Referral System

To further increase the growth capacity of our product, we have implemented an innovative and sustainable referral system. The system is completely anonymous and on-chain, we don't store any data. The process is easy and ensures fairness and allows anyone to get a share of the transaction fees regardless of their holdings, letting the token grow in the number of holders. Every time an existing investor refers someone, they will earn staking points. Each point will take a portion of the rewards pool that will be continually replenished with a 1% commission applied to all transactions of the token. The larger the referred investor's transaction the more staking points will be given to the referrer. To refer someone you simply need to send an amount higher than 1 to a friend's wallet. To be eligible, the referred must "write" the referral address in the token contract. This can be done from our dashboard or directly from our contract page on BscScan. After the transaction is signed, the wallet is able to buy with 0% commission and the referred will be credited staking points. Holders with staking points will receive automatically a share of the 1% of all commissions from the transaction. For example, let's say there are 4 staking points distributed and the token contract accumulates 1'000 tokens. Those tokens are then divided by 4 and automatically sent in batches of 1'000 tokens to the wallets holding those points. At any time, if one of the referenced addresses sells all of its tokens (or the balance drops below a certain threshold) the referrer will lose points which will be burned. This is how we make sure we have a large and growing investor base. Tl,dr: Once a successful transfer occurs from a wallet that holds $MSHIB to a wallet that has never held it, two internal mappings are updated: the boolean 'referred' becomes true and the 'referrer' address is updated. As soon as the referred address will write the referrer address for confirmation the subsequent buys will make the referrer earn staking points and the referred buy with 0% fees.

If the referred wallet balance falls below a certain threshold or if the referrer sells all of its tokens, the referred wallet will no longer get the purchase discount and the referrer will lose all its staking points.

The referral reward

1% of the amount transferred from the router to the purchase wallet is redirected to the token contract that will securely store those assets. No one will be able to withdraw those tokens except the contract itself which will distribute those tokens when they reach a certain amount. These tokens are not minted, so the supply will not increase to distribute the rewards.

Closing Loopholes

In order to refer a friend and benefit from each other, the referee must send to the friend's wallet some tokens, amount greater than 1. The referred wallet now has to register its friend's wallet to the blockchain closing the loop and validating the relationship between these two accounts.

The referred account will now be exempt from purchase fees and the referrer will start earning some commission from the transaction fees respectively to the number of staking points the friends earned him.

This way, there is no possibility of someone who could iteratively refer someone else, intending to make a higher portion of the transaction fees. Instead, the referred buyer could buy 1 token, then transfer that token to another of their wallets. On that second wallet, they could then whitelist the referred wallet and fill it up with staking points by buying more tokens. Even if this can still happen, in line with the privacy and permissionless criteria of the blockchain, however, this will only have the effect of diluting the shared rewards from the transaction fees and increase the number of holders. So it has succeeded in what it was intended for. To encourage high conviction purchases, a possessor needs to hold 0.01% of the supply at the time of the referee's purchase to get referral rewards, and the referred address needs to purchase more than 0.01% of the supply to allow the referrer to earn some participation points.

As the price of $MSHIB increases, the percentage requirement will favor whales over small investors, but the referral system is meant to be sustainable, so it needs to decay with time and "halve" as in the BitCoin algorithm with time. If a wallet does not hold the required supply when its referee buys, the referee will have no commission discount and no stakes points will be credited.