What is Sushibatoken (SUSHIBA) | What is SUSHIBA token

In this article, we’ll discuss information about the Sushibatoken project and SUSHIBA token

Sushiba is a BEP-20 token created in May 2021 with the aim to bridge the gap between food-related tokens and dog-related tokens, hence the portmanteau Sushiba, coming from Sushi plus Shiba.

Sushiba is a token that will become the centrepiece of an AI-Based decentralized Marketplace with unique, decentralized applications.

The features of the token in of itself are:

1. Reflect Finance Tokenomics: a set percentage of each transaction is redistributed to each token holder.
2. Burn/Transaction Fees: a set percentage of each transaction is automatically burned, therefore, gradually reducing the circulating supply.

The Sushiba journey started with the observations of one of its founders that a vast number of features that are taken for granted in modern day applications are not as ubiquitous within the DeFi space. Machine learning systems managing data and user preferences, utilized in major web-applications such as YouTube, Instagram, Amazon, in the meantime can be found everywhere in their company-based counterparts.

The application of machine learning algorithms alongside the blockchain technology is the logical solution to creating a better customer experience as it enables the natural evolution of society in becoming more and more decentralized. Decentralization should however not necessarily mean the loss of the standard AI-based features everyone is used to and is so familiar with today. This gap has motivated the founders to seek out more efficient ways to optimize the user’s experience within decentralized networks.

Who Are the Founders of Sushiba?

Sushiba was launched by two main founders, Andrea Chello and Weiyu Tang.

Chello has had three years of experience as a finance professional, working in various investment and hedge funds. He left the finance space to dive into the world of data science and data analytics as a Data Scientist for two years, due to his fascination with data and technology. This redefined his entire viewpoint when it came to understanding the integral part data plays in the decision making of an individual or company vis-à-vis the financial markets.

He has also a bachelor’s degree in Economics and three master’s degrees in corporate finance, investment management and financial engineering respectively.

At the time of launch, he noted that many features that are taken for granted in modern day applications such as YouTube, Instagram etc. (i.e. machine learning systems to manage data and user preferences) are not as ubiquitous within the decentralized space as they are in their traditional company-based counterparts.

Chello has also worked extensively as a full-stack web developer as of 2020, building e-commerce websites for shops in need of adapting to the Covid-19 crisis. This was vital for the shops as they were forced to close for extended periods at a time and were in need of an online presence to continue operating.

Tang is a recent postgraduate with both bachelor’s degree and master’s degree in Accounting and Finance. Her professional experiences involve working as a risk analyst in the financial industry as well as starting her own start-up during her undergraduate degree. This was aimed at improving the utilisation efficiency of campus resources in major Chinese universities. After years of exploring and accumulation of competences, Tang not only has a solid knowledge base of accounting and finance, but also developed her interests and skills in the technology field. She is an excellent data analyst and programmer, as her projects speak for themselves, one of them being building her own cryptocurrency and blockchain with associated web-app in Flask and creating her own algorithms for it.

As a creative and ambitious person, Tang would like to further integrate blockchain and cryptocurrency and bring more real world value to the crypto market.

What Makes Sushiba Unique?

As opposed to the majority of tokens, the real-world uniqueness of Sushiba, comes from its goal of creating an AI-based decentralized marketplace on which tokens can be earned or farmed, which will also be spendable on real-world services or goods. One of the issues with cryptocurrencies is that merchants are rather slow in accepting them. A decentralised marketplace with the necessary modern-day features would be one small step towards greater adoption of cryptocurrencies and Sushiba, and would give a real-world value to the token.

The rollout of the Sushiba ecosystem will take place in the form of partnerships with suppliers in different industries, providing the tokens with a real use-case and value. Industries like gaming, real estate and retail could benefit from such partnerships by means of creating and providing an alternative to people with the power of decentralisation. This should, in theory, provide more tailored services to a wider range of people.

As it has been noted earlier, many features that are taken for granted in modern day applications such as YouTube, Instagram etc. (i.e. machine learning systems to manage data and user preferences) are not as prevalent in the DeFi space.

