"It's like betting on 4D chess."
"So it's like the stock market if the whole thing was a joke?"
"...Wait, so how's it different than the stock market?"
"Is SHITE a part of DeFi?"
"Well, it defies logic so..."
"At least this shitcoin can't lose 100% of its value."
"Oh, I see, HODLcoin is the Marxist cryptocurrency and SHILLcoin is the capitalist cryptocurrency."
"We shill for the present and hodl for the future."
“Ether goes in, SHILLcoins come out. You can’t explain that.”
“I trust my microwave to heat up my coffee, why wouldn’t I trust a bunch of code running on computers solving sudokus to manage my money?”
“I’ve never been so excited about such a stupid idea.”
“Nothing can take my HODLcoins and I’ll always be able to trade them for Ether? Sign me up!”
"All I want is a piece of that sweet, sweet slush fund."
“Playing SHITE is the equivalent of throwing your ones into a blender and hoping hundreds come out.”
"So it's possible to shill HODLcoins and hodl SHILLcoins? Incredible. This is truly revolutionary technology."
"The back end *is* the blockchain."
"It's somewhere between burying gold in the desert, betting on a horse race, and just straight-up burning your money."
"HODLcoins don't exist until they're bought and disappear when they're sold, so supply always equals demand."
The SHILL-HODL Interconnected Token Ecosystem (SHITