# 2. Introducing Shiba Burn Tribe

Shiba Burn Tribe aims to build a DeFi ecosystem that compliment the Shiba Inu coin. Shiba Burn Tribe seeks to bring scalability, security, robustness, and utility to Shiba Inu Coin. In short, Shiba Burn Tribe doesn’t compete with Shiba Inu coin. Instead, it aims to harmonize with SHIB and enhance it with smart contract capability.

It's important to note that the Shiba Burn Tribe project is a community-first ecosystem that aims to empower $SHIB holders and enthusiasts.&#x20;



**2.1 Solutions brought by Shiba Burn Tribe**

The main goal of Shiba Burn Tribe is to reduce the Shiba Inu coin supply by&#x20;

providing it with much-needed utility all equipped with a burn mechanism.&#x20;

By burning tokens, the number in circulating supply reduces over time and, in theory, should elevate the SHIB price floor.



**2.2 Shiba Burn Tribe utilities:**

\
&#xNAN;**\*** SBP token: The SBT token has a automated $SHIB burn mechanism. 2% will be sent to the Burn Wallet on every buy/sell, this will be fully transparent. The smart-contract has a burn-counter function so the public can easily see how much $SHIB got burned.

<figure><img src="https://3432317963-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FcbD3t89QFIs6iJCkoeCM%2Fuploads%2FhI47iqTT0xB4aK6KqiQw%2FScreenshot_20220920_095653.jpg?alt=media&#x26;token=4739211f-2a48-447f-b61d-8203052e65e6" alt=""><figcaption><p>Contract Function</p></figcaption></figure>

&#x20;This counter function is also linked to a visual real time burn-counter on the Shiba Burn website.

<figure><img src="https://3432317963-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FcbD3t89QFIs6iJCkoeCM%2Fuploads%2F164Giuq8L4J0h8bximu9%2FIMAGE%202022-09-20%2014%3A58%3A18.jpg?alt=media&#x26;token=1361b5e0-5017-487b-8c18-8ceb13191284" alt=""><figcaption><p>Burn counter on website</p></figcaption></figure>

**\*** Staking: 10% of the 90% emergency end stake penalty will be used to sent $SHIB to the Burn Wallet.

**\*** Shiba Burn Tribe NFT's: 25% of all funds raised from the NFT's sold will be used for a Play to Burn & Earn game.

**\*** Play to Burn & earn: Gamers will be able to earn $SBT and burn $SHIB at the same time by playing the game.

**\*** ShibaBurn Chain: Users can wrap their $SHIB into SHIBABURN chain smart contracts and receiving $wSHIB PoS tokens in return. $wSHIB tokens live on the SHIBABURN chain blockchain and will allow users to access an ecosystem of DeFi products, NFTs and GameFi, all indirectly powered by their original $SHIB tokens.&#x20;

A percentage of the network fee will be sent to the burn wallet.

**\*** ShibaBurn swap: Our swap will have a buy and burn function integrated.

More info on the Chain and Swap will be released in the 1.2 Whitepaper.



**2.3 $SBT Token info**&#x20;

**\***&#x4E;ame: Shiba Burn Tribe&#x20;

**\***&#x53;ymbol: SBT

**\***&#x54;otal supply: 10B
