Shiba Inu: This New AI Meme Token Partnered With Shibarium, Surges 81%

Jake Simmons

1 year ago

3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Shiba Inu lead developer Shytoshi Kusama recently published a new blog post about the latest developments in the SHIB ecosystem. However, while the focus of Kusama’s blog post was on Shibacals, there was a more hidden news: Shibarium’s partnership with AI meme token project Bad Idea.AI.

The project’s official Twitter account also drew attention to the news, confirming that the partnership is now official. An image within the blog post showed an overview of all official partners and tokens that belong to the Shibarium ecosystem. Among them is Bad Idea.AI.

It’s official @badideaai & #Shibarium partnership pic.twitter.com/pUQMT2FkdA

— Bad Idea Ai (@badideaai) June 21, 2023

Kusama has already spoken out in the AI meme token project’s Telegram group, expressing his delight that artificial intelligence (AI) will help decentralize Shibarium. He wrote:

Thanks to this BAD community that has given us great insight about AI for our upcoming projects. Alongside our other partners like Unification, (and some projects I believe will bring massive value to Shibarium) we now have a powerful toolset, and plan that includes AI, for decentralization. I can’t thank you enough. #hailshib that’s one thing that was never a bad idea.

Remarkably, Bad Idea.AI’s tool already caused a stir within the SHIB community in the past few days, but at that time it was not yet clear that it would become an official partner of Shiba Inu. On Saturday, June 17, the Bad Idea AI bot posted a reply in the Shiba Inu Telegram group to influencer @LucieSHIB’s question about why people attack the SHIB army.

Honest answer 😤😞😂
Bad Idea x #SHIBARMY pic.twitter.com/p8GukUSxcn

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 17, 2023

Shiba Inu Goes AI: BAD Tokenomics

A few hours ago, Lucie used Twitter to spread the word about the AI meme token, which she says has only 908 holders. “I was 773 and had no idea it was going to be introduced as a friendshib,” Lucie wrote, but she also stated: “It’s not financial advice! We bought this as a joke and love it and look forward to seeing how we implement it in the future. If you join the ride REMEMBER to have fun and Ask Bad Idea.AI questions!!!”

According to the official white paper of the new Shiba Inu partner, the project was developed to answer the million dollar question of how humanity and AI technology can live in harmony in the future. “Will AI be our savior or our downfall?” is the core question of the project.

To answer this question, the team has launched BAD IDEA, an “experiment” that combines AI, blockchain and DAOs in “a risky, meme-worthy concoction”, “think of it as humanity’s Hail Mary pass, a last-ditch effort to secure our future in a world where artificial intelligence threatens to call the shots.”

The BAD token is currently only available on Uniswap V2 and has a total supply of 831 trillion BAD tokens. 59% are currently public, the rest is being held back for development, marketing and a “Humanity’s Last Hope Fund”. Also, there is a team allocation of 4.2%.

At press time, BAD was ranked #2772 on CoinMarketcap and had a market cap of around $10 million. In the last 24 hours, its trading volume was $1.4 million, up 702%. With a price of $0.00000001134, BAD has seen an increase of 81% in the last 24 hours.

The Shiba Inu price is currently facing key resistance at $0.00000837, where the 23.6% Fibonacci retracement level resides. As outlined in the last price analysis, the first scenario has come true. Now, SHIB needs to break above the 23.6% Fibonacci level and break out of the downtrend channel.

Featured image from Neural Love, chart from TradingView.com

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.