Issue #1 — Shibetoshi Weekly ‘Dogest’

This is the first issue from the Dev at the $SHIBETOSHI project.

Whats covered in this issue:

• The launch of $SHIBETOSHI
• Introduction of $SHIBETOSHI
• Milestones achieved so far

The launch of $SHIBETOSHI

$SHIBETOSHI was stealth launched into the early hours on the 11th June 2021. Upon launch the Dev limited buy orders and increased in stages within the first hour as we gained more and more holders very quickly. This was to ensure a fair launch and prevent snipers/bots taking the majority of the supply early on. This seems to have worked well, as considering we launched at a very low liquidity of 5k USD we have been relatively stable and not extremely volatile for something of such low liquidity.
Within the first 24 hours $SHIBETOSHI grew in value massively and surprisingly held well above 1000% higher than the launch price.

Introduction to $SHIBETOSHI

Shibetoshi Nakamoto is a meme token built by a single developer, but grown and adopted strongly by the community.
Parodying the creator of Bitcoin (Satoshi Nakamoto) we came up with the name Shibetoshi Nakamoto presuming that this is the true creator of the great Shiba meme and Bitcoin fork — $DOGE.

The token itself is a 9 Decimal ERC-20 token that introduces unique features that bring it intrinsic value.

At the time of writing this article the Total Supply of the token is 881,946,325,264 and decreasing upon every transaction.

• Anti-dump mechanism: We introduce cooldowns into our token with a maximum price impact of 3% per sell, this is in order to prevent large sell offs and whales manipulating the token price. This has proved effective in the early days of $SHIBETOSHI where we have had reduced volatility and strong uptrends.
• Deflationary Mechanism: Upon the creation of the token, the lead Dev immediately burned 10% of the supply, which seeded the deflationary mechanism, as holders sell, a portion of the tokens sold get redistributed to all holders including the burn address, as a result - the burn address grows and the circulating supply decreases.
• Locked Liquidity: Initially the lead Dev locked liquidity for 30 days, but since we established long term investors quickly, we have extended the liquidity lock to 10 Years! Liquidity has been locked with Team.Finance

Milestones achieved in Week #1

• Website launched at shibetoshi-nakamoto.com 🎉
• Reached 250 Telegram members 🗣
• Recruited 6 community moderators
• Extended Liquidity lock to 10 years 💪
• Achieved 100,000 USD in Uniswap Liquidity 💧
• Listed on Zooindex 🐶
• UNC bot inclusion for price and trade alerts
• Created Twitter and concluding our first giveaway 💰
• Made our first ever Medium article and weekly ‘dogest’ 🥳

We aim to provide you a weekly digest of the Shibetoshi project here on Medium, consider subscribing to us and follow our social media below to stay informed on future updates and announcements.

Twitter 🐦 — twitter.com/shibetoshitoken

Telegram 📩 — t.me/shibetoshinakamotocrew

Website 💻 — shibetoshi-nakamoto.com