Token Torches & SHE Salute!

Hail Shib!

This has been the best week I’ve ever had as Shytoshi.

If that’s saying something yes, I mean it. It’s not just because we surpassed the other chains and protocols I thought were cool, moving strongly into the top 10. Or because, in essence, we are the number 1 non-stable ERC-20 token in the WORLD. It's also not because memes are hot right now. No. It’s because of so many things I want to share with you but will have to wait to ensure they get proper coverage and OOMPH.

So what can I say?

SHIBARIUM BURNS

First, let’s talk about the Shibarium burns. We will be burning 92E right now in Shib. More importantly, the move from Bone to Eth did no damage to Bone and essentially this completes the massive burn due from the initial pop we had on Shibarium.

https://etherscan.io/tx/0xa16133ba17636377d3483959f80975ec300a294505ef70a6ca84dd3a68710cc4

INTERNATIONAL WOMEN'S DAY

Furthermore, today, on International Women’s Day, we took care of our ladies: The SHEboshis! We have purchased $38,894 worth of SHEB and then added $69,280 worth of Eth and $38,000 in SHEB to the liquidity pool in ShibaSwap.

PURCHASE : https://etherscan.io/tx/0x88dee24a5d29ac91b0a414d12d705818

LIQUIDITY : https://etherscan.io/tx/0x2944a810b1149c9d0c318d504c7b984c2d84547945be62eca89a4c1080dba26a

We have also succeeded in burning Shib, but let me explain how we got to this number.

As you know, for this project we have dedicated a certain amount to the community and let me give the calculation, but first a note. Originally, in the last blog, I put “revenue” which is incorrect. We believe the correct term is Operating Income:

TOTAL: Approx… 800 ETH
Capital expenses, Taxes etc: Approx. 200 E
Remaining: 600E (Operating Income)
Split in HALF: 300E

10%: Non- Profits
10%: Burns (6% Shib, 1% Bone, 1% Leash, 1% Treat , 1% Shi)
15%: Foundation! (Yes that’s 90 Eth that will be up for the decision of the community upon the release of the Dao/Foundation/Identity driven governance system)
15%: Team

We are PROUD to complete the 36E Shib token torch right now! We will also torch 6E of Leash and Bone. We will completely send funds to the non-profits listed in our previous blog soon, and we have created a new multi-sig to hold the funds for future use until the identity driven DAO is complete.

TREAT TOKEN TORCH WALLET: 0x11AA2A42f7DB6249E011536252cD5e804688Ca9e

SHI TOKEN TORCH WALLET : 0x3B416439271BF43B45bD01D1AAE9b98cb47D227C

FOUNDATION WALLET : 0x6998b86A5eb0Ec269a0D51f6A1A7b76Cb1F2EB10

DONATION WALLET : 0x7950c9A6782B229166BC1b2B604D70b7ec05b70e

We are excited about this because it shows the POWER of Shib once we achieve scale of these types of drops and partnershibs. This is truly when we win.

NOTE: This is the first time we have done a LEASH burn, ever.

We have initial signers but will move from basic signers to the proper parties upon launch of the state full proper later this year.

For now here’s the Token Torches:

SHIB 36ETH TORCH : https://etherscan.io/tx/0x07777fb1b7b9823f48d3fb16a9df87a06d1cc4df7bd6534e7544a637d014dde5

LEASH TOKEN TORCH : https://etherscan.io/tx/0x21f7913507e467dcea379d949f257999ba82568172ff79b98fdade1b39db4a5e

BONE TOKEN TORCH : https://etherscan.io/tx/0xda125d03d229e6a9f0b597c0909241a79d9c38cfbd5103f6b4ca7a92c1d43488

TOKEN TORCH PORTAL

Oh, one more thing… The new Shib Token Torch product is complete! Soon, this will no longer be a manual process (by us). WHEW and Hooray Automation! Give us a bit more time to test, and it will be released.

Finally, stay tuned. This is going to be epic.

Sincerely,
Shy