I’m from r/SHIBArmy But I would not let you outside ShibAdults! So I’m reposting.
Hi ShibArmy. My name is David!
In the last month, I’ve seen many people coming up with ideas to burn Shib and increase the value of the coin, as long with providing new use cases for it.
I got touched by the Burn Playlist, I thought it was an AWESOME idea to burn coins using the revenue generated by ads, instead of the ShibArmy money.
I’m a software engineer, I work as an Android Developer. I decided to make something similar called SHIBAPP BURN. The idea is pretty simple: Revenue generated from the in-app ads will be used to burn coins, but with a twist! The coins will not be actually BURNED! keep reading!.
I also came up with a nice ecosystem, and a plan with some phases, but I need your help ShibArmy, to take important decisions on how to handle this. At the end, this is a Community Driven Ecosystem, if we want the #1CentDream, we need to take correct decisions to achieve our goal!
The idea is to use it as a companion App, place it near you, so you can know with a glance how is Shiba doing, without having to take your phone out!. Best part, you can use an old device, the idea is to use it as long as possible, 24/7 if possible. I’ll be adding more features like set alarms for an objective price in the future. I have a job, so I only can develop the App during my free time.
This is the Google Play Store Link: No need to give permissions of any kind and doesn’t take too much space! Check the images to understand how to use it!. In a nutshell: Open the app, put it near you and let the screen be on all the time possible!
The problem with burning the coins it that it has a big problem: Once the coin value increases, the revenue would not be able to buy as much $SHIB as before.
So I came up with an ecosystem to avoid that! The plan consists in 4 phases:
Note: All prices are in USD $
PHASE 1: THE SHIBAPP BURN
Duration: 1 year. Starting today.
Overview: The App shows an average of 30 ads per hour. Having it 24/7 during a month (31 days) would print a total of 22,320 ads per user every month.
Now. The average price of 1000 printed ads (eCPM) is around $0.75, making a total of: $16.74 per user monthly
If we get at least 150,000 users using the App 24/7 during a month, we will generate a total of: $2,511,000 per month
This money will be splitted in two:
First half will be used to buy USDC and stack it to generate a 10% gain per year. (I was thinking of using Crypto.com for this, but you can post a recommendation for another service as well). Second half will be put into a bank account with a %3~5 interest per year.
With the revenue yielded by the first half, we will be buying Shiba every month. That’s around $10,462.5 worth of Shiba per month.
This process will be repeated with every month payment from the App ads. That means if we get to do it for a whole year, we will be buying $125,550 worth of Shiba per month by October 2022 (or if we got more users/devices then it will be even sooner, remember, you can use more than a device)
Note: I live in Guatemala, so it’s only %5 of taxes for every App Payment, so we get to use almost all the revenue money!
PHASE 2: THE BANK ACCOUNT AND MINING
Duration: 1 year. Starting October 2022 (or sooner).
The revenue yielded by the second half, put into the bank account, will be used to pay and train local programmers into Cryptocurrency. This will allow us to build an iOS App for our Mac users, and extend new functions into the ShibApp Burn App.
If we get to keep using the App for the whole year of the Phase 1, we will have around $30,132,000 at the bank account. In worst case scenario, this yields 3%, around $903,960 per year. This money will be used to invest into Mining Crypto using Geothermal Energy in El Salvador. I was born in El Salvador but I live in Guatemala, I have dual residency, this allows me to invest into mining in my country. I would love to meet Nayib Bukele BTW.
If for some reason we can’t invest there, we will find another green-alternative to mine crypto. You will help decide.
PHASE 3: CRYPTO REVENUE AND THE WALLET
Duration: 1 year
With the revenue from the Crypto Mining of Phase 2, we will pay more developers to take care of the mining set, pay for new hardware upgrades and we will support local shelters for dogs (and maybe other NGO, you ShibArmy suggest).
Finally, we will put the developers to work on a local Wallet for Guatemala, this way, poor people can get some Shibas, make them use it to grow economy (Guatemala exports a lot of fruits/vegetables), and find new ways to help people succeed. And in the future, expand the wallet usage to the rest of countries!
The more people gets Shiba, the more the value of the coin will increase!
PHASE 4 AND BEYOND:
Because people will sell when they reach their objective price, we will be using the revenue to keep buying the dip, and help the rest of the ShibArmy reach their goals. In this case, duration of Phase 4 will be until we reach $0.01 (#1CentDream). But we won’t stop there, we will keep helping NGO, shelters, orphanages, etc. The revenue from staking will help us keep the humatiray help ongoing! the idea is that everyone wins here. I know how hard is having a 9-5 job, I know how bad life can be when you don’t have enough money. That’s why instead of burning the coins, I prefer to lock them, stack them and generate wealth for us all!
THE HARD PART
I don’t want to be anonymous, I want people to know who I am, but that means ending with my privacy. I was thinking of using my personal Twitter to update how are the phases going, create polls for new features on the app, polls to make decisions about the path to take, choosing NGO, etc. Do you think is a good idea for me to become public? I don’t really have a problem with that.
[EDIT] I went public 🙂
This is going to take at least, a 3 year span to complete the phases. We need to hold as long as we can!
There are more things in my head, more phases, but I think this is the initial plan, and as a community, we can make great things together!
Remember, WE ALL MUST WIN! It doesn’t matter what is your objective. Buying a house, a car, a lambo, helping your family, college for your kids. WE MUST ALL WIN, AND WE CAN DO IT AS A COMMUNITY! THAT’S WHAT WE ARE! TOGETHER WE ARE STRONGER AND I BELIEVE THAT! and IN YOU!
I’ll be reading your comments!