Shibnobi Token Review : Legit or Scam?

Shibnobi is perhaps the hottest meme coin right now. It was my YouTuber friend who notified me of the coin. I quickly schemed through and found it interesting.  If you don’t know about Shibnobi, you better pay attention to this review. One thing I like about the token is the absence of the overused ‘Inu’. From the bottom of my heart, I’m tired of coins that somehow choose to add that to their names.

If you are looking at Shinobi, maybe you don’t even know what it is. This review was made with you in mind. I have done the checks. All you need to do is to pay attention.

You first need to know that

“I’m not a banker or financial expert. I will not be held responsible for your financial decisions. This article is just for educational purposes, consider it a form of entertainment. I’m not here to promote or disparage any coin. I consider my analysis to be objective. You are always encouraged to do your research whether you agree with me or not”.

With that out of the way, let’s get started

When I am looking at relatively unfamiliar tokens, to confirm their actual nature (Legit or Scam), the below are the things I look out for.

Website

White paper

Market Capitalization

Liquidity Pool

Developers behind the project

What people are saying about the

(If you are a frequent visitor of this website, you should know this by now. For context 80% of my readership are new readers, that’s why I have to repeat myself most times)

Website

Shibnobi’s website is a 6/10 website. I like the ninja theme. In fact, for those who don’t know, another word for ninja is Shinobi (a covert agent or mercenary in feudal Japan). So, ‘Shibnobi’ is a corruption of Shinobi (which is a name of a different token that exists on the binance blockchain. The ticker is $Chakra). Shibnobi’s website is SSL secure which gives you the confidence to continue browsing. The description begins with a story that does a good job drawing readers in. 

You can tell Shinobi’s team are not talkers, because the website description is one of the shortest I have seen. They rather show figures and proves. The website went straight to tokenomics after the ‘introductory story’. We found out that

Shibnobi is a contract with self-feeding LP and marketing allowance with in-built reflections directly to its holders

What does the above quote mean? Here’s the answer.

By the contract being reflection-based, they mean, investors or holders of shibnobi are entitled to receiving a 3% of the 13% tax on transactions in the Shibnobi ecosystem. Which makes holding Shibnobi attractive. The contract also makes sure the liquidity pool is in a healthy state as 5% is earmarked to the liquidity pool. While the remaining 5% goes to the marketing wallet.  The total supply of Shibnobi is 69 trillion.


This review saved our readers millions of dollars.


A list of links and documents asserting Shibnobi’s legitimacy was attached. These are;  the white paper, Techrate audit, and kycastle compliant. There is however an issue with the techrate report. Currently, Shibnobi’s techrate report is not listed on techrate’s website. This throws doubts about the genuineness of the report on Shibnobi’s website. Going through the techrate report (which has become a contentious issue), you’d find out the owner of the contract has an obscene level of control, which I have learnt is expected. Read the owner’s privileges part of the contract to understand what I mean.

Aside from this issue, the developers came with a lot of proof, I think. But they can make it even better if they get Certik audited.

Shibnobi also made available a link that takes you straight to the page that has the contract details of the liquidity lock. Where we confirmed that Shibnobi liquidity pool is locked for a year, on Uniswap. So, investors don’t have to worry about getting rugged. This is thoughtful of them.

Whitepaper

Shibnobi’s white paper is a 7-page pdf. It properly begins with an overview. According to page 3 of the white paper.

SHIBNOBI is a token that generates passive income on the Ethereum, Binance Smart Chain, and Polygon Networks. Its primary use case is to develop an easy-to-use token swap across all 3 chains. This is being created by a Based Team and Doxed Devs.

Lots of things were said on its ICO (Initial Coin Offering). But I’m not going to dwell on that, because that’s in the past.

They went on to tell us more about the token.

SHIBNOBI is not just another meme token, it is something fun but with utility. SHIBNOBI will be launched on multiple chains. First launching on the Ethereum Network, Binance blockchain, and Polygon blockchain comes later.”

To prove that the developers at SHIBNOBI are serious about what we are developing. Ethereum brings stability to the brand and products. This is why we are launching on ETH First because we are in it for the long haul”

Market Capitalization and Liquidity Pool

I was not able to get the market cap of Shibnobi. This is understandable. The token is not up to 7 days old on different crypto apps. The liquidity pool has been confirmed locked for a year on Uniswap.

Developers of Shibnobi

Two out of 3 Developers of Shibnobi are doxxed. Who appears to be the main man, is Cliff Fettner. I did a quick google search and his LinkedIn profile. His profile looks legit too, with 500 connections. You can see him here saying he is excited about the launch.

Source: Shibnobi’s Twitter account

The ‘designer’ is Andre Santos. The guy reminds me of an ex arsenal left-back (footballer). Here is a picture

The marketing guy prefers to keep his/her anonymity.

What investors are saying about Shibnobi

On Reddit, there is a general optimism about the token. Many people believe the token is real and will make their insane profits. While a few have doubts.

On Twitter, there’s doubt in investors’ minds. Which is understandable knowing that this token is still very green.  However, some investors are willing to gamble a few bucks, just to test the waters first.

Conclusion

This token is 90% legit. The utility feature they are yet to launch is not overly ambitious, in my opinion. This isn’t necessarily a bad thing.  I’m wary of tokens that promise the world, they hardly deliver. (Most of ) The developers are doxxed. If anything goes wrong, investors know Cliff is the guy to hold responsible. The thing I find off-putting is the fact that ownership isn’t going to be renounced, it being a community-driven token demands this. Also, the ICO wasn’t a fair launch. And the fact that the roadmap on whitepaper is not in sync with the roadmap on the website is not a good look.

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10 Comments

  1. I checked out the Techrate site and there isn’t a listing for Shibnobi. Also, the Techrate pdf on thier site is inconsistent with Techrate reports.

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