What is Turk Shiba ($TUSHI)?
Turk Shiba is a meme-based cryptocurrency on Ethereum that seeks to bring people closer together and create an exciting online economy which will run by TUSHI's community. Enabling secure and anonymous transactions, Truk Shiba increases user privacy and allows the user to transact with anyone in the world quickly, securely, and at extremely low transaction fees.
The TUSHI token has a deflationary economic model, which means that the total supply of tokens is fixed and some tokens are removed from circulation over time, leading to a reduction in the overall supply. The total supply of TUSHI tokens is 990,000,000,000 coins, and there will be no more tokens created in the future. At the start of the TUSHI token, 60% of the total supply, which is equivalent to 594,000,000,000 tokens, were burned. This means that those tokens were sent to a non-recoverable wallet address, effectively removing them from circulation and reducing the overall supply. The remaining 40% of the tokens, which is equivalent to 396,000,000,000 tokens, were pooled into Uniswap V2 Liquidity Pool. This liquidity pool provides a way for traders to buy and sell TUSHI tokens on the Uniswap decentralized exchange. Overall, the deflationary economic model of the TUSHI token aims to create scarcity and value for the tokens over time, while also providing liquidity for traders on decentralized exchanges.