What is SHUMO Coin? Project Background and Features
SHUMO (SHUMO) is a cryptocurrency built on the Ethereum blockchain. It is designed as a deflationary token, aiming for sustainable development and rewarding holders through a unique economic model.
- Profit-Sharing Mechanism: The SHUMO project is committed to generating its own revenue and pledges to share 100% of its profits with token holders. This mechanism aims to address the long-term sustainability issues faced by many crypto projects.
- Eternal Empire Fund: 4% of all SHUMO transactions will be contributed to the "Eternal Empire Fund." Funds from this can be used to purchase other crypto tokens or even NFTs. All profits generated by the fund will be used to buy back and burn SHUMO coins, further increasing the token's scarcity.
- Holder Governance: SHUMO holders have the right to decide the long-term development roadmap of the project, including how to manage its Eternal Empire Fund, giving community members control over the project's future direction.
- Reflection Tax Mechanism: SHUMO also introduces a 2% reflection tax mechanism. This means that with every transaction, a portion of the tokens is redistributed to all existing holders, allowing holders to passively increase their SHUMO holdings.
SHUMO Coin's Historical Performance and Market Status
SHUMO coin garnered some attention in its early days. For example, on February 17, 2022, SHUMO coin's market capitalization reached an all-time high of $40 million within 24 hours of its launch. Its smart contract was also audited by Certik, and the development team was in listing negotiations with CEXs at the time.
Key Data and Circulation
- Total Supply: 100,000,000,000 SHUMO.
- Circulating Supply: Public data shows a circulating supply of 0 SHUMO. This data is clearly abnormal and may be due to a data source error or the project having no active circulation, for reference only.
- All-Time High (ATH): Approximately $0.000670.
- Current Price: As of publication, some data platforms show SHUMO's price at approximately $0.00000062, with a 24-hour change of 0.00%. However, other major data platforms (such as CoinMarketCap and Live Coin Watch) display current price or market cap data as 0, or "no data found," which strongly indicates that the token has no active trading volume or is not widely tracked.
SHUMO Coin's Trading Status
Based on current market data and information, the trading market for SHUMO tokens is almost depleted, with a lack of effective transactions. Although there were historical listing and audit plans, there are currently no reliable active trading channels. Investors are advised to conduct thorough research on any project and fully understand the significant risks involved before considering any cryptocurrency transactions.
