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ShibaRISE Light Paper
V1 7/25/2021 – ShibaRisa Core team
*The following statements below are subject to change as we continue to build out the logic behind the platform. As you can imagine gathering and organizing all the criteria that would be considered ‘fake, scam, rug pull, pump and dump, get rich quick, no utility’. These are just a few examples of the things that would be considered when making an evaluation of the projects/tokens/coins. *
The Big Problem in DEFI
In the world of DEFI there are thousands and thousands of unscreened coins. This is a double-edged sword as it enables entrepreneurs and visionaries to build something without the traditional means of acquiring capital. This also enables bad actors in the space take advantage of unknowing individuals. These bad actors leave a bad taste in most investors. Trader’s mouth. There is the birth of ShibaRise.
Our solutions to clean up DEFI
*In this document I will not spell out all the “Is and then’s “, although I will give you some real examples of the data we will look at when building the risk assessment matrix. *
ShibaRisk will be creating a risk assmenent tool for DEFI traders to use. This tool/widget will give you a risk assmenent similar to the buy and sell index on trade view. Unlike trade view we will look at more then the technical indicators of the coin to make our assmenent.
Some of the things we will look at will be:
1. How many holders
- How many whales
a1. How many individuals hold more then 4 times the medium bag size
2.Average bag size
a1. Is the creator of the coin a whale if so, what is the percentage of holdings in regards to circulating supply and max supply.
- Is this a printed/minted token
- If so is coin listed on coinmarketcap, coin gecko
a .Exchanges
- tokenomics
b1. What kind of contract, does it burn, re print, ect.
- The website and support team.
- Does the coin have a use case.
- How viable is the use case.
- Is this a true utility token or a grab for money hiding behind tokenomics?
These are just a few of the things the ShibaRise will consider when making a evaluation on a token/project.
Outside of the widget ShibaRise will allow the community to use the ShibaRise token to vote and submit projects/tokens to be looked at.
These community inquired tokens will be investigated manually by senior members of the ShibaRise team and will be submitting the findings to the community members who inquired about the coin. Other members that did contribute to the funding of inquiry will be able to use ShibaRise to see the results.
Do the vast number of tokens and possible inquiries these community driven inquiries will be limited to only the top 5 for the week. *subject to change as the community and teams grow*
*Again this is V1, Stay in touch as we progress with our light paper, coin updates, and development in the project. *
