SHIBDAO is a system for a decentralized reserve currency based on the $BONE token. Each $BONE token is backed by a basket of Shib Den assets, giving it an inherent worth that cannot be depreciated. Through staking and bonding, Shiba also adds unique economic and game-theoretic dynamics into the market. SHIBDAO is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. As of December 2020, the network has transacted an estimated $299 billion for over 2 million users.
Calculators and Graphs
Contracts: Smart contracts for this project included token creation, staking contract, bonding contract, and a SHIB DEN contract that holds all of the protocol’s money. UI Design: An easy-to-understand user interface was designed for the DAO platform, with custom images being put in the UI kit. Integrations: The backend functionality of all the modules was then integrated with the front-end for the full working of the DAO platform. Delivery: The platform, along with each smart contract ownership, was handed over to the client after thorough QA testing and troubleshooting.
Strategy and Goals
The project’s objective is to create a policy-controlled currency system in which the DAO has a high amount of control over the $BONE token s behavior. In the long term, this approach may be leveraged to optimize for stability and consistency, allowing $BONE to act as a worldwide unit of account and medium of exchange currency. ShibDAO seeks to optimize the system for development and wealth generation in the short term.
User Interface - SHIBDAO
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