The burgeoning world of cryptocurrency is no stranger to new and exciting projects, and Saudi Shiba Inu ($SAUDISHIB) is poised to make a significant mark. Positioned within the Binance Smart Chain (BSC), $SAUDISHIB is more than just another meme token. It offers an integrated NFT platform, auto-staking features, and a unique approach to minimizing price volatility. As the "official Saudi version of Shiba Inu," this token aims to capitalize on the growing interest from investors in both Shiba Inu and Bitcoin. With 2% of every transaction redistributed to holders, Saudi Shiba Inu ensures user engagement and rewards long-term commitment, distinguishing itself in the crowded DeFi space.

What is Saudi Shiba Inu (SAUDISHIB)?

Saudi Shiba Inu ($SAUDISHIB) is a Decentralized Finance (DeFi) token on the Binance Smart Chain (BSC). It is a decentralized meme token with an NFT platform and its own NFT collections. In addition, the SAUDI SHIBA INU holders benefit from reflections on every transaction, an auto-staking feature.

Unlike projects heavily dedicated to farming and liquidity pools, Saudi Shiba Inu aims to avoid messy price fluctuations as much as possible. The Saudis will buy a lot of Shiba Inu and Bitcoins, hence the decision to create the official Saudi version of Shiba Inu, thus the name Saudi Shiba Inu.

With SAUDI SHIBA INU, 2% is redistributed to all holders as part of automatic staking. The most evident benefit of auto-staking is that of all the other staking methods, it has the smallest technical learning curve and the least amount of fuss.

Quantifiable Benefits of Auto-Staking with SAUDI SHIBA INU

1. Ease of Use: Auto-staking eliminates the need for users to manually stake their tokens. This reduces the technical barrier and makes it accessible to a broader audience.
2. Consistent Rewards: Holders receive a portion of every transaction, ensuring a steady stream of rewards.
3. Incentivizes Holding: The auto-staking feature encourages users to hold onto their tokens, which can help stabilize the token's price.
4. Reduced Supply: The passive burn feature decreases the token supply over time, potentially increasing its value.

Token Market Data

• Current Price: $0.0000
• Market Cap: $0.00
• 24h Price Change: 0.49%
• 7d Price Change: 6.88%
• 30d Price Change: -43.84%
• 24h High: $0.0000
• 24h Low: $0.0000
• All-Time High: $0.0000 (2022-07-22T20:18:00.000Z)
• All-Time Low: $0.0000 (2023-09-26T23:23:00.000Z)
• Circulating Supply: 0.00
• Total Supply: 1,000,000,000,000,000.00

Purpose and Utility of Saudi Shiba Inu

Expanding Trading Opportunities

The Saudi Shiba Inu (SAUDISHIB) crypto token is a decentralized finance (DeFi) token on the Binance Smart Chain (BSC) and Ethereum network, with the purpose of expanding trading opportunities and attracting investors on both chains. The token was created on the BSC network on July 21, 2022, and has since expanded to the Ethereum network on July 29, 2022, to cater to crypto investors on both platforms.

Bridging the Gap Between Tokens and Coins

The token aims to bridge the gap between tokens and coins by introducing several utilities, including staking pools, a Saudi Shiba Inu Wallet, a DEX Swap, the development of a meme coin exchange, a special NFT platform, and metaverse integration. These utilities address the problem of limited use cases for meme tokens, which often serve no real purpose in the cryptocurrency world. By providing a range of functionalities, Saudi Shiba Inu aims to provide value to its holders and contribute to the DeFi ecosystem.

Passive Burn Feature

Additionally, the token has implemented a passive burn feature, which automatically sends a certain percentage of reflection in every transaction to the token's dead wallet, thereby decreasing the supply and increasing the token's value over time. This feature further emphasizes the token's commitment to providing value to its holders and addressing the problem of inflation in the cryptocurrency space.

Tokenomics and Distribution Model

Total Supply and Circulating Supply

The total supply of SAUDISHIB is one quadrillion (1,000,000,000,000,000) tokens. However, the number of tokens in circulation and the maximum supply cap are not explicitly mentioned in the provided sources.

Transaction Fees and Redistribution

The tokenomics of SAUDISHIB include a 2% distribution to holders via automatic reflections for every transaction, while 6% buy and 8% sell are automatically sent to the token's liquidity pool. Additionally, the team added a passive burn feature to the tokenomics on July 31, 2022, which automatically sends a certain percentage of reflection in every transaction to the token's dead wallet, aiming to decrease the supply.

Distribution Model

The distribution model of SAUDISHIB is not explicitly detailed in the sources, but it is known that the token was launched on the Binance Smart Chain (BSC) network on July 21, 2022, and later on the Ethereum network on July 29, 2022, to attract investors on both chains. The team behind SAUDISHIB aims to bridge the gap between tokens and coins by introducing utilities, such as staking pools, a Saudi Shiba Inu Wallet, a DEX Swap, the development of a meme coin exchange, a special NFT platform, and metaverse integration.

Mechanisms to Control Inflation

The Saudi Shiba Inu (SAUDISHIB) crypto token operates on the Ethereum blockchain and has a limited supply, making it a deflationary asset. The total supply of SAUDISHIB is one quadrillion (1,000,000,000,000,000) tokens.

In terms of tokenomics, 2% of every transaction is distributed to holders via automatic reflections, which acts as an auto-staking feature. This means that token holders receive a portion of the transaction volume as a reward for holding the token, without needing to actively stake their tokens in a separate staking contract or pool. This feature helps to incentivize holding and reduce selling pressure on the token, potentially contributing to price stability.

Additionally, the team behind SAUDISHIB has implemented a passive burn feature, where a certain percentage of reflection in every transaction is automatically sent to the token's dead wallet, decreasing the supply over time. This mechanism helps to control inflation by reducing the circulating supply of the token, which could potentially lead to price increases if demand remains constant or increases.

The Team Behind Saudi Shiba Inu

Core Team Members

The Saudi Shiba Inu crypto token is developed by a