(February 3, 2023) – The Solana blockchain is gearing up to sustain and grow itself out of the current situation. Supporting its cause is the ‘Solana Army’, an ambitious community marching undeterred, and willing to go the extra mile to continue expanding the blockchain’s tremendous potential. The latest venture is the deflationary meme token, Shitcoin, which has lined up a 100% airdrop facility, and will donate 1% of every transaction to the Solana Lab.
Shitcoin has taken up a big challenge - to restore liquidity in Solana. As a deflationary meme token, its focus is on the community that has always stood by Solana. Apart from the donation to Solana Lab, which will help upgrade the Solana ecosystem, the support will aid the monolithic chain in enhancing its services.
Created by and for the people, Shitcoin will be presented to the Solana community as a 100% airdrop token. The platform features price stability mechanisms such as automatic, continuous and manual burning to preserve value.
“This meme coin is for the Solan community, made by its members to bring together all Solana diehard fans and supporters. It’s time to get rid of those who abuse cryptocurrencies, and make Solana a true asset for everyone who believe in the vast potential of Solana that is only waiting to be explored,” said a representative from Shitcoin.
While everyone in the Solana community (all owners of native SOL token, and also NFT Degens) will get their share of the airdrop, the Shitcoin team will also be working on other Solana projects. Ultimately, it aims to become the real Solana community.
The meme coin is borne out of the existing scenario in the crypto world and the challenges that Solana has faced since the collapse of FTX. There have also been cases where the Solana platform wasn’t utilized in the best interest of everyone, and the net effect has been a deterioration of trust. Shitcoin aims to restore people’s trust in the greatness of Solana.
“We are innovating for good because we are closely connected to and motivated by our awardwinning community, ‘The Solana army’. We want to proceed with building new projects in commerce, the metaverse, and the NFT universe, projects which are more effective and create new types of value,” said the representative.
Shitcoin’s airdrop will mark the beginning of a new stage in the evolution of the blockchain. The team is building the second phase of the project, where the aim is to grow the Solana blockchain and to nurture new inventions. The project has a wider aim as well - creating a venture philanthropy model to spread these discoveries around the world. Ultimately, all this will go towards restoring faith and liquidity in Solana.
When asked about the future, the team is upbeat on what lies ahead. For them, the Solana blockchain is unique in its low transaction fees, speed, stability and effectiveness. It exercises greater control than Ethereum, but that makes it less prone to outages or any interruptions. The NFT community has a good presence on Solana. All of this makes Shitcoin a strong contender, and in turn, its success will further bring greater action to the blockchain.
To make Solana compete with Ethereum, the Shitcoin team would want to see it financial support to spur other actors to join the blockchain as validators. Currently, Solana has a few thousand validators, and the pool needs to expand so as to allow more projects to be built. The voting fee of 1.1 SOL per day is another challenge that needs to be addressed.
“Solana has a lot of potential if we can increase the network's security. It is a great idea because of the blockchain's incredible speed and inexpensive prices,” says the representative.
Shitcoin’s support extends to the Solana NFT ecosystem as well. It is hoping to see the blockchain fulfill its promise by going forward with consistent development and thereby demonstrating itself as a cryptocurrency and blockchain of value and trust.
For more information, please visit: https://shitcoinsolana.com/
Twitter: https://twitter.com/ShitcoinSolana
Contact information
SHITCOIN
United Kingdom