Shiba Inu $1B Daily Volume Challenges Meme Coin Label, Kusama Explores Nation-State Potential

With a daily transactional volume often exceeding one billion dollars, SHIB’s GDP calculation challenges its categorization as simply a meme coin, as Shytoshi Kusama, the elusive visonary behind the Shiba Inu ecosystem, explored its potential as a future digital nation-state during his recent podcast, inviting questions about the very nature of digital communities and their economic influence.

The GDP of Shiba Inu: A New Perspective

This week, Kusama explored the concept of a nation-state when discussing Shiba Inu. According to Kusama, “When a country figures out its GDP, there are various ways to calculate it. But overall, it is a way to see, basically, how successful your country is.”

He further explained how he calculated SHIB’s GDP, stating, “For GDP, it is calculated as all of the transactional funds that took place within a currency that runs a nation.” Using this method, the team estimated that SHIB’s GDP is approximately $365 billion per year, based on a $1 billion daily transactional volume.

This calculation offered a new perspective on SHIB’s impact within the digital financial world. It also positioned it to compete with traditional economic structures.

Shiba Inu: A Crypto Community, Not Just a Meme

Kusama clarified that most meme coins or projects could not calculate their GDP because they lacked a defined system of citizenship. “And just for the record,” he stated, “all you other memes out there, time out, bro, you cannot calculate GDP because you do not have a citizenship system.”

He went on to explain that while they identified as “a meme”, Shiba Inu’s efforts to create a citizenship system set them apart from other projects. This distinction, according to Kusama, is necessary for considering SHIB as more than just a token.

GDP Per Capita: Ranking Number One

In a surprising revelation, Kusama explained that based on current data, SHIB already ranks number one in GDP per capita, despite not having a formal citizenship system in place. “We estimated that we are ranked… Number one. Number one. Number one by far. By far. By far.” he emphasized.

Kusama’s claim highlighted the potential of Shiba Inu as a highly productive financial entity. Although this calculation was based on estimations, it demonstrated the potential power of the ecosystem.

From Meme Coin to Future Nation State?

Kusama concluded that the idea of Shiba Inu as a nation-state was “not a joke” but rather “the future of tech.” This vision suggested that Kusama saw Shiba Inu as more than just a digital currency or a meme coin.

With the launch of the Shib Paper as the foundation for the project, Shiba Inu hoped to be considered as a self-governed, sovereign community. SHIB transactional volume, crypto community sovereignty.

Challenging the Meme Coin Label

By focusing on creating a system of governance, and having a unique approach to the calculation of their GDP, Shiba Inu is redefining what it means to be a cryptocurrency. While others may dismiss this vision as mere speculation, the ecosystem is working to defy expectations, and build a unique community with global influence.

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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