Proposal: Onboard SHIBGF with 30K BNT Trading Liquidity

Proposal to Whitelist SHIBGF with 30,000 BNT Funding Limit

This proposal is expected to appear on Snapshot for voting on 2022-01-09T12:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.*

TL;DR

  • Proposal to whitelist Shiba Girlfriend [SHIBGF] (https://shibgftoken.com/), with the pool to commence with the launch of Bancor3.
  • Proposed funding limit is 30,000 BNT.
  • The team is providing 10,000,000,000,000 SHIBGF tokens:
    • 5,000,000,000,000 will support external IL protection.
    • 5,000,000,000,000 will support our auto-compounding rewards program for our community.
  • There are no apparent security concerns that would prohibit whitelist status.
  • The Shiba Girlfriend (SHIBGF) team is excited to collaborate with Bancor to educate our community about DeFi.
  • We hope to further the Bancor mission by providing an introduction to our community, a new and enthusiastic demographic of users who may be interacting with DeFi for the first time.

SHIBGF token address: 0x505a84a03e382331a1be487b632cf357748b65d6

Project Website: https://shibgftoken.com/

Token Security and Distribution

SHIBGF does not have an elastic supply, or rebase mechanism. The SHIBGF contract supply is 1,000,000,000,000,000 (1 quadrillion) of which 277,400,000,000,000 (27.74%) has already been burned. A further 329,634,152,761,493 (32.9%) tokens are locked on team.finance, including our UniswapV2 liquidity.

Project

$SHIBGF (Shiba Girlfriend) is a meme-with-utility token (What Is ShibGF (Shiba Girlfriend) and How to Buy & Invest in It - YouTube) that helps female technology engineering students and entrepreneurs establish themselves in the tech space by helping fund their education and development. SHIBGF looks to sponsor programs that foster female programmers and developers, and aims to grow movements to help these women thrive, both in crypto and beyond.

It’s also a mission that everyone can get involved in! The $SHIBGF community aims to close the gender gap that currently exists in the technology sector. Our goal is to bring attention to this within the crypto community and help drive our message to encourage more women and girls to build a future in programming and engineering.

Tokenomics

32.9% Supply Locked on Team.Finance (Combined team, ecosystem, and marketing locks – to be re-locked).
27.74% Supply Burned.
No taxes, reflections, dev fees, or rebasing mechanisms.

SHIBGF has released the exclusive Shiba Girl Squad NFT collection which will donate 80% of all proceeds directly to organizations that educate women and girls in tech-related fields. The remaining 20% will be used to perform a market buy-back of the $SHIBGF token and immediately BURN them.

Community and Communication

SHIBGF is active on:
[Telegram] (Telegram: Contact @shibgftoken)
[Reddit] (https://www.reddit.com/r/ShibGFtoken/)
[Twitter] (https://twitter.com/ShibGF)
[Medium] (https://shibgf.medium.com/)
[Instagram] (Login • Instagram)

Available Audits

The $SHIBGF contract audit was published on [November 23, 2021] (smart-contract-audits/ShibGF_AuditReport_InterFi.pdf at main · interfinetwork/smart-contract-audits · GitHub)

Market and Trading Data

  • $SHIBGF price at the time of writing is $0.00000001313
  • All-time high: $0.00000009377(Nov 02, 2021)
  • All-time low: $0.00000000193 (Oct 30, 2021)
  • Price 90 days ago: $0.00000003022
  • 590,476,430,000,000 tokens in circulation
  • 1,000,000,000,000,000 maximum supply.
  • The current market capitalization is $7,835,894.
  • The fully-diluted market capitalization is $13,052,229.
  • The $SHIBGF token is available on UniswapV2 and XT.com.
  • At the time of writing, the 24h volume is $96,039.

Benefits for Bancor

SHIBGF is excited to be part of the Bancor economy. As a microcap “meme” token, we understand that the insurance risks can be prohibitive. Therefore, we are pleased to announce that we will be making use of Bancor’s external IL protection function with the release of its version 3, and are happy to commit 5,000,000,000,000 $SHIBGF tokens to protect our community’s liquidity providers against impermanent loss. Further, we will commit an additional 5,000,000,000,000 $SHIBGF tokens to fund our own incentives program via Bancor’s unique auto-compounding rewards.

Our hope is for the $SHIBGF liquidity pool to be viewed as a safe-haven for our long-term community members seeking to engage in DeFi without the stress of actively managing their position.

4 Likes

Excited to see this proposal!

If Bancor truly wants to compete with Uni and Sushi, then we should happily welcome “more-than-a-meme” coins like shibgf.

I hope that shibgf becomes the first of many that are Whitelisted. They’re also great candidates for 3rd IL Protection and 3rd Party LM in Bancor 3.

It also doesn’t hurt that this project focuses on a great cause.

2 Likes

Hi @SHIBGF,

Thanks for bringing this proposal to our DAO. I will be voting in favor of onboarding SHIBGF since the risk seems minimal in my opinion (30K BNT) and I also support your mission. :+1:

2 Likes