Classic redistribution

This is a concept that was popularized by Safemoon. The mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells). Redistribution is based on percentage (in the contract), current token balance and number of holders.

TL; DR: You receive more tokens automatically.

SHIBA redistribution

Popularized by Shiba and GhostFace, a transaction fee is applied to every single buy /sell order, tokens are then swapped in realtime for SHIBA and added to a POOL (similar to how liquidity pools work). Holders can then go to a website and manually claim the SHIBA earned at specific time (daily / weekly / etc …). They can then collect the shiba are based on their token holdings % and the current pool size.

TL;DR: You hold, then go to the website and request your shiba.

CHRISTMAS SHIBA redistribution

Claiming manually is unintuitive for a couple of reasons:

  • Need to connect your wallet manually to the website

  • Time constraints as you need to return frequently to manually claim your shiba

  • Educating holders is complicated. It’s difficult for them to understand the value until they go through the full claiming experience. More difficult to market.Time constraints as you need to return frequently to manually claim your shiba

A unique system was created that auto-claims for every single holder the amount due. We call it the CHRISTMAS SHIBA PROTOCOL.

The way it works for holders: You buy tokens and hold them, every 30 minutes you’ll automatically receive shiba in your wallet. Not a single action is required.

Your CHRISTMAS SHIBA tokens amount is persistant and won’t change.

Behind the scenes

  • The contract keeps track in an array of all token holders

  • The contract keeps an index into the array for processing

  • Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more, since the gas will still be proportionally less than the value of the tokens)

  • The token is based on a Dividend-Paying Token Standard, which means all shiba the contract gains will be split equally proportionally to the token holders.

  • When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for shiba, or automatically buy back tokens for them.

CHRISTMAS SHIBA Launch

The protocol will be launched soon (to be announced - follow our telegram for all updates)

Security of CHRISTMAS SHIBA

Locked Liquidity Initial liquidity will be locked for 6 months to provide holders with peace of mind that the token can always be exchanged. A trusted 3rd party, PINKSALE, will operate as the middle man to ensure that all raised liquidity is locked in a secure locker for the full timeframe.

We were able to ensure no vulnerabilities can be found such as:

  • Integer Overflow

  • Integer Underflow

  • Callstack Depth Attack

  • Timestamp Dependency

  • Parity Multisig Bug

  • Transaction-Ordering Dependency

  • The token contract will be verified and available for viewing on bscscan before launch.

Other features

Investor will be rewarded 10% SHIBA INU rewrds whenever some investors ape in, that 10% will be distributed to the hoders, more you hold more you got the percentage. 3% will be used to fuel the liquidity pool exchange growth. 3% is used in buyback wallet to make the chart looks healthy and bullish

Total sell fee = 16% (10% SHIBA INU redistribution + 3% Liquidity pool+ 3% Buyback Wallet).

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