What is the issuance mechanism of Shib and Puppies?
The issuance mechanism of Shib and Puppies is as follows:
Issuance mechanism of Shib
• Based on the Ethereum blockchain: Shib is an ERC-20 token based on the Ethereum blockchain, utilizing Ethereum's technology and smart contract capabilities to automatically execute trading rules, etc.
• Total supply and distribution: The total supply is 1 quadrillion tokens, of which 50% were sent to the address of Ethereum founder Vitalik Buterin, who later donated most of his held Shiba Inu coins to charity.
Issuance mechanism of Puppies
• Initial supply: The initial supply is 1 trillion tokens, or 1,000,000,000,000,000, with an automatic burning mechanism, where a certain percentage of the remaining supply is burned with each transaction, with a burning rate of 0.1% for both buying and selling.
• Transaction fee distribution: The total fee for each transaction is 5%, of which 2% is automatically added to the liquidity pool, 2% is used for marketing,
1% is used for project development.
From this, it can be seen that puppies definitely have a chance to be the next shib
