Many still think that SHIB (SHIB to IDR) is just a meme coin with no clear direction. In fact, this project has an official document called The ShibPaper which reveals the big vision behind it.

In this article, we will explore the contents of The ShibPaper, the central role of Shytoshi Kusama, and how SHIB is trying to position itself as an important and serious player in the DeFi world.

What is The ShibPaper?

In the journey of the Shiba Inu (SHIB) ecosystem, an important document emerged that became the official basis for the direction and vision of this project going forward.

Although initially known as a token born from meme trends and internet culture, SHIB has grown into one of the most active and passionate crypto communities in the world of DeFi (decentralized finance).

Launched in August 2020, SHIB is not just a digital joke because this project is built on the spirit of experimentation, decentralization, and direct community involvement.

The SHIB token, which operates on the Ethereum network as an ERC-20 token, carries a deflationary tokenomics system.

In this case, a small portion of each transaction is burned to reduce the total supply, create scarcity, and incentivize its holders.

It doesn’t stop there, this project also gave birth to two other supporting tokens, namely the exclusive LEASH, and BONE as a governance token. Together, the three form the foundation of the broader SHIB ecosystem vision.

However, what sets SHIB apart from other projects is not just its token, but its community and values.

SHIB supports various charitable initiatives through the “SHIB Rescue Fund”, while also establishing real partnerships in the DeFi world to expand the utility of the token.

In the midst of this expansion, a white paper emerged that became the official declaration of the project, namely The ShibPaper.

Also read related articles: White Paper DOGS: Crypto Meme, Not Dog Drawing Paper

Official white paper of the Shiba Inu ecosystem

This document has the full name SHYTOSHI KUSAMA – The ShibPaper, consists of 36 pages, and was compiled by the main figure of the SHIB developer known by the pseudonym Shytoshi Kusama.

The ShibPaper was published as a roadmap and official declaration of the long-term direction of the SHIB project.

This document confirms that SHIB is no longer just an experimental meme-based project, but has developed into a serious ecosystem that upholds the values ??of community, decentralization, and a vision for the future.

What is Discussed in The ShibPaper?

As a document that is the ideological and technical foundation of the Shiba Inu project, The ShibPaper is not just a collection of crypto jargon or empty promises.

Behind its concise and straightforward format, this white paper explains the direction that the SHIB community wants to take in building a fully decentralized, inclusive, and user-friendly ecosystem.

The ShibPaper not only discusses the development plans for tokens such as SHIB, BONE, LEASH, and the Shibarium network.

The document also highlights various strategic efforts to expand adoption, including the Shiba Eternity gaming project, expansion into the metaverse world, and the development of decentralized applications (dApps).

In addition, the document places SHIB in a broader context, namely as part of the Ethereum ecosystem and an active contributor to the growth of Web3.

With an approach that emphasizes community collaboration and social value, The ShibPaper marks SHIB’s transition from a meme project to a digital movement with a larger mission.

From philosophy to technology of the SHIB ecosystem

The ShibPaper discusses various important aspects that form the foundation of the Shiba Inu ecosystem, starting from its philosophical values ??to its technological plans.

In the beginning, it is emphasized that SHIB is a project born from the spirit of decentralization, carrying the principle of “DeFi for the people” or decentralized finance that truly sides with the community.

Rather than being controlled by a single entity, the entire direction and decisions of the project are driven by the collective participation of its users. Furthermore, the white paper outlines the development of four main elements in the SHIB ecosystem.

The four include SHIB as the underlying asset, BONE for governance, LEASH as an exclusive token, and Shibarium as a layer 2 network that increases efficiency and lowers transaction costs.

Not only focusing on technical aspects, The ShibPaper also highlights the mass adoption strategy through various initiatives. One of them is the launch of Shiba Eternity, a game aimed at attracting users from the entertainment and mobile gaming sectors.

In addition, the project is also exploring the world of metaverse and decentralized application (dApp) development, in an effort to bring real utility and immersive digital experiences to its community.

Finally, the document explains how SHIB fits into the Ethereum ecosystem and its contribution to the development of the Web3 world.

By combining the principles of decentralization, technological innovation, and social awareness, The ShibPaper emphasizes that SHIB is not just a passing fad.

The project aims to build the foundation for a more open and community-driven internet future.

You might also like: Why is the Notcoin White Paper Empty? Here’s the Answer!

SHIB Classic vs. Original Shiba Inu, Don’t Get Confused!

Amid the growing popularity of Shiba Inu (SHIB), many other projects are trying to imitate its name and branding to attract investors.

One of them is SHIBA INU CLASSIC or SHIBC, which at first glance sounds similar but is actually a completely different entity.

This phenomenon is often confusing, especially for those who are new to the crypto world and do not yet understand the difference between official and fake projects.

Without careful research, you could misread the white paper or even get caught up in an investment that is not part of the legitimate SHIB ecosystem.

Recognize fake whitepapers & lookalike tokens

As Shiba Inu’s popularity continues to grow, many projects have emerged that try to take advantage of SHIB’s big name.

They launch tokens and white papers that look similar, even though they have no connection to the official ecosystem. One prominent example is SHIBA INU CLASSIC (SHIBC).

Despite the “Shiba Inu” element in its name, this token runs on the Binance Smart Chain (BSC) network and is not part of the original ecosystem built on the Ethereum network.

It is important to note that SHIBC is not related to the official Shiba Inu project which can be accessed through the main website shibatoken.com.

Many novice investors are deceived because they do not verify the origin of the token or the origin of the white paper they read.

Some fake white papers even imitate the writing style or insert elements that make it seem like they come from the original SHIB development team, when in fact they are just imitations without a clear technical basis.

To avoid mistakes, always make sure you read the white paper from a legitimate source and understand the official structure of the SHIB ecosystem, such as the SHIB token, BONE, LEASH, and the Shibarium network.

If you find a project that uses the name Shiba Inu, but is not listed in the ecosystem, then it is likely a fake token that could be high risk, both in terms of security and potential fraud.

Why Isn’t the Whitepaper Name “Whitepaper”?

In the crypto world, white papers are usually identical to technical documents full of complicated terms and formal language. However, Shiba Inu chose a different path.

Instead of calling it a “whitepaper” like most crypto projects, the SHIB development team named it The ShibPaper, a choice that feels more casual, distinctive, and close to the identity of its community.

This is not just a matter of name, but part of a communication strategy designed to feel more inclusive, light, and friendly to anyone who wants to get to know this project better.

Another interesting article for you: Shiba Inu Coin Is: Meme Coin with a Serious Ecosystem

The ShibPaper = branding and community identity

The choice of the name The ShibPaper is not just about being different, but is part of a branding strategy that strengthens the distinctive identity of the SHIB community.

In an ecosystem built on the spirit of meme culture and internet creativity, this name shows the relaxed but solid character that is the hallmark of the Shiba Army.

By avoiding the technical and stuffy term “whitepaper,” The ShibPaper feels more friendly, familiar, and inviting.

This is in line with SHIB’s mission to be an inclusive and approachable crypto project for everyone, including beginners.

More than just a name, The ShibPaper represents how SHIB communicates: simple, conversational, and full of community style.

It’s a statement that this project is not just about technology, but also about collective spirit, internet culture, and a creative approach to building the future of Web3.

Conclusion: SHIB Has a Vision, Not Just a Trend

Well, that was an interesting discussion about The ShibPaper: Not Just a Meme Coin White Paper! which you can read in full at the Crypto Academy at INDODAX Academy.

In conclusion, The ShibPaper is not just a sticky document, but a foundation that explains the direction and big ambitions of Shiba Inu going forward.

In it, it is clearly illustrated that SHIB is not just a meme-based token, but a project that is building a Web3 ecosystem with a strong community foundation.

Starting from the development of Shibarium, the role of BONE and LEASH, to expansion into the metaverse and decentralized applications (dApps), all are designed to expand utility and strengthen SHIB’s position in the crypto world.

If you hold SHIB or are interested in getting involved, reading and understanding the contents of The ShibPaper is important. This is so that you don’t just follow the hype for a moment, but really know the vision, values, and long-term potential of the project you support.

Oh yeah, to broaden your investment horizons, you can also keep up to date with the latest crypto news and directly monitor the price movements of digital assets on the INDODAX Market. don’t forget to activate notifications so you always get the latest information about digital assets and blockchain technology only at INDODAX Academy.

You can also follow our latest news via Google News for faster and more reliable access to information. For an easy and safe trading experience, download the best crypto application from INDODAX on the App Store or Google Play Store.

Also maximize your crypto assets with the INDODAX Earn feature, a practical way to earn passive income from the assets you store.

Also follow our social media here:  Instagram, X, Youtube & Telegram

FAQ

1.What is the shiba inu white paper called The ShibPaper
The ShibPaper is an official document of the Shiba Inu ecosystem released by Shytoshi Kusama. It discusses the roadmap of the SHIB project, including the role of the SHIB token, BONE, LEASH, and the Shibarium layer 2 network.

2.What is the main content of The ShibPaper
Its contents cover the direction of the SHIB ecosystem development in the DeFi and Web3 world, from tokenomics, adoption strategies, metaverse projects, to decentralized applications involving the community.

3.Who is Shytoshi Kusama in the SHIB project
Shytoshi Kusama is the main figure and core developer behind the SHIB ecosystem. He compiled The ShibPaper and is known as an active driver of the Shiba Army community.

4.What is the difference between the original SHIB and SHIBA INU CLASSIC
The original SHIB is an official token that runs on the Ethereum network. While SHIBA INU CLASSIC is a clone project on another network such as BSC, and is not related to the official SHIB ecosystem.

5.Why is it called The ShibPaper instead of an ordinary white paper
The name The ShibPaper was chosen to reflect the creative and inclusive character of the SHIB community. This is part of a communication strategy to be friendlier and more down-to-earth than the usual crypto white paper.

Author: Boy