Shibnobi AMA Meeting with CEO Cliff Fettner 10/25/2022

Shibnobi AMA Meeting with CEO Cliff Fettner 10/25/2022


-DAO POLL RESULTS: We have received an astounding amount of input on our Twitter / Telegram polls regarding how votes will be cast on our upcoming DAO site. It’s obvious that the majority favors voting through burning Shinja tokens. However, some holders have also proposed that we increase the burn value from $1 to further aid in reducing the circulating supply. Therefore, we will be posting another poll soon for users to vote on the amount they would like to see per vote.

                                          Open-Floor Q&A

Q: Will casting votes by sending tokens to the burn wallet cost gas?
A: Yes, as is the nature of all transactions on the blockchain. However, gas fees with our V2 contract should be noticeably smaller on average compared to our V1 contract since we have optimized it to have the best gas fees (contracts with a reflections tax tend to have higher gas fees).

Q: Will casting votes have low gas fees if we use the Shinja token on our blockchain in the future?
A: Yes, if we launch the Shinja token on our upcoming blockchain, the gas fees will be lower compared to Ethereum.

Q: Will we be able to cast votes using Shinja on BSC?
A: Yes, you will be able to use our Shinja token on any network it is on to cast your votes.

Q: What would it take for Shinja to reach the market cap of Ethereum or Bitcoin?
A: This is something that would very likely never happen with our token, but we believe could be possible through our Shinja coin / Shibnobi Chain with time. It would take an incredible amount of momentum and funding to reach these levels though, which is one of the main reasons why we have placed our blockchain on the backburner for now. We will continue to research the newest technologies, and build our network to the highest standards. We’ve witnessed many rushed blockchain projects in this space that have failed, and we do not want to make the same mistakes.