【AiShiba Arb】meme coin project built on Arbitrum
This is a very popular project, although it is located about a meme's meme's meme.
Good morning.
This is Mitsui, a web3 researcher.
Today I researched "AiShiba Arb".
"Table of Contents"
1, What is AiShiba Arb?
- Overview
- Background
- Features
- NFT Information
- Token Economics
- Roadmap
2, Memes of Memes of Memes of Memes?
What is AiShiba Arb?
AiShiba Arb is a meme coin project built on the Arbitrum ecosystem, with the goal of leveraging AI and web3 technologies to develop a variety of products.
■Overview
Here is a rough project understanding.
Launch $SHIBAI tokens and build an ecosystem.
At first, the token will only be used for staking and other purposes, but gradually develop products that can utilize $SHIBAI tokens.
Prior to the launch of the tokens, sell an NFT called "AIShiba OG Collection".
https://opensea.io/collection/aishiba-og-collection Tokens will be airdropped to NFT holders.
The tokens were launched and listed on Mexc on April 19, 2023.
■Background
Since this is a meme project, I will explain the context of its popularity. It is based on publicly available facts, but some of it is speculation, so please excuse me if I am wrong.
The key to understanding "AiShiba Arb" is first to separate it into "AiShiba" and "Arb.
The easier to understand is the second half, where "Arb" refers to "Arbitrum," an L2 solution to ethereum's scalability problem that issued tokens and had a massive airdrop last month.
Taking advantage of the festivities, a meme project called "ArbDogeAI" was born, a meme of Arbitrum and the DOGE coin. This is an experimental project exploring what can be done with web3 and AI on Arbitrum. A token called $AIDOGE has also been issued.
Inspired by this "ArbDogeAI" meme, "AiShiba Arb" was created. Originally, SHIBA was created as a tribute to the DOGE token, so "AiShiba Arb" was created as a tribute to "ArbDogeAI".
■Features
The goal is to create an ecosystem on Arbitrum
Art generated by AI
100% of revenue is attributed to the community
Launch of proprietary tokens
Airdrop their tokens to Arbitrum token holders
■NFT Information
Ownership of 48,000 AiShiba OG collections will make you an initial member of the AiShiba Army; NFT holders will be entitled to future airdrops and participation in future events.
■Token Economics
A very large number is available with a total supply of "210,000,000,000,000 (21 Kyo)".
○Characteristics
Deflating: Along with a fixed upper limit of supply, the supply gradually burns down along with usage. This gradually creates scarcity.
Staking: Tokens and NFTs can be staked to obtain rewards.
Giving back to the community: Tokens are actively given back to users who contribute to the community.
○Overview of Airdrop
Tokens were granted in the following percentages
NFT holders: 50%.
Arb airdrop eligible users: 30%.
Early contributors: 5%.
Referral Bonus: 5%.
DEX liquidity and CEX listing: 10%.
○Transaction fees
Transactions on $SHIBAI are subject to a 15% Tax, which will be used in the following percentages
Burn (1%): Tokens are transferred to a black hole address and permanently removed from circulation.
Stake to Earn (4%): added to the staking pool, with 2% distributed pro rata to users staking SHIBAI and the remaining 2% to users staking the AiShiba OG Collection.
Top Holder's Fortune (1%): tokens are exchanged for $ARB and returned to top holders weekly.
Replenish Camelot's liquidity pool (3%): Used to increase trading of SHIBAI/ETH pairs on the Camelot exchange.
Purchase ARBs (2%): Acquire ARBs to support voting on protocols; a portion of ARBs are used to provide liquidity and incentivize users.
Development (4%): Tokens are used for continued development and expansion of the SHIBAI ecosystem.
■Roadmap
The main policies announced are as follows
Listing on multiple CEXs
Adding staking and yield farming functionality
Explore integrating Aishiba Arb into other blockchain ecosystems such as the DeFi protocol and NFT marketplace
Developing mobile wallets and other tools to make it easier for people to use and hold tokens
Memes of memes of memes of memes?
I was reminded that timing and context are really important for web3 projects. The "Aishiba Arb" has many of the same characteristics as the "ArbDogeAI.
Aishiba Arb" is for those who missed the Arbitrum airdrop and also missed the ArbDogeAI airdrop.
In fact, the first line of the white paper begins with "Missed the $AIDOGE of ArbDogeAI? It begins with.
It's very interesting.
I think that Japanese projects lack this kind of playful spirit and outlandish homage (that's almost the same thing!), as well as in my own ideas. I feel that projects originating in Japan lack this kind of playfulness and outlandish homage (it's almost the same!).
When I look at overseas projects, I often see obvious copycats and projects that raise expectations to such an extent that I wonder, "Are you sure you want to do this? I often see projects that are obviously copycats. As expected, some projects fail or fly away, but I feel that attitude and ideas are very important these days.
It would be nice to have a more free-thinking and confident declaration, "This project is going to change the world! I think it's nice to have the assurance to say, "This project is going to change the world!
If I am going to pay money to participate in the festival (NFT or FT purchase), I would feel more comfortable participating if you were that enthusiastic about it.
I know this is an abstract, unremitting talk, but I feel that way especially these days. Of course, there is the risk of getting burned, but I feel that projects that the world is enthusiastic about are born because people don't care about such things and continue to communicate for their own beliefs.
I know it's not web3, but I think that Elon Musk is as controversial as he is breathtaking. But he doesn't care about that, he is walking the path he believes in.
In the meme culture of web3, I would like to learn from his attitude.
This is my research on "Aishiba Arb. If you found the article interesting, we would appreciate it if you could help us by liking, commenting, and sharing it on social networking sites!
«Reference Link»
Disclaimer: This is written after careful examination of researched information, but since it is privately operated & the source is often in English, there may be some mistranslated or incorrect information. Please understand that some information may be mistranslated or incorrect. Also, we may introduce Dapps, NFTs, and tokens in the articles, but we do not have any solicitation purpose. Please purchase and use all at your own risk.
Writer
mitsui@web3researcher
Daily information about web3 (projects, news, explanations of vocabulary, interviews with project owners, and articles about learning and thinking from research).
※This is a translation of a Japanese article, so I apologize for any unnatural English.