Lil Shiba is the next evolution of a yield-generating contract on the Binance Smart Chain (BSC) for the Shiba Inu community: you get rewarded in SHIB by simply holding LILS
The token contract employs a static rewards system—15% of every transaction is split in two:
10% SHIB is redistributed to holders
5% is used to fuel the liquidity pool exchange growth
Lil Shiba Redistribution
Claiming manually is unpleasant for a few reasons:
Need to connect your wallet manually to the website
Time lost returning frequently to manually claim your SHIB
Educating holders is complicated. It's difficult for them to understand the value until they go through the full claiming experience. That makes the project more difficult to market.
We created a unique system that auto-claims for every single holder the amount due. We call it the LILSPROTOCOL.
The way it works for holders: You buy tokens and hold them, you'll automatically receive SHIB in your wallet. The process is automatic.
How it works:
The contract keeps track in an array of all token holders
The contract keeps an index into the array for processing
Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more, since the gas will still be proportionally less than the value of the tokens)
The token is based on a Dividend-Paying Token Standard, which means all SHIB the contract gains will be split equally proportionally to the token holders.
When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for SHIB, or automatically buy back tokens for them.
This system is fully automated and doesn't add minimal gas fees proportional to value transferred. The number of holders processed through each transaction is dynamic and based on transaction size. Holders will receive dividends from the queue based on their position in the array. It's a fair system, fully automated.
Minimum token balance is 10,000 LILS tokens to receive SHIB distributions.
Extra 3% Sell fee
Swing trading is a common practice that can affect price action. To incentivize holding and reducing pump/dump dynamics, we added an extra 3% sell fee on top of the initial 15% transaction fee. Total sell fee = 18% (12% SHIB redistribution + 6% Liquidity pool).