Smart Contract Security

SHIM Token Smart Contract Analysis

BEP-20 Compliance

The SHIM token is built on the BEP-20 standard, which is a token standard on the Binance Smart Chain (BSC). This compliance ensures that the SHIM token is compatible with a wide range of wallets, exchanges, and decentralized applications (dApps) within the BSC ecosystem.

Adhering to the BEP-20 standard offers several advantages. It facilitates seamless integration with the existing infrastructure on BSC, allowing for easy transfer of SHIM tokens, interoperability with other BEP-20 tokens, and utilization within BSC-based DeFi protocols. This standardization is crucial for ensuring a smooth and user-friendly experience within the ShimaNest ecosystem.

By leveraging the BEP-20 standard, ShimaNest benefits from the speed, cost-effectiveness, and scalability of the Binance Smart Chain. This robust foundation contributes to the security and reliability of SHIM token transactions.

Adjustable Tax (Max 5%)

The SHIM token smart contract incorporates a taxation system that applies a small fee to buy and sell transactions. This tax is designed to support the long-term sustainability and development of the ShimaNest ecosystem.

The tax rate is adjustable, but it is capped at a maximum of 5%. This flexibility allows the ShimaNest team (or potentially the community through governance mechanisms) to adapt the tax rate to the evolving needs of the ecosystem. For example, the tax rate might be adjusted to allocate more funds to marketing during a growth phase or to liquidity provision during a period of market volatility.

It's important to note that the adjustable tax is implemented within the smart contract itself, ensuring transparency and preventing arbitrary changes. The current tax rate and any adjustments are publicly verifiable on the blockchain.

Auto Liquidity Lock (99 Years)

To enhance the stability and security of the SHIM token, the smart contract includes an automatic liquidity locking mechanism. This feature locks a portion of the tokens raised during the initial phases (e.g., presale) and a portion of the tokens generated from transaction taxes into a liquidity pool on a decentralized exchange (DEX).

The liquidity is locked for an extended period of 99 years. This exceptionally long lock-up period significantly reduces the risk of a "rug pull," where developers suddenly withdraw liquidity, causing the token's price to crash. This long-term commitment to liquidity provides a high level of assurance to investors and participants in the ShimaNest ecosystem.

The automatic nature of the liquidity lock, enforced by the smart contract, eliminates the need for manual intervention and ensures that the liquidity remains secure and accessible for trading over the long term.

Trading Post Presale

To ensure a fair and organized launch of the SHIM token, trading may be restricted until after the presale period has concluded. This approach aims to minimize price volatility during the initial distribution phase and allows for a more controlled distribution of tokens to early investors.

By temporarily restricting trading, the ShimaNest team can focus on the successful completion of the presale and ensure that all participants have an equal opportunity to acquire tokens. This also helps to prevent price manipulation and excessive speculation in the early stages.

Once the presale is complete, trading is enabled on decentralized exchanges (DEXs), allowing for open market activity and price discovery. This approach promotes a more stable and sustainable launch of the SHIM token.

Anti-Whale Mechanisms

To promote a more equitable distribution of SHIM tokens and prevent market manipulation by large holders ("whales"), the smart contract incorporates several anti-whale mechanisms. These mechanisms aim to limit the influence of large transactions and holdings, fostering a more balanced and decentralized ecosystem.

• Max Buy Limit

  The smart contract may impose a limit on the maximum amount of SHIM tokens that can be purchased in a single transaction. This limitation prevents whales from making massive buy orders that could artificially inflate the price and create volatility.

• Max Sell Limit

  Similarly, the smart contract may restrict the maximum amount of SHIM tokens that can be sold in a single transaction. This prevents whales from executing large sell orders that could cause a sudden price drop.

• Max Wallet Holding

  The smart contract may also limit the maximum amount of SHIM tokens that a single wallet address can hold. This limitation discourages the accumulation of excessively large holdings by individual entities, further promoting a more decentralized distribution of tokens.

These anti-whale mechanisms work together to create a fairer and more stable trading environment for all participants in the ShimaNest ecosystem.