Gate.io AMA with Sharbi-A Community-owned, Multichain Cryptocurrency Built on Arbitrum & ETH

2023-05-11, 04:35

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/16837792931.png)
**<font size=4>Time: May 9th, 2023, 13:30 UTC
[Gate.io](https://www.gate.io "Gate.io") hosted an AMA (Ask-Me-Anything) session with Crypto （Uncle） Nut and $THE Crypto Hero,community members at Sharbi in the [Twitter Space](https://twitter.com/i/spaces/1YqKDoBzbjLxV "Twitter Space")
Official Website: https://sharbi.net/
Twitter: https://twitter.com/SharbiToken
Follow Sharbi on [Youtube](https://www.youtube.com/@SharbiVibes "Youtube") and [Telegram](https://t.me/SharbiPortal "Telegram")
</font>**
**Guests**
![](https://gimg2.gateimg.com/image/article/16837796732.png)
**Crypto (Uncle) Nut — Community member**
![](https://gimg2.gateimg.com/image/article/16837796853.png)
**$THE Crypto Hero — Community member**
## Q&A from Gate.io
### Q1: We noticed that SHARBI is a MEME 2.0 token. What exactly does that mean?
SHARBI is the latest generation of MEMES.  MEME 2.0 means Paid-2-HOLD (P2H).  Paid-2-Hold (P2H) is a massive upgrade from just your basic MEME token, which has no utility.

Both terms:  MEME 2.0 & P2H were authored by SHARBI.  We see it as the future of MEMES.  Getting paid to hold. It drives our community to work hard for the project.
![](https://gimg2.gateimg.com/image/article/16837797044.png)
Simply put, SHARBI’S unique contract pays our holders daily in USDC.

### Q2: How does the Paid-2-Hold (P2H) work?
The contract has a 5% transaction fee on buys and sells.  Of that transaction fee, 4% of the 5% gets distributed to our holders of record on the blockchain.   The other 1% goes to our growing LP.

The rewards for SHARBI on ETH are automatically paid into your wallet.  For Arbitrum, you simply claim from our DAPP.

### Q3: The project is around 3 months old, how much liquidity do you have and how long is it locked for?
We have over $1 million in liquidity and growing every month.  The best part is liquidity is locked for a whopping 10-years.  Investors are in safe hands with Sharbi.

Not many projects can boast the liquidity numbers we have achieved and the safety of 10-years liquidity.   Don’t be surprised in the future for us to change the 10-years to 1000 years.

### Q4: Can you tell us more about Smart Contract & Sharbi Tokenomics?
The contract is fully renounced.  That means that no changes can be made to the contract.  And assuring investors that what you see is what you get.  4% Daily rewards,  LP is protected with a 1% tax.

The project was a fair launch project.  Meaning all the tokens were fully distributed, with no tokens being held back for devs, team, marketing.  That is huge as it means that there is no one to dump on you.

As a fair launch, we also had no pre-sale so there were no mega whales, VC’s etc.  Essentially no one to dump on you.

Our tokenomics are the most decentralized out of any MEME project.  If you check Arbiscan or Etherscan, you will see there are no wallets holding a big % of our project.  Once again, this is great to protect the project.

In fact, the whales of our project and via collaborations with high-quality projects such as Crypto Alien Babes (CABS) has allowed SHARBI to finance all marketing efforts.  This is important and shows that you don’t need marketing wallets and team wallets which retard a project.

We are building out an ecosystem that is based on our solid tokenomics.  We already have built our SHARBI DEX swap, the P2P reward system, a meme studio, music production and much more.

As you can see, we have achieved so much from a 3-month old project.

### Q5: I see that you will be launching on Shibarium once it launches.  What does that mean for SHARBI?
This means massive distribution to a large market and growth in our community.  It will also mean potentially huge upside for our Market Cap.  Shibarium has been 2-years in the making.  It is from a blue-chip community and is the most important part in their eco-system.

The testnet (Puppy Net) has demonstrated their goals for improving DeFi and crypto overall.  With a community of many million crypto investors, and one of the leading MEMES (Shib), it is going to be our final chain we launch on.

We believe that the Shibarium launch, the addition of further CEX’s & the utility we are continually adding such as the Multi-Chain Bridge, has the potential to turn us into a $200 million + Market Cap by the end of the year.

Next year we target to become a billion dollar project.

<div class="blog-details-info">
<div>Author:** Rio Fu.**, Gate.io Community
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

Credit Ranking

Complete Gate Post tasks to upgrade your rank