SHIBA LIGHT: Decentralized Trading Platform in the Solana Ecosystem

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Hello, friend! Today let’s talk about a blockchain project called SHIBA LIGHT (SHIBT). You may have heard of “Dogecoin” or “Shiba Inu Coin”—they’re both well-known “dog-themed” projects in the crypto world. However, SHIBA LIGHT is a different project, with its own goals and features.

You can think of blockchain as a huge, publicly transparent ledger, and cryptocurrency as the “digital money” recorded on this ledger. SHIBA LIGHT, abbreviated as SHIBT, is like opening a special “digital bank” and “digital marketplace” on this digital ledger.

What is SHIBA LIGHT

SHIBA LIGHT (SHIBT) is a decentralized exchange (DEX) project running on the Solana blockchain. In simple terms, a decentralized exchange is a platform for trading digital assets directly, without a central authority (like a traditional bank or stock exchange) managing it. It’s like a free market where buyers and sellers connect directly, with no middleman. SHIBA LIGHT aims to become one of the leading decentralized exchanges on the Solana blockchain.

This project was launched in 2021. It doesn’t just want to provide a trading platform—it also plans to build a more complete ecosystem. Imagine, not only can you buy and sell digital currencies here, but in the future you might also trade digital artworks (known as NFTs, or non-fungible tokens, which you can think of as unique digital collectibles), and even help new blockchain projects launch their “digital stocks” here (this is called an IDO or presale). SHIBA LIGHT hopes to act as an “intermediary,” providing better security for these new projects, helping them gain traders’ trust, and avoiding early-stage scams.

Project Vision and Value Proposition

SHIBA LIGHT’s vision is to become an important decentralized trading platform on the Solana blockchain, providing users with a fast, low-cost trading experience. It hopes to solve problems that traditional centralized exchanges may have, such as lack of transparency, high trading fees, and slow transaction speeds. By operating on Solana, a blockchain known for “high speed and low fees,” SHIBA LIGHT promises “near-instant” transactions and “almost zero” fees.

Additionally, it is committed to sharing the platform’s growth benefits with participants through its tokenomics model. The project plans to distribute 50% of total platform revenue to token holders, similar to shareholder dividends, encouraging people to hold and support the project.

Technical Features

The core technical feature of SHIBA LIGHT is that it’s built on the Solana blockchain. Solana is a highly efficient blockchain, famous for handling a large number of transactions at extremely low cost. You can think of it as a super-wide, ultra-fast highway, and SHIBA LIGHT is a major service area on this highway, able to serve many vehicles (transactions) at once. Reportedly, SHIBA LIGHT’s decentralized exchange can process over 10,000 transactions per second.

Beyond basic trading functions, SHIBA LIGHT’s DEX also offers a “grid trading bot.” This is like a smart trading assistant that can automatically buy and sell digital assets for you based on your set strategy, trying to earn small profits from price fluctuations.

Tokenomics

SHIBA LIGHT’s native token is called SHIBT. This token is designed to be “deflationary.” A deflationary token means that its total supply gradually decreases over time, which usually increases the scarcity of each token—like a limited-edition collectible. The total supply of SHIBT is 100 million tokens.

Regarding the circulating supply, different sources report slightly different numbers. Coinbase shows the current circulating supply as 0, while CoinMarketCap reports a self-reported circulating supply of 40 million SHIBT. SHIBT tokens have multiple uses within the ecosystem, and one important incentive mechanism is that 50% of total platform revenue will be distributed to SHIBT holders.

Roadmap

The SHIBA LIGHT project was launched in 2021. Currently, it has already provided a decentralized exchange (DEX) as the core function of its platform. In 2022, the project plans to launch more features, including a test version of an NFT marketplace (for trading digital artworks) and a token launch platform (to help new projects issue tokens).

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and SHIBA LIGHT is no exception. Here are some common risks you should be aware of:

• Market Risk: The cryptocurrency market is highly volatile, and the price of SHIBT may fluctuate dramatically—you could lose your entire investment.


• Project Development Risk: Although the project has ambitious vision and roadmap, actual development and implementation may face challenges, such as technical difficulties, increased competition, or lack of community support, which could result in the project not developing as expected.


• Liquidity Risk: If a project has low trading volume, you may find it difficult to buy or sell tokens at your desired price. Currently, SHIBA LIGHT’s trading volume is relatively low.


• Information Transparency Risk: Lack of detailed whitepaper and team information may increase uncertainty for investors regarding the project’s transparency and future development.


• Competition Risk: The decentralized exchange sector is highly competitive, and SHIBA LIGHT needs to keep innovating to stand out among many projects.

Please remember, the above information is not investment advice. Before making any investment decisions, be sure to do your own research and consider consulting a professional financial advisor.

Verification Checklist

When researching any project in depth, here are some key pieces of information you can verify yourself:

• Block Explorer: Find SHIBT’s contract address on the Solana chain (for example:
  2946ofy854iifvXCQmHX2AJgxRBoQcchy1gfD26RtkHp
  ), and use the Solana block explorer to check its transaction activity and holder distribution.


• Official Website and Social Media: Visit the project’s official website and social media channels to learn about the latest updates and community activity.


• GitHub Activity: If the project is open source, check its GitHub repository to see the development team’s code commit frequency and quality.

Project Summary

SHIBA LIGHT (SHIBT) is a decentralized exchange project based on the Solana blockchain, aiming to provide fast, low-cost digital asset trading services, and planning to expand into NFT marketplace and token launch platform areas. Its token SHIBT is designed to be deflationary, and the project plans to distribute 50% of platform revenue to token holders.

As a relatively new project, SHIBA LIGHT’s vision is ambitious, but whether it can stand out in the highly competitive decentralized finance (DeFi) sector remains to be seen over time and by the market. Currently, detailed technical documentation, team background, and governance mechanism information about the project are relatively limited, which may be something investors who want a comprehensive understanding of the project should pay attention to.

When considering participating in such projects, please be cautious, fully understand the potential risks, and conduct independent research. This is absolutely not investment advice. For more details, please research on your own.