Exposition
As a dedicated advocate for the Shiba Inu ecosystem, I’ve poured my heart into supporting a community that champions equality and envisions a brighter future for all. From the early days when Shiba Inu had only a few holders, I’ve witnessed its growth and impact firsthand. The bonds I’ve formed with members like Shytoshi and many others have been invaluable, as you’ve supported and implemented my ideas, making us a tight-knit family. Together, we’ve achieved remarkable milestones, with the PawZone mission serving as a testament to the collective efforts of the ShibArmy.
This token, $STEAK, is my humble contribution, launched entirely from my own resources, with no involvement of VCs or private investors. It’s a token with intrinsic value, a finite supply, and diverse use cases, designed to benefit both $PAW and $SHIB tokens in ways previously unseen.
This is my gratitude to those who’ve been with Shiba Inu and PawZone from the start.
Introduction
All dogs bury treasures they deem precious, and for Shibas, nothing holds more allure than a succulent piece of $STEAK. This token stands as the embodiment of all that $SHIB tokens encompass: the versatile utilities of $SHIB, the governance mechanisms of $BONE, and the exclusivity reminiscent of $LEASH.
Tokenomics
Only 100,000 portions of STEAK will ever exist, igniting a race to accumulation like no other. With such a scarce supply, the allure of securing all the benefits drives the desire to acquire as much as possible before the masses catch on.
At launch, the majority of the supply, comprising 52% of the total, will be made available to the community, paired with ETH to provide initial liquidity. This leaves a mere 28% accessible exclusively through staking on PawFi and 8% through a phased PawFi airdrop campaign.
The remaining allocation for founders and the team will be secured in a vesting contract via a multi-sig wallet for enhanced security.
Utilities
$STEAK is a reward token with governance, use cases, exclusive access, and token buybacks.
It will act as governance on PawFi. Users will be able to make vital decisions impacting the future of PawFi and $STEAK in the DAO. Each $STEAK counts as one vote cast.
Borrow $STEAK for use in PawFi features or lend your $STEAK as collateral for APY.
Exclusive access to different perks are provided simply for holding a certain allocation of $STEAK.
Holders with:
- Certain amounts of STEAK will be granted different multipliers in the upcoming PawFi airdrop campaign.
- 20 STEAK will be eligible to use the PawFi token creation feature on Ethereum and Shibarium for free.
- 30 STEAK will receive automatic qualification in all weekly raffles which will contain prizes such as Shiboshis and Shiba Inu tokens.
- 100 STEAK can attend IRL events and meets organized by PawZone
- 500 STEAK are eligible to have their token of choice listed on our platform to earn $STEAK for their holders. (Tokens will be audited and must be a Shiba Inu related project)
- 1000 STEAK are granted revenue share on PawFi
Consistent token buybacks
- A portion of PawFi fees will be used to buyback and burn $STEAK.
- A portion of token taxes will be used to buyback and vault $STEAK.
After the launch of PawFi there will be a 3 day staking incentive for STEAK (and PAW) holders. There will only be one time to take advantage of the generous APY.
Fair Launch
Far too often, projects seek hefty investments from large venture capitalists and private presale investors, only to witness a crash in token prices, leaving only the wealthy to profit. That’s precisely why there will be no presale funding or involvement of VCs.
I am committed to a fair launch, with the entire initial liquidity sourced from my own pocket, ensuring there’s no chance for anyone to flood the market with excess supply. To maintain transparency, 90% of the initial liquidity will be locked for 2 years, while the remaining 10% will be allocated to create a Uniswap STEAK/ETH pool. Rest assured, there will be no selling on my part.
Furthermore, a fair launch provides equal opportunity for the entire community to become early holders. $STEAK will initially launch on Ethereum before expanding to Shibarium, making it a truly cross-chain token.
ShibaSwap Launch
I strongly advocate for all tokens within the Shiba Inu ecosystem created on Ethereum to make their debut on ShibaSwap before venturing onto any other exchange. This strategy not only elevates the visibility of the ShibaSwap platform but also attracts a plethora of new users to the Shiba Inu community.
As evidenced by the remarkable success of $PAW, which achieved a staggering $40 million in trading volume within 24 hours of its fair launch and held the top trending spot on DexTools for nearly a week, our presence has significantly bolstered ShibaSwap’s activity.
With $STEAK, I aim to replicate this success story by launching on ShibaSwap, thereby infusing liquidity into the DEX through a fair and transparent process once again.
Taxes
Here is the breakdown of the tax structure for $STEAK.
Day 1: 3% Buy 10% Sell
Days 2–7: 3% Buy 5% Sell
Week 2: 2% Buy 4% Sell
Week 3: 2% Buy 3% Sell
Week 4: 2% Buy 3% Sell
Week 5 and onwards: 2% Buy 2% Sell
Taxes will be sent to a treasury to provide funding for projects, liquidity on DEXs, CEX listings, marketing, and token buybacks.
Benefits for PAW and Shiba Inu tokens
PAW and SHIB ecosystem holders will have the opportunity to leverage their assets in DeFi and earn STEAK through the use of PawFi. There’s only so much STEAK to TAKE so STAKE your tokens for STEAK. You can even STAKE your STEAK and use the STEAK you earn to STAKE even more STEAK!
PAW will benefit from buybacks facilitated by STEAK, generating significant buying pressure reminiscent of the Bitcoin spot ETF approval. A portion of the STEAK tax will also be allocated to acquiring and vaulting SHIB tokens.
As previously mentioned, PAW is slated to join Shibarium soon, and the STEAK tax will facilitate PAW’s integration into the Shibarium network.
Transparency
In an effort to maximize transparency, I will make the wallets accessible for verification, demonstrating that I will not sell any tokens during the launch. This measure will guarantee that no false narratives can be concocted or misinformation spread. The same level of transparency will be upheld for all smart contracts involved.
Conclusion
With a limited supply of 100,000 tokens, $STEAK aims to incentivize accumulation through its utility features and exclusive perks. It is the equivalent of diamonds to Shibas. The token will act as governance on the PawFi platform, offering various benefits such as borrowing, lending, and exclusive access based on token holdings. The fair launch approach ensures equal opportunity for community members, with plans for cross-chain integration and launch on ShibaSwap. Additionally, the tax structure and transparency measures are outlined to promote trust and accountability within the ecosystem, benefiting both PAW and SHIB token holders.
Contributing your skills and efforts to better the community in any way one knows how is what it truly means to be Ryoshi. PawZone strives to achieve this every single day. So let’s show crypto enthusiasts the strength of the ShibArmy with STEAK.
Power to teh people.
