Robot Shib is a meme token that is used for building NFTs, an NFT marketplace, SWAPs, farms, etc. Yield farms are pools in which users lock up funds in order to generate rewards. The token was designed to offer rewards to long-term token holders. The platform believes that community comes first and aims to offer transparency and fairness to all the community members. The asset claims to be proud to run along with the “father token.” Also, the platform claims to have a hardworking team whose goal is to make Robot Shib a success in the crypto community.
Robot Shib offers users a mobile app with an in-built wallet to store the RSHIB tokens. Additionally, users can trade on Robot Shib Swap, the platform’s own meme token exchange.
The token follows a distribution mechanism in which 2% is for developers, 3% for marketing, 2% is burnt, 7% is put in trade, and 100% is to a liquidity pool (LP). Token burning refers to the practice of intentionally sending the token to an unusable wallet address for it to be eliminated from circulation. The eater or the burn address is not assigned or could be accessed by anyone. Cryptocurrency developers follow the practice to decrease the supply and inflate the price to further increase the value of the token. Next, liquidity pools (LPs) allow users to trade crypto tokens on decentralized exchanges (DEX) and other decentralized finance platforms (DeFi), not needing any centralized market makers or intermediaries. In other words, LPs refer to a pool of cryptocurrencies that are crowdsourced and locked in a smart contract that supports the trade between assets on a decentralized platform.
