Contribution to Meme Culture

The Shenlong team recognizes the challenges faced by many meme coins, often leading to scams or pump-and-dump schemes. In stark contrast, Shenlong aims to establish itself through longevity and sustainability, drawing inspiration from the enduring spirit of the dragon in Chinese culture. This approach is not just about creating another meme coin; it's about building a reliable and stable token that can withstand the test of time.

Avascriptions

Furthermore, the Shenlong meme has garnered significant interest among Chinese crypto investors, as seen in the increased inscriptions of Shenlong on Avascriptions. This trend underscores the high demand and cultural resonance of the Shenlong meme within the crypto community. By aligning itself with a symbol of strength and stability, Shenlong differentiates itself in the meme coin market, aiming to be a token that's not just popular for its humor, but also respected for its reliability and cultural significance.

Aspiring to be a Role Model in the Crypto World

Shenlong is set to take a unique stance in the meme token market. Our ambition is not just to launch another meme coin but to set a new standard for how meme projects should operate. We envision Shenlong to be a role model for future meme tokens, influencing the way they approach everything from token contracts to community management.

Exemplary Token Contract and Launch Quality

The Shenlong token is designed to demonstrate the best practices in token contract creation and execution. Our focus is on ensuring a smooth, transparent, and user-friendly launch that sets a benchmark in the crypto community.

Community Management and Engagement

We believe that the heart of any successful meme token is its community. Therefore, we're committed to exemplary community management, fostering a supportive and engaged user base. This approach is aimed at building long-lasting relationships and trust within the Shenlong community.

Fair Token Distribution

Fairness in token distribution is crucial for the credibility and longevity of meme tokens. Shenlong is dedicated to ensuring a just and equitable distribution process, making it accessible and fair for all participants.

By adhering to these principles, Shenlong aims to impact the meme token market positively. We're not just creating a token; we're setting up a blueprint for future meme tokens to emulate. Our goal is to be recognized as one of the best-managed meme coins in the crypto world, marked by integrity, fairness, and a strong community focus.

Through these efforts, Shenlong aspires to contribute significantly to the meme community, offering a reliable and reputable model that others can follow. We aim to elevate the standards of meme tokens, demonstrating that they can be both fun and well-managed, creating a positive and sustainable impact in the cryptocurrency landscape.

Max Supply and Distribution Strategy

Shenlong's tokenomics are crafted with a strategic approach to ensure fairness and sustainability in the market. The Shenlong Meme Token ($SHEN) has a maximum supply of 1 trillion tokens. Here's how the distribution and allocation are planned:

• Liquidity Pool on Trader Joe: All tokens will be added to a liquidity pool on Trader Joe, accompanied by an initial investment of 100 AVAX. This step is crucial for providing liquidity and stability for the token from the outset.
• Development and Treasury Wallets: The Shenlong team will allocate additional funds to the development and treasury wallets. These wallets will participate in buying from the liquidity pool at launch, ensuring an adequate supply for project development and operational expenses.
• Use of Treasury Funds: The funds in the treasury are earmarked for critical project expenses, such as updates to DeFi tools, listings, design work, and marketing activities. This budgeting is essential to support the ongoing development and growth of the Shenlong project

Incentives for Holders and Unique Launch Concept

Shenlong's approach to tokenomics includes incentives for holders, primarily through the potential appreciation of the token's value as its popularity grows. Here are key aspects of this approach:

• No Transaction Taxes: Shenlong stands out by having no taxes on transactions, making it more appealing for trading and holding.
• Fair Distribution and Market Stability: The project introduces a unique launch concept aimed at minimizing the impact of sniper bots and large whale purchases. This strategy is expected to lead to fairer token distribution, reduced price volatility, and a more sustainable growth in market cap.

The focus of Shenlong's tokenomics is to create a stable and fair environment for all participants. By ensuring a balanced distribution and providing a clear plan for the use of treasury funds, Shenlong aims to build confidence among its holders. The unique launch approach further underscores the project's commitment to fairness and long-term sustainability in the market. This strategic financial structure positions Shenlong to be a promising player in the meme token space, offering both stability and growth potential to its community.

This section presents our token lock strategy alongside our core approach of project-owned liquidity. By balancing short, mid, and long-term token locks, we aim to foster investor confidence and ensure project sustainability. 100% of the LP tokens will be locked at launch day. The token lock allocation will be modified as needed over time, as the project grows and its needs change.

Project-Owned Liquidity

• Initial Treasury Ownership: The project's treasury owns the initial liquidity, aligning our goals directly with the project's success.
• Growth with Popularity: As trading volume and token holder numbers increase, so too will the project treasury, creating a positive feedback loop for growth.
• Growth with Popularity: As trading volume and token holder numbers increase, so too will the project treasury, creating a positive feedback loop for growth.

Token Lock Allocation

• Short-Term Lock (1 Week): 10% for immediate liquidity.
• Mid-Term Lock (1 Month): 40% for market adaptability.
• Long-Term Lock (3 Months): 50% to show long-term commitment.

Token Lock Strategy with Specific Platforms

Short-Term and Mid-Term Locks with OnlyMoons:

• For the 1-week and 1-month lock periods, we will utilize OnlyMoons. This platform is selected for its flexibility and suitability for shorter-term token locks.
• Proof of lock on Onlymoons (Select Avalanche network): https://onlymoons.com/lock/0x4f58B6C34ecf10E2569662fdCB004f057A9Ff528

Long-Term Locks with UNCX Network:

• For the 3-month lock, we will leverage the UNCX Network. This choice is due to UNCX's robust security features and its reputation for long-term token locks.
• Proof of lock on UNCX: https://app.uncx.network/amm/traderjoe-v1/pair/0x618D072008ECceddAc6031C7953E6d28C544c64C

This approach aligns with our project-owned liquidity model, reinforcing our commitment to sustainable growth and community trust. The choice of different platforms for varying lock durations ensures both operational flexibility and long-term security.

Usage of Unlocked Tokens

• Operational Expenses: A portion will fund ongoing project development.
• Community Incentives: Includes rewards, airdrops, and other community engagement activities.
• Collaborations: Strategically allocated within the Avalanche ecosystem to support other projects

Feedback and Adjustments

• We will actively seek and incorporate community feedback, ready to adjust lock periods if beneficial.
• Transparent reporting on the use of unlocked tokens, ensuring accountability.

Commitment to Transparency

• Regular updates on token status and decisions regarding relocks will be communicated through multiple channels.
• We prioritize clear, consistent information sharing to build and maintain trust within our community.

This strategy integrates our liquidity model with the token lock approach, underscoring our commitment to both project sustainability and community engagement.

DEX Strategy at Launch

Initial Launch on Trader Joe v1: We will launch our liquidity pool on Trader Joe v1, leveraging its established user base and features.

Phased Introduction of New Pools

• Trader Joe v2.1 Concentrated Liquidity Pool: Next, we'll introduce a pool in Trader Joe v2.1 to take advantage of concentrated liquidity, enhancing efficiency.
• Expansion to Other Avalanche DEXes: Plans include extending to other DEXes like Pharaoh, supporting new projects and diversifying our presence within the Avalanche ecosystem.

Introduction of New Liquidity Pairs

Short-Term and Mid-Term Locks with OnlyMoons:

• Diversification with Pairs like SHEN/USDC, SHEN/BTC.B: This strategy aims to increase SHEN’s trading volume and accessibility.
• Future Collaborations within the Meme Coin Community: We intend to collaborate with other memecoin projects, introducing innovative trading pairs to bolster the Avalanche memecoin ecosystem and create a dynamic trading environment.

This strategy is designed to ensure sustained volume and growth for the $SHEN coin, supporting the broader Avalanche memecoin ecosystem.

Community Participation in Liquidity Provision

• $SHEN holders are encouraged to contribute to liquidity pools. This not only supports the project but also allows them to benefit from the project's growth.
• As trading volume increases, so do the trading fees generated from the liquidity pools, offering an additional incentive for $SHEN holders who participate in liquidity provision.

$SHEN holders interested in liquidity providing should be aware of impermanent loss, a situation where the value of deposited assets changes from the time they are added to a pool, potentially leading to a reduced dollar value upon withdrawal. For an in-depth understanding of this concept, refer to Binance Academy's article on impermanent loss