Shikoku Inu Whitepaper Summary
Speculation on the future price action of various assets is a large and rather unavoidable part of cryptocurrency as a whole, whether the assets themselves hold intrinsic value or not at the time of speculation. At its’ fundamental core, Shikoku Inu is a decentralized experiment starting out on the Ethereum blockchain, that will leverage this for the potential benefit of users who create future utilities for it. We cover the key tenets of the experiment, as well as the areas in which a decentralized ecosystem may blossom, assuming community adoption and virality. Additionally, we propose a novel concept for community retention and engagement. That is, the publishing of the private key of the developer account for all to see and use, to harbour a truly decentralized community. Shikoku Inu has no permanent allotted owner, instead, it is owned by all that wish to own it. The goal of this short non-technical whitepaper is to enlighten those who wish to understand the experiment, as well as become acquainted with its’ aims and future goals. This initial version of the whitepaper will not be technical in nature, to allow for those unfamiliar with the space to grasp the concepts behind Shikoku Inu clearly.
Introduction
Cryptocurrency was created to be decentralized (Nakamoto, 2008). However, at the time of writing, multiple events regarding the collapse of several large centralized institutions has left many investors destitute, as they considered them safe havens for their assets, only to find that to be false, and the funds they have worked tirelessly to obtain, often over long periods of time, to be lost with little chance of restitution. (Conlon, Corbet, & Hu, 2022) Shikoku Inu plans to assist the common investor with knowledge on how to safely custody their assets in an interesting and engaging way, while allowing them to be part of a decentralized and vibrant community of those with similar goals. Shikoku Inu, while beginning as an experiment, plans to grow into a decentralized ecosystem, where the value will be provided by the community, for the community, and for those outside the community who are looking to learn more about decentralization and cryptocurrency as a whole.
There has been a considerable shift in the sentiment for self-custody after these events, which we consider to be necessary and important for crypto in its’ ideal form to flourish. However, we note that for the average investor, self-custody and utilizing DEXes and other Dapps may be intimidating at first. Shikoku Inu aims to bridge the gap for these average investors, not only via educational tools, but by an everexpanding ecosystem, that grows alongside the community. We note that for success in this area, Shikoku Inu will not only need a determined, decentralized governance system, it will also need the backing of a strong faction of those backing it. Hence Shikoku Inu was born in its’ initial state. Shikoku Inu resides on the Ethereum blockchain, at 0x24da31e7bb182cb2cabfef1d88db19c2ae1f5572.
The most simplistic ERC-20 contract was used, ensuring stability in trades without outliers and efficiency in gas processing for those who wish to trade it. Ethereum was chosen as the blockchain of choice, due to its’ decentralized nature. 2 This was the most logical choice at the time, however, for adoption sake, Shikoku Inu will also branch out to list on centralized exchanges, for the goal of reaching a larger userbase and informing them of our community. Although Shikoku Inu begins as a decentralized experiment, coupled with what can most succinctly be referred to as a meme coin, its’ goals are far-reaching, assuming the necessary community adoption and rally takes place.
If a user wishes to participate in Shikoku Inu and its’ community, it is advised that an individual holds the Shikoku Inu token, as it will be used as the primary token to power all areas of the Shikoku Inu Decentralized Ecosystem – SIDE, as will be covered in Section 5. However, if for any reason an individual wishes to participate in the community outside of the SIDE, they are welcome to do so. The token is simply a cog in the much larger wheel of mass adoption, education, and change that we plan to bring, via Shikoku Inu.
As a novel concept for community retention and engagement, we propose the publishing of the private key of the developer account for every member of the Shikoku Inu community. This will be further covered in Section 3, alongside with the rationale used, and the possible outcomes that may arise. Please note that this is not necessarily conclusive or exhaustive, as there may be outcomes that we have not considered at the moment of writing. We will also briefly touch on the ethos of the Shikoku Inu community, as well as the charity efforts and goals we will look to achieve in the future. No exact time-frame will be given, as we cannot predict how quickly Shikoku Inu will catch interest, however, these will be pursued in the ways laid down in this paper.
As a closing remark for the introduction, we would like to issue a word of caution towards potential investors. Especially during times of uncertainty, investments, and especially investments in cryptocurrency are especially volatile, there have been many cases of users losing large amounts of their personal funds by investing funds they were not ready to part with at unfavourable times. No part of this whitepaper is to be seen as financial or investment advice, or a suggestion to invest in Shikoku Inu or the SIDE. This is purely an informational whitepaper on what it constitutes. Please consult a financial advisor if required
Shikoku Inu Whitepaper