Shiba Robinhood: The Decentralized Token Utility Based on an English Tale
Shiba Robinhood is a decentralized network based on the legendary heroic outlaw from England, Robinhood. The platform amplifies the tales of a great man, the outlaw who rebelled against tyranny.
The skilled swordsman and archer is commonly shown to be of noble birth. However, Robinhood fights against crusades before going to England, where a Sheriff is ruling his hometown. These exciting stories of the hero are enough to help projects like Shiba Robinhood gain traction and expand their community. Therefore, Shiba Robinhood benefits from the popularity and relevance of Robinhood’s life history.
Like Doge and Shiba, the network will provide a token that aims to provide income while maximizing the concept of meme tokens. The platform combines its token with NFTs, coupled up with redistributive policies to reward investors.
Features of the RSHIB Token
The RSHIB token comes with a vast array of features that work together to provide services for token investors. Among the top features;
One of the features defining this token is the redistribution package. After every transaction, the tokenomics are set so that the network will tax 3% for redistributing. The persons set to benefit from the 3% token redistributions are the holders of the RSHIB token. Hence, this network encourages everyone to buy and hold the tokens for long-term value increases.
Aside from the redistribution, the network charges some tax to deal with marketing tasks. According to their web page, in every RSHIB transaction, 3% will help bolster the marketing works of this network. This shows that the network developers have long-term plans for this entire project.
Shiba Robinhood will be charging a transactional tax for liquidity purposes. The network will charge a 4% tax on transactions that will go to liquidity pools. The mechanism will help in bolstering the liquidity of the $RSHIB token in the DeFi market.
How to Buy RSHIB
Shiba Robinhood began its second round of token presale on November 7th, 2021. The presale is currently going on and will be over in a few days. However, after the presale, RSHIB will be listed in top analytics platforms and decentralized exchanges.
Hence, although you can purchase the tokens currently during the presale, it will also be possible to buy in exchanges like pancakeswap in the future. The process in such will include;
- Having a wallet like Metamask or Trustwallet
- Set BSC chain and get BNB tokens in your wallet
- Connect your Metamask wallet to Cointool or DX sale(during the presale). After the presale, the token will be in more DEXes in the long term.
- Start buying RSHIB using BNB.
Non Fungible Tokens
Aside from the token, RSHIB also has NFT, which follows the appearance. They intend to maximize the ongoing NFT craze and help investors earn income.
In fact, in the future, the RSHIB network will develop an NFT marketplace that will allow everyone to gain access to its NFT. On the website, they also show some of their NFT and links to purchase them.
However, currently, investors can get more information about NFT through the RSHIB email address. The platform says that the email is available for support 247
Auditing for Security
To ensure the safety of investors, the RSHIB network agreed to take an audit. According to their website, this audit was done by Techrate blockchain auditors. The Techrate report indicates no severe problem with the platform’s smart contracts.
The audit report is available via the RSHIB official website. The fact that they posted the report indicates some plans for transparency in the project.
An exciting thing about this project is that they plan to take another audit. According to the roadmap, they will take the audit between 2022 and 2023. Generally, the Shiba Robinhood team is not compromising on the security of the investors.
Partnerships for Growth
Of course, for a project to have long-term sustainability, it must secure good partnerships for growth. RSHIB secures several partnerships with blockchain-centered projects, including;
Some of those projects are security-focused, while others are good for marketing. Pancakeswap will help in the DEX services for the RSHIB token. All these partnerships are designed to steer the project to success.
Merits of Shiba Robinhood
The Shiba Robinhood network comes with its benefits for the average user. Among the benefits include;
- Security due to double auditing
- Join the NFT world
- Liquidity of the token
- Rebates for investors
- Solid long term plan
This platform is entirely new; hence it’s hard to determine some of its cons. However, the team should display their names on the website for investors to efficiently do their research.
RSHIB has a lot in store for the future, including a second audit mentioned earlier. Moreover, to foster decentralization, the network will introduce Jury governance between 2022 and 2023. There are plans for community polls and NFT giveaways to engage the community more to the project.
Later, the platform is also planning more exchange listings and the creation of the RSHIBSwap Dapp. All updates about the projects will come through the official social networking channels like;
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