{"id":"shib-original-vision","version":1,"language":"en","title":"Shib Original Vision","hidden":false,"content":"**Shib Original Vision** (SOV) is a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) initiative associated with the [Shiba Inu](https://iq.wiki/wiki/shiba-inu) token. The project introduces a narrative-style description, referred to as the \"Shib Original Vision,\" which articulates its core principles and goals. This vision is presented as a storyline that highlights the project's mission to address perceived imbalances in the cryptocurrency space and to create a community-driven and equitable financial ecosystem.[\\[1\\]](#cite-id-p1xgbbk3spf)  \n  \n# Overview  \n  \nLaunched on March 28, 2023, Shib Original Vision was introduced by Karma DAO with the aim of restoring the [Shiba Inu](https://iq.wiki/wiki/shiba-inu) community's original values through a decentralized governance. At the core of this effort is the \"Inu Economic Forum,\" a 50+ member group entrusted with making key decisions for SOV. [\\[4\\]](#cite-id-8gb9fb5jsif)[\\[5\\]](#cite-id-2u01rpg2oqd)[\\[6\\]](#cite-id-la5gtyft97a)  \n  \nThe storyline behind the Shib Original Vision emphasizes the project's inception as an endeavor to establish a coin that focuses on inclusivity, decentralization, and empowerment of individuals regardless of their financial background. The central theme revolves around the divergence of the [Shiba Inu](https://iq.wiki/wiki/shiba-inu) token ($SHIB) from its intended purpose and its transformation into a speculative asset. The narrative introduces key figures such as \"[Ryoshi](https://iq.wiki/wiki/ryoshi-founder)\" and \"The Dogfather,\" symbolizing the leadership and contributions associated with the Shiba Inu project. [\\[1\\]](#cite-id-p1xgbbk3spf)  \n  \n### $$widget0 [YOUTUBE@VID](jcSZ_FrmgWI)$$  \n  \n# History  \n  \nOn April 18, 2023, MetaTrust completed token smart contract audit for $SOV, ensuring security and reliability. [\\[7\\]](#cite-id-cajj2m5pk0u)  \n  \nOn April 20, 2023, they implemented a burn bot that has been actively burning $SOV tokens 6 different times everyday, making their $SOV token deflationary. [\\[8\\]](#cite-id-un50972hju)  \n  \nOn April 27, 2023, $SOV was listed on [Poloniex](https://iq.wiki/wiki/poloniex) Exchange as $SHIBSOV as their symbol on the exchange. [\\[9\\]](#cite-id-oynd2lq22ok)  \n  \nOn May 9, 2023, capitalizing on Shib's momentum ahead of the Shibarium launch, $SOV introduced a bonding feature through [Bond Protocol](https://iq.wiki/wiki/bond-protocol), allowing users to trade $SHIB for discounted $SOV (approximately -40% off spot price). The $SHIB received is then used to buy back $SOV, creating a cycle that benefits both discounted SOV holders and the token's overall value. $SOV holdings are vested for six months, encouraging long-term commitment from users. Bonding also expands the number of $SOV holders, a key on-chain metric, and offers the [Shiba Inu](https://iq.wiki/wiki/shiba-inu) community a discounted entry into the Shib Original Vision ecosystem. [\\[5\\]](#cite-id-2u01rpg2oqd)[\\[10\\]](#cite-id-26m9ltp0ldch)  \n  \n# $SOV  \n  \nThe $SOV is SOV's utility token, serving as a solution to perceived issues within the Shiba Inu ecosystem, aiming to combat corruption through transparent and fair token distribution. $SOV aimed to rectify these concerns through an [airdrop](https://iq.wiki/wiki/airdrop) that went live on March 28, 2023, offering equitable token allocations to active [Shiba Inu](https://iq.wiki/wiki/shiba-inu) token holders who have participated on-chain. The total count came up to 277,000 SHIB wallets making SOV's airdrop one of [cryptocurrency](https://iq.wiki/wiki/cryptocurrency)'s most extensive airdrops. For SHIB holders on centralized exchanges (CEXs), a portion of the token allocation is dedicated to airdrops and exchange listing negotiations, overseen by the Inu Economic Forum, consisting of Karma DAO OGs involved in Shiba Inu's early development. [\\[2\\]](#cite-id-8ftx0hi5hw6)[\\[3\\]](#cite-id-9x1ez3luo7c)  \n  \n## $SOV Token Metrics  \n  \nThe $SOV token demonstrates the following distribution across various segments: [\\[2\\]](#cite-id-8ftx0hi5hw6)  \n  \n* **Total Supply:** 200,706,133,340,071 $SOV  \n* **Burned Tokens:** 799,293,866,659,929 $SOV (TX1 and TX2)  \n* **$SHIB Community Airdrop:** Constituting 0.35% of the total supply, $SOV is airdropped to the Shiba Inu ($SHIB) community. This airdrop is extended to $SHIB holders who possess at least 1 $SHIB and have exhibited on-chain activity within the preceding 6 months, commencing from Block 16860452. The airdrop claim window remained open for a 7-day period before being burned.  \n* **The Dogfather:** Accounting for 2.49% of the total supply, this airdrop is allocated to The Dogfather, the undisclosed co-creator of $SHIB ideas. The Dogfather's contributions were essential to the early development of the token but were disrupted by Ryoshi.  \n* **Karma DAO Airdrop:** Comprising 27.40% of the total supply, this airdrop is designated for Karma DAO members. Additional rewards are allocated to Karma DAO contributors who played instrumental roles in initiating $SOV liquidity pools.  \n* **Liquidity Pools for DEXes:** Encompassing 32.39% of the total supply, these tokens are set aside for liquidity provisions within bridges and potential future [Decentralized Exchange (DEX)](https://iq.wiki/wiki/decentralized-exchange) [Liquidity Pools](https://iq.wiki/wiki/liquidity-pool).  \n* **CEX Listings and CEX Airdrops:** Representing 37.37% of the total supply, these tokens are earmarked for centralized exchange (CEX) listings, associated listing fees, and CEX-specific airdrops. Oversight of this allocation is entrusted to leaders within the Karma DAO, collectively known as the Inu Economic Forum.  \n* **BitBoy:** A solitary coin is allocated to BitBoy, serving to preserve his journalistic integrity.  \n* **Multi-Sig Wallet Control:** Tokens allocated for Liquidity Pools, CEX listings, and airdrops are managed through a multi-signature wallet administered by influential figures within the Karma DAO community, collectively referred to as the Inu Economic Forum.  \n  \n  \n","summary":"Shib Original Vision (SOV) is a cryptocurrency initiative aimed at restoring the Shiba Inu community's original principles through a decentralized, inclusive fi...","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[{"id":"Protocols"},{"id":"Organizations"},{"id":"Memecoins"}],"metadata":[{"id":"references","value":"[{\"id\":\"p1xgbbk3spf\",\"url\":\"https://www.shiboriginalvision.com/\",\"description\":\"Website\",\"timestamp\":1692708425237},{\"id\":\"8ftx0hi5hw6\",\"url\":\"https://blog.mexc.com/what-is-shib-original-vision-sov-creator-wilbur/\",\"description\":\"MEXC on SOV\",\"timestamp\":1692708944384},{\"id\":\"9x1ez3luo7c\",\"url\":\"https://twitter.com/ShibSOV/status/1640372340201496576\",\"description\":\"SOV announcing airdrop\",\"timestamp\":1693721256055},{\"id\":\"8gb9fb5jsif\",\"url\":\"https://thenewscrypto.com/shib-original-vision-a-return-to-the-intended-path-of-shiba-inu/\",\"description\":\"Thenewscrypto on SOV\",\"timestamp\":1693721805378},{\"id\":\"2u01rpg2oqd\",\"url\":\"https://nytech.media/memecoin-launched-by-karma-dao-insiders-aims-to-harness-the-power-of-the-shib-community-through-bonding/\",\"description\":\"nytech on SOV\",\"timestamp\":1693721837249},{\"id\":\"la5gtyft97a\",\"url\":\"https://twitter.com/ShibSOV/status/1640369940229128192\",\"description\":\"SOV launch\",\"timestamp\":1693721856416},{\"id\":\"cajj2m5pk0u\",\"url\":\"https://twitter.com/MetaTrustLabs/status/1648316251863941127\",\"description\":\"Audit\",\"timestamp\":1693722509501},{\"id\":\"un50972hju\",\"url\":\"https://twitter.com/ShibSOV/status/1649018705261608967\",\"description\":\"SOV burn bot announcement\",\"timestamp\":1693823696444},{\"id\":\"oynd2lq22ok\",\"url\":\"https://twitter.com/ShibSOV/status/1651561953527996416\",\"description\":\"SOV Poloniex listing\",\"timestamp\":1693823731099},{\"id\":\"26m9ltp0ldch\",\"url\":\"https://twitter.com/ShibSOV/status/1655615185346867204\",\"description\":\"SOV SHIB Bonding\",\"timestamp\":1693823852250}]"},{"id":"website","value":"https://www.shiboriginalvision.com/"},{"id":"contract_url","value":"https://etherscan.io/token/0x2C5BC2Ba3614fD27FCc7022eA71d9172E2632c16"},{"id":"twitter_profile","value":"https://twitter.com/ShibSOV"},{"id":"discord_profile","value":"https://discord.com/invite/rmbTWHF5JW"},{"id":"telegram_profile","value":"https://t.me/ShibOriginalVision"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/shib-original-vision/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/shib-original-vision"},{"id":"medium_profile","value":"https://medium.com/@shiboriginalvision"},{"id":"etherscan_profile","value":"https://etherscan.io/token/0x2C5BC2Ba3614fD27FCc7022eA71d9172E2632c16"},{"id":"previous_cid","value":"QmURm3mpXrzgn19gjUhBaiHh9MhKvkS3Uzsw764JNuhK5k"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0xa817e9da10923C49C3eD3265Ec9aAb4FB2AF69FE","profile":{"username":"Yeonwoo","avatar":""}},"media":[{"name":"jcSZ_FrmgWI","id":"https://www.youtube.com/watch?v=jcSZ_FrmgWI","size":"0","type":null,"source":"YOUTUBE"}],"views":37,"events":[],"ipfs":"QmURm3mpXrzgn19gjUhBaiHh9MhKvkS3Uzsw764JNuhK5k","transactionHash":"0xb07192720cd8b1a6e24e0765e293dec601618d272dfec822c42a1c76e65abdca","created":"2023-08-22T13:05:06.385Z","updated":"2023-09-04T10:42:11.604Z","images":[{"id":"QmVLJgyBP6fBgetVN6K68oKB8x1TYLV8j3swRZhZ3jeeun","type":"image/jpeg, image/png"}],"linkedWikis":null}