With daily trading volume often exceeding a billion dollars, SHIB’s GDP calculation calls into question its categorization as a simple coin, as Shytoshi Kusama, the elusive visionary behind the Shiba Inu ecosystem, has explored its potential as a future digital nation-state during his recent podcast. , inviting us to question the very nature of digital communities and their economic influence.
Shiba Inu GDP: a new perspective
This week, Kusama explored the concept of the nation state by discussing Shiba Inu. According to Kusama, “When a country calculates its GDP, there are different ways to calculate it. But overall, it’s a way to see, roughly, how successful your country is.
He further explained how he calculated SHIB’s GDP, saying: “For GDP, it is calculated as all of transactional funds this happened within a currency that rules a nation. Using this method, the team estimated that SHIB’s GDP is approximately $365 billion per year, based on a daily trading volume of $1 billion.
This calculation offered a new perspective on the impact of SHIB in the digital financial world. This also positioned it to compete with traditional economic structures.
Shiba Inu: a crypto community, not just a meme
Kusama clarified that most meme coins or projects cannot calculate their GDP because they do not have a defined citizenship system. “And just for the record,” he said, “all you other memes, time out, bro, you can’t calculate GDP because you don’t have a citizenship system.”
He then explained that even though they identified as “a meme,” Shiba Inu’s efforts to create a citizenship system set them apart from others. other projects. This distinction, according to Kusama, is necessary to consider SHIB as more than just a token.
GDP per capita: number one
In a surprising revelation, Kusama explained that based on current data, SHIB already ranks first in terms of GDP per capita, even though it has not implemented a formal citizenship system. “We believe we are ranked…Number one. Number one. Number one, by far. From afar. From afar. he underlines.
Kusama’s assertion highlighted Shiba Inu’s potential as a highly productive financial entity. Although this calculation is based on estimates, it demonstrates the potential power of the ecosystem.
From Meme Coin to the future nation-state?
Kusama concluded that the idea of the Shiba Inu as a nation-state was “not a joke” but rather “the future of technology.” This view suggested that Kusama viewed Shiba Inu as more than just a digital currency or coin.
With the launch of Shib Paper As the foundation of the project, Shiba Inu hoped to be seen as a sovereign, self-governing community. SHIB transactional volume, sovereignty of the crypto community.
Questioning the Meme Coin label
By focusing on creating a governance system and taking a unique approach to calculating its GDP, Shiba Inu is redefining what it means to be a cryptocurrency. While others might view this vision as mere speculation, the ecosystem strives to defy expectations and build a unique community with global influence.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media outlet and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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