The Green Shiba Inu is built on the Binance Smart Chain (BSC) network, consumes practically no energy, environmentally friendly and is deflationary in nature.
Blockchain and cryptocurrency ecosystems often inject new trends from time to time. Although the trend of previous years was proposed in 2021, including decentralized finance (DeFi) and non-fungible token (NFT) niche markets, we have seen the emergence of memecoins at an amazing speed, of which Green Shiba Inu is one of them.
The beginning of every new project is usually full of skepticism, especially like memecoin, which many people think is a joke, the Green Shiba Inu protocol has recorded a series of impressive feats in nearly a month.
Since its inception, there’s been notable milestones including the switch to deflationary tokens and the implementation of the r edenomination plan.
Before we dive into the agreement, let us first understand the basics of the Green Shiba Inu Protocol.
Green Shiba Inu is built on the Binance Smart Chain (BSC) network, consumes almost no energy (respect for the environment) and is deflationary in nature.
The network uses GINUX tokens, which is a redefined form of GINU tokens. Through the scalability trend of BSC, compared with the existing memecoin, transactions on Green Shiba Inu are relatively faster, easier to access, and cheaper.
The fundamental pursuit is to build a carbon-neutral economy and sustainable cryptocurrency development. Doing so helps reduce emissions and the resulting mining carbon footprint.
With its $GINUX token, Green Shiba Inu is committed to promoting environmental friendly initiatives, including but not limited to Greenpeace and the most notorious environmental activists: Greenpeace, Elon Musk, Greta Thunberg, President Joe Biden, Angela Merkel, Leonardo DiCaprio, Al Gore, Jane Goodall and others.
The platform is branded as a fully decentralized and community-driven protocol that protects itself from any potential theft by blocking all liquidity in PancakeSwap and BakerySwap, and the contract ownership has beensent to a burn address.
A key aspect that makes Green Shiba Inu a joy for retail adopters includes a fair launch process, where 90% of the product is considered liquidity. The team do not receive tokens and it is completely driven by the community.
Like other tokens supported by Binance, $GINUX can be traded on PancakeSwap and BakerySwap, and other unique features are planned in the roadmap.
Aside from the fact that the token has been listed on PancakeSwap, BakerySwap, CoinMarketCap and CoinGecko, the PancakeSwap decentralized exchange has increased the liquidity of $GINUX just over a month after it was launched.
Other milestones recorded by the project to date include the locking of token for major environmental activists, farming and staking on, BakerySwap APY yields of more than 100%, and more than 275 million Ginu staked.
The team has developed an ambitious roadmap for 2021, with the ultimate goal of bringing its agenda home. The new roadmap is divided into two phases 1 and 2. Although the first phase will last until the first quarter of 2021, the second phase is expected to span the third to fourth quarters of this year.
In phase 1, the token redenomination which has already been achieved is at the forefront of the pursuit. Through this redenomination, the price of the GINUX token will be decreased at a rate of 10,000:1.
A similar redenomination has been done for other notable DeFi projects such as Aave. These moves help in revaluing the price of the tokens in the long term.
In addition, the Green Shiba Inu protocol will help lower the barriers for GINUX holders to enter and obtain products. This move will help promote the development of the entire ecosystem.
This stage will be completed by providing the protocol with dual performance capabilities and super staking rewards, all of which will help increase the value of its token holders.
The second phase involves listing on a centralized exchange. Although negotiations with exchanges have begun and agreements reached with some exchanges, the plan has been postponed due to the implementation of the redenomination.
Phase 2 will also introduce NFTs using Green Shiba Inu technology, create an ERC-20-BEP-20 bridge to promote system interoperability and wider practicality and distribute airdrops to help maintain a committed and all-inclusive community.
As of today, it can be said that the Green Shiba Inu project is gaining traction, judging from its growth on all social media platforms.
Although the project has more than 20,000 followers on Twitter, it maintains an active community with more than 11,000 followers on Telegram and a functional blog on Medium.