What is ShibaBitcoin (SBBTC)?

TLDR
ShibaBitcoin (SBBTC) is a BEP-20 token on Binance Smart Chain designed for everyday crypto payments, remittances, and Web3 integrations, prioritizing real-world utility over speculation.

1. Focused on spendability – Enables payments, remittances, and NFT/gaming transactions.
2. Centralization risks – Top 10 holders control 89% of supply.
3. Volatile micro-cap – $20M market cap with extreme price swings (e.g., +106% in 24h).

Deep Dive

1. Purpose & value proposition

SBBTC aims to bridge crypto and real-world commerce by focusing on spendability:
- Payments: Accepted at partnered merchants for goods/services (ShibaBitcoin).
- Remittances: Low-fee cross-border transfers vs. traditional services.
- Web3 integration: Supports NFT purchases, gaming microtransactions, and the upcoming JadeNex app for crypto-to-fiat swaps (Medium).

2. Technology & architecture

• BEP-20 token: Built on Binance Smart Chain for fast, low-cost transactions.
• Exchange accessibility: Listed on Weex, XT.com, and Toobit, though liquidity is limited (24h volume: $3.37M).

3. Tokenomics & risks

• Supply imbalance: Total supply is 1B tokens, but only 116,583 (0.01%) circulate, creating inflationary risks if unlocked.
• Holder concentration: Top 10 wallets hold 89.24% of supply, raising centralization concerns (CoinMarketCap).
• Volatility: 24h price swings exceed 100%, typical of micro-cap tokens.

Conclusion

SBBTC’s payment-focused design and Web3 integrations offer niche utility, but extreme supply centralization and volatility demand caution. How might JadeNex’s launch impact SBBTC’s adoption and liquidity stability?