Currently sitting at a $10 million marketcap and with only 8,000 holders, the next $SHIB is quietly waiting to be noticed by the masses. When I say the next $SHIB, I mean this both literally and figuratively.

A massive run seems inevitable, based on this token’s name and narrative alone. It was also built from the same code as $SHIB, as if to manifest greatness. And no, this has nothing to do with Shibarium. In fact, this project is BIGGER than Shibarium. Once you grasp the magnitude of its potential, and how $SHIB factors into the plan, your mind will be blown.

Meme with a mission

Utility tokens propose solutions to real world problems, while meme tokens have fun logos and intriguing stories. Shina Inu ($SHI) is the response to the question: why not both?

When thinking in terms of mass appeal, it makes perfect sense to employ a likable character as the mascot for an innovative defi platform. It makes even more sense to leverage the popularity of an established token, such as $SHIB. Furthermore, by reimagining a familiar concept that provides value to humanity, it is guaranteed to attract both normies and degens alike. We’re talking about a one of a kind incentive system that aims to encourage charitable giving, while burning tokens. This will be known as The Shina Burn Bank, cleverly abbreviated as SHIBB.

The SHIBB was inspired by its development team’s passion for supporting Shared Hope International (also known as SHI.) SHI is a nonprofit organization that has been fighting to bring an end to the sex trafficking industry. Through the SHIBB, the team hopes to raise millions of dollars for SHI and other worthy causes. Thus, Shina will “win Shiba’s heart” by offering the 1.3 million $SHIB holders what they desire most: a meaningful utility that incorporates burns.

How SHIBB works

More of a game than a bank, the SHIBB is essentially the defi version of a 50/50 fundraiser, with a twist. Charitable donations can be made with $ETH, while holders can stake their $SHIB and/or $SHI tokens for a chance to win a share of these donations. Winners are selected at random, so you could describe $SHIB and $SHI as “lottery tickets.” Generally speaking, the odds of winning an IRL lottery can be increased by purchasing additional tickets. When it comes to the SHIBB, your odds can be increased by staking additional tokens.

What may excite holders the most is that each time a donation of $ETH is made, the SHIBB will burn the dollar equivalent of staked $SHIB and $SHI tokens. This is perhaps the most ingenious aspect of the SHIBB, since its method of burning from the staking pool does not result in forfeiture of token ownership. Holders will have the ability to withdraw their staked tokens at any point, so long as the pool contains enough liquidity at the time of withdrawal.

The SHIBB’s incentives should be especially attractive to whales, and they may opt to stake large amounts indefinitely. This would provide a healthy foundation of liquidity, which would give further confidence to smaller fish considering participation. The idea is that holders can work together to support a good cause, win rewards and burn tokens. It is therefore easy to grasp how this design can increase demand for $SHIB and $SHI.

Billions incoming

Nonprofit organizations are quickly realizing how they can benefit from the efficiency and convenience of blockchain technology, and even moreso, the wealth generated by digital assets. The Giving Block, a company that assists nonprofits with processing donations, projects that $10 billion will be donated via crypto over the next decade. Keep in mind that this figure does not account for what an incentive system like the SHIBB can bring to the table!

Through embodying the sentiment that one must give in order to receive, the SHIBB may inspire a new generation of philanthropists. Undoubtedly, it will be a powerful tool for allocating resources to those in need. This is a huge win for charities, a huge win for $SHIB holders and a huge win for defi.

Hence why Shina Inu, the female version of Shiba Inu, is a token that we have a close eye on for the upcoming bull market.

More details about the SHIBB can be found in Shina’s whitepaper, at Shinatoken.com

Portal: @shinatokenportal