I am become DINU, Destroyer of S&P
Dogey-Inu : For fun, for frens, for wealth.
Salutations meme lords, neckbeards, and inquisitive boomers alike. I am GIGA and as Ryoshi said, “who I am is not very important and in a few moments you will understand why” I simply set a few actions into motion.
I will begin with SHIBA as it has modeled everything that DINU built its principles on. There is truly something to be said about spontaneous community building in a decentralized fashion. There have been many meme tokens before it, yet none of them managed to gain quite as much traction as SHIBA has in the past few months. There is one key component; community.
Whether you blame, or maybe even thank Elon; it is the sheer will of the community that drove SHIBA to the masses. I witnessed, as well as took part in the rise of SHIBA. Each and every hodler is valuable; every tweet is important.
Many neckbeards cry, complaining that these meme tokens have no utility. Yet their exclusivity mentality and unrealized ignorance keep the world from buying their favorite “utility” tokens. They are also just as quick to trust a few given parties at holding the keys to the contract into which they poured their life savings.
Meme tokens like SHIB and DINU are meant for the masses; For the adoption of crypto among laymen. Utility? Who cares, if they do, they will build it. End-goal? Never-ending growth and adoption. DeFi is about you, for you alone. Many projects have some ridiculous 50% founders wallet, or keys to access and change code at will. Do you TRUST these people? If so, you miss the point.
Achieving full decentralization is a bumpy road. Early buyers dumping whole bags on the later. As % held per address spreads thinner, you begin to achieve it. Each and every holder responsible for their own wealth. In DINU there is no central party. Some may argue that I, Giga, am responsible, but I never distributed tokens to my address. Any tokens I hold are tokens I bought off the market (AFTER sniping bots I might add…).
There were a few things I felt important to implement with DINU. Keeping this simple.
- A 60% burn to Vitalik ensured that if anyone can rug DINU it’s him. It seems to have paid off for SHIB even far after I made this decision. It also makes the decimals slightly easier to work with.
- An initial liquidity offering of .01 ETH/40% of total supply that was locked into a contract for 79 years. Almost as low as I could possibly set its initial valuation. Why lock? The OA can’t pull liquidity leaving you with a bag of tokens you can’t sell. Why 79 years? It will be the year 2100, that’s the only reason.
- No founder/presale tokens. That is not Defi, it is also a liability.
Lower liquidity = Higher velocity. This is something to keep in mind. Uniswap V3 released a very short time after launch. This allows for some interesting pumpimentals. We could now slowly drain the whales of their supply while they provide liquidity at market price. Many sites such as dextools still do not track the price movement on Uniswap v3 pools. This might temporarily hurt the FOMOers because they won't see as dramatic movements on the charts, but ultimately it is extremely useful in achieving greater decentralization. This means more people interested in shilling their own bags.
Currently, I am solely driving a lot of the fun things we can build on top of DINU. I hope that one day this is not the case. I hope that many talented and dedicated SHIB holders join the #dinuspaceforce. I am as much a volunteer as any other.
A few important notes. I do not take investments. I do not pay promotional groups/channels or pump and dumpers to taint OUR token and find it pretty fun to troll them in my free time.
We are still small and very young. As I said before, every hodler matters. I am always available to help you with questions or listen to ideas. If you have an audience, help us grow! If you’re familiar with CEX community listing events, let me know! If you’re a dev, BUILD ON IT, and I will ensure that everyone knows about your dapp and helps donate to the project. No matter what corner of the internet you’re from, we are here.
Telegram is best: https://t.me/giga_doge
If you must email: Giga@dogeyinu.com
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