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What is Shiba Watch (SHIBAW) token?

By Shannon Wilson | October 27, 2021

What is Shiba Watch (SHIBAW)?

Shiba Watch is a multi-functional platform that aims to provide a safe space for investors to invest in. The platform will list upcoming new tokens that are launched or in their early stage. Several metrics will be shown to guide investors on whether the token is safe to invest in. These metrics include social media strength, rating, review, and indication of whether the team is KYC verified. When awareness of scams is built, potential investors will be inclined to invest more in cryptocurrency.

The next feature of the platform will include an NFT marketplace. Users of Shiba Watch platform will be able to mint, purchase and sell their NFTs.

Users will be able to stake their tokens in the Shiba Watch pools which grants APY (Annual Percentage Yield). The de-fi lending feature will provide flash and microloans to users and collateral will have to be placed to ensure a lower rate of default.

Currently, Play to Earn games are prevalent in the cryptocurrency space. Users will get to play games, compete and win pooled prizes.

SHIBAW tokens are used or: 

  • Passive BUSD rewards held by holders
  • Discounted rates by holding a certain amount of SHIBAW tokens when project owners want to advertise on the Shiba Watch platform
  • Users will need to hold a small amount of SHIBAW tokens to utilize some features of the platform

Features

Governed by Smart Contracts: Actions such as voting, the listing of coins, and payment will be done through our smart contracts which guarantee ownership and transparency.

Help you make decisions: Our upcoming platform provides in-depth analysis about listed coins to help you make decisions on investing.

Deflationary and rewarding: The token is designed to be more scarce over time and rewards holders with BUSD that you can utilize.

How will Shiba Watch platform work?

Our platform will not just list new coins, but it will have comprehensive auditing services, KYC, and ensure sufficient data is there for investors to make informed decisions. We help to analyze many factors such as presale information, social media strength, engagements, and more. ShibaWatch tokens can only be used to pay for services to ensure the price is kept constant and healthy.

Tokenomics

Our tokenomics allow holders to accumulate BUSD rewards, buyback to stabilize the price, and back into the liquidity pool.

Passive BUSD Rewards: Holders will be entitled to 7% BUSD rewards.

Constant buyback: When the price is stagnant, the buyback will be done to increase the price.

Auto Liquidity: A percentage will be added back into the liquidity pool, increasing floor price.

Marketing: To spread the word about Shiba Watch!

Max Supply: 1,000,000,000,000,000 SHIBAW token.

  • 7% BUSD Rewards 
  • 2% Liquidity 
  • 2% Buyback

Holding SHIBAW tokens will reward holders with BUSD hourly. Periodic buybacks will be done to pump prices organically. The SHIBAW token will be used in the Shiba Watch ecosystem for services rendered within the platform.

​How and Where to Buy SHIBAW token?

 SHIBAW token is now live on the Binance mainnet. The token address for SHIBAW is 0x52941a733F7bAb6E52d5C8f2045c9D9D9eA246Ff. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise you to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Source: Coin Introduction <https://morioh.com/p/3d9ea1cb64ef>

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