$SHI Shina Token is getting ready to drop its utility. The SHIBB: Burning $SHIB for Charity

Shina Token is soon to be launching its groundbreaking staking platform: the Shina Burn Bank (SHIBB.) This technology will bring utility to Shina’s counterpart, $SHIB, by incentivizing charitable giving through burns and rewards.

The SHIBB is the crypto equivalent of a 50/50 charitable lottery. As detailed in the whitepaper, the platform consists of two components: a staking pool and a donation pool. In the staking pool, users can deposit their $SHIB or $SHI tokens, to be eligible for rewards in the form of $ETH. Staked tokens act as “lottery tickets,” as the more tokens a user stakes, the better their odds of being rewarded.

Designed as a “no loss” lottery, users retain ownership of their $SHI and $SHIB tokens and may withdraw them at any time. Meanwhile, each time $ETH is deposited into the donation pool, a proportionate amount of staked tokens are burned. Half of the $ETH donations will be gifted to charity, and the other half will be randomly distributed as staking rewards.

Since distributions will be made every 7 days, users have an incentive to stake their holdings for the long term, hence providing liquidity for the SHIBB to burn tokens. Those longing to see a reduction in $SHIB’s supply, can contribute while supporting a good cause.

Altogether, the SHIBB has massive potential to become a self-sustaining, thriving, decentralized ecosystem. When this launches, the law of supply and demand can manifest in a powerful way for $SHIB and $SHI, especially as whales decide to participate.

To sum this up in a single phrase: “stake to earn, donate to burn.”

• Website: https://shinatoken.com/

• X (Twitter): @ShinaToken

• Telegram:@ newShinaTokenPortal

Facebook: https:// www.facebook.com/shinatoken

• Instagram: https://www.instagram.com/shinatoken_official