We at Shiburai believe in the power of a strong community. We pledge our loyalty to our community through our unique governance system that gives a voice to every token holder. Together, we the people make key decisions on the direction of our project! Shiburai is truly a project for the people by the people. Currently, voting will be held on the Shiburai Snapshot.
We've combined innovative new token mechanisms such as our deflationary model that doesn't simply discard tokens into passive wallets but transcends other deflation strategies (explained below). We utilize fees from our token's transaction as a source for returning passive gains to Shiburai holders through a strategy called Dynamic Access Fund. Our interactive dashboard will allow users to track their progress life and withdraw their earnings from the Spring of Life. Exclusive generate NFT collections will be available to mint only for Shiburai holers which allow them to become share holders in various platform fees as well as revenue generated from the DAF. The way of the Shiburai is to do good to all, grow stronger, and find prosperity, peace, and enjoyment in DEFI.
Tokenomics 13% tax on buys/sells are spent on the following:
- Dyamic access fund: 3%
- Transcendence Burn 4%
- Marketing/development 5%
- Reflections 1%
Dynamic Access Fund: 4% of fees from transferring tokens are allocated directly to the community's Dynamic Access Fund (DAF). The DAF is a dedicated investment fund designed to maximize returns for our users in a safe and risk-adjusted manner.
Within 3 days of our launch, our DAF has accumulated more than 125 Eth ($500k+) and is growing! With the launch of our online dashboard users will be able to track the fund in real-time, see the historic performance, and track their individual earnings. Users will be able to withdraw their earnings from Spring of Life!
Powering our DAF is the community. Our community governance model allows users to wallet connect to our platform and vote on how they believe our DAF should be used.
Bounty BoardThe Shiburai Clan is gathering a large, loyal and diverse community. We believe it's important ot shine a light on the various strengths of our community and will have ongoing competitions and contests to reward talent of all kinds.
Our Bounty Board will be filled with opportunities to learn, develop, create and collaborate while being rewarded for efforst of discipline, self-growth and participation.
We have allocated 7% of our total supply towards our Bounty Board.
Stay tuned for Shiburai Quests!
Deflationary Liquidity AcceleratorShiburai introduces the most advanced and scalable burning mechanism ever seen in crypto.
The typical burn mechanism involves simply placing tokens in an inactive address, or in an effort of good faith and marketing, sending them to the wallet of a well-known public figure hoping they will not be sold off. This is especially true for fee on transfer tokens featuring reflection (static staking).
These tokens are commonly "burned" soon after launch and prior to the token being tradeable on an exchange, never truly being a part of circulating supply. This pseudoscarcity has little to no effect on the token, while presenting an illusion of value. Consequently, to achieve a significant price impact, a large number of tokens must be burned.
Shiburai is truly deflationary. Our burns are not deposited into a separate address, they are removed from existence. This burn does not happen from supply that has never held value, but rather directly from the exchange pool. Both Shiburai tokens and ETH are removed directly from the paired liquidity on Uniswap. Then the ETH is returned to the AMM by reinvesting into the pair via purchasing more SHIBURAI. The combined Shiburai removed from both the LP withdrawal as well as the exchange transaction are then burned through our Smart Contract function completely eliminating them from existence, forever. This has the duel effect of increasing the value of SHIBURAI both by raising the ratio of paired ETH and by increasing scarcity of tokens directly from circulating supply. It is known as "Transcendence." The first Transcendence will coincide with the release of this Whitepaper, however to prevent any malicious trading, future events will be stealthily conducted unless performed along with public project achievements.
Imbeument and Spirit TrainingToken staking is coming to SHIBURAI. Those who choose to enter predetermined lengths of "Spirit Training" will empower their positions as SHIBURAI holders by gaining tokens as a reward for removing their SHIBURAI from exchange pressures. 20% of total supply is reserved for staking and will be rewarded over time. Boosts will be given to longer commitments as an incentive for longer term value as well as from NFT possessions.
The number of metaverses are increasing rapidly and users have more choices than ever before. However, there is little connecting these metaverses and it is becoming prohibitively expensive to have an enjoyable experience. Shiburai is aiming to solve this problem. We are creating unique NFTs that grant users in-game attributes. We are also bridging the divide between metaverses by allowing users the ability to use their in-game attributes as they travel between metaverses. As the number of partnerships between Shiburai and metaverse projects increase, users will enjoy greater levels of freedom and choice.
In addition to token staking, Shiburai also features "Imbuement," the ability to gather SHIBURAI through NFT ownership. The SHIBURAI Armory Collection will begin with generative selections of Kimonos, Katanas, and Kabutos, each with unique attributes and individual benefits. The first generative line of Kimonos will require a holder to burn only 1 SHIBURAI token to obtain. As our NFT release dates approach we will provide more details.
