and trading pool. The token also aims to have a non-fungible token (NFT) marketplace to promote thematic NFTs. According to the whitepaper of Mini Shiba, its DeFi-based platform will allow users to hold tokens and engage in yield farming and staking to promote liquidity and yield. Yield farming means lending assets to others via smart contracts and earning additional cryptocurrency in return. Further, the platform plans to simplify the process of purchasing BEP-20 tokens for providing easy access to the Binance Smart Chain (BSC) for MINISHIBA and all BEP-20 tokens. BEP-20 is a token standard of BSC and has similarities and compatibility with ERC-20 and BEP-2.
MINISHIBA is the ticker of the token Mini Shiba. However, on BSC, Mini Shiba gets traded with the ticker MiniSHIB. The token has a burn schedule of 5%. Additionally, the token charges a 12% transaction buy fee and an 18% transaction sell fee. These fees get redistributed to MiniSHIB holders. Here, the smart contract ensures that no centralized party can claim yield.
For 2022, the token aims to launch an MSHIBA swap that allows users to swap BEP-20 tokens with MINISHIBA tokens. The users may also stake tokens in the MSHIBA swap to earn more tokens.
