A South Carolina based law enforcement veteran, who dabbled in crypto like many do in the stock market, got frustrated with number of crypto projects that focused on making the developer rich rather than the investor. Or the projects that were just outright scams and ripped investors off. So, he put his knowledge to work and created his own crypto currency program called Shiba Rewards.
Shiba Rewards is crypto token that runs on the Binance Smart Chain ecosystem, a system features low transaction fees to save investors’ money. Shiba Rewards is unique in that with each buy or transfer transaction, there are no taxes accessed but with a sell transaction, the seller is charged a 10% tax. That 10% is distributed as 3% back to Shiba Reward token holders in the form of Shiba Inu Tokens, the 15th large cryptocurrency in the world according to CoinMarketCap, the leading crypto market price tracker in the world. The remaining 7% is split with 3% being injected back into Shiba Rewards liquidity to increase the value, 1% of the tokens in the sell transaction will be destroyed to increase the scarcity of Shiba Rewards thus increasing the value and finally 3% to marketing for further promoting of the project.
The project creator, Sean Fay, was heavily influenced by his law enforcement background his development of the project. “I wanted investors to feel that the team behind Shiba Rewards really focused on building their trust with the added protection we built into the smart contract” – Fay said. That added protection includes transaction limits to prevent large investors from crashing the price, restrictions on not being able to create or burn new tokens, inability to pause the contract or raise collected taxes above 10% and more.
Fay offered a bit of advice for would be investors looking to cash in on new crypto projects, “Do your own research, read the project’s white paper, look at their audits, has the team completed a background check? Visit the social channels and observe. If it seems too good to be true, it probably is. Crypto can be profitable but it’s also very risky”.
Fay said Shiba Rewards pre-sale event goes live on Saturday, April 9th, 2022 at 7:00pm UTC at popular launchpad site PinkSale. For more information on Shiba Rewards and how to join in the pre-sale you can visit their website. To connect, join their Telegram group, visit their Twitter page, or link up with their Discord channel.
Media ContactCompany Name: Shiba RewardsContact Person: Sean FayEmail: Send EmailState: South CarolinaCountry: United StatesWebsite: https://shibarewards.io