One of the vital components of any marketplace is data management. Sushiba recognises the need for data management and will be rolling out custom AI solutions, data analytics and recommendation systems to help foster the integration of a truly decentralised marketplace.

This can be imagined as applying the YouTube recommendation algorithm to the retail world on a decentralized network. Shopping recommendations are intelligent and relevant and they take place on a decentralised marketplace. Such algorithms could also be used to improve user experiences and help with fraud detection and prevention, as each product would be fully traceable from the point of manufacture to the point of confirmation of satisfaction from buyers end.

The project could be summarised as aiming to become the Amazon of cryptocurrencies.

How will this be implemented?

Sushiba is only the start, as it represents the foundation onto which the entire ecosystem will be built. New portmanteau services combining food and dog related themes will be introduced as the Sushiba Family.

Each member of the Sushiba family will act as an individual microservice that will form the basis of our ecosystem. Decentralized apps will range from swaps, to decentralized exchanges, to recommendation systems, to full-fledged data analytics platforms and back-end services to manage each unique combination of tokens.

Sushiba is part of an ever-expanding decentralized industry and will bring real value added by combining the decentralization of the blockchain to more smart and customized experiences with the aid of AI-based services.

The end goal would be the creation of an AI-based, decentralized marketplace. The creation of such a marketplace will be accompanied by many gamification aspects, such as incentive reward systems and badges, much like the old-school Foursquare gamified badge system. This will be used in conjunction with recommendation algorithms to improve user experience and ultimately give real-world value to each reward in the form of products and services, as well as discounts on said products and services.

Tokenomics Explained

Thorough Breakdown of Sushiba’s Tokenomics

Fee Structure

2% Reflection/Redistribution Fee

2% Transaction/Burn Fee

Total Supply: 1,000,000,000,000,000 - 1 Quadrillion

Initial Burned Tokens: 500,000,000,000,000 - 500 Trillion

Fair Launch Supply: 500,000,000,000,000 - 500 Trillion

The tokens in the burn address will increase as this is a deflationary token, meaning tokenomics apply to the burnt address aswell. So 2% of each transaction will be also redistributed to the burnt address, which will decrease the circulating supply over time.

The tokens in the dev wallets also have tokenomics applied to them. The excess of the initial token amount, so the part accrued by the tokenomics, will be redistributed according to our Community Token Bonds program.

Community Token Bonds

Are a brand new concept introduced by Sushiba to help foster the growth of projects while still benefitting both investors and contributors.

You can Contribute to Helping us Achieve the Goals on our Roadmap by donating to our marketing wallet and being paid back in Sushiba once we hit $1 million market cap!

1. Contribute to the Growth of Sushiba

Our community is growing with each passing day and their support has been amazing from day one of the project’s launch.

Many of you know by now that our word is our bond and we will document any transaction from this wallet and let the community know how funds will be spent. We are here to stay and we want to grow with you for a long time!

Contributions of any size are welcome!

2. We will Need your Help to Reach our Targets

Current Budget Goal

$7000 for Marketing

Current Market Cap Goal

$1 million

3. Get Paid Back in Sushiba

Once the budget goals and market cap goals have been reached, you will get paid back in Sushiba out of the Dev Wallet’s excess tokens

The Dev wallets which have 3% are included in the tokenomics

By redistributing any excess of 3% from the tokenomics to contributors of the community we will constantly keep the wallets at 3%

How and Where to Buy SUSHIBA ?

SUSHIBA token is now live on the Binance mainnet. The token address for SUSHIBA is 0xa96658cd0d04a8fdcdc30d1156cc65bbfc7591ed. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

Join To Get BNB (Binance Coin)! ☞ CLICK HERE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

☞What is Metamask wallet | How to Create a wallet and Use

Transfer $BNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap SUSHIBA token

Contract: 0xa96658cd0d04a8fdcdc30d1156cc65bbfc7591ed

Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap

The top exchange for trading in SUSHIBA token is currently Pancakeswap v2

Find more information SUSHIBA

☞ Website ☞ Explorer ☞ Explorer 2 ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Coinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!

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I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #sushiba #sushibatoken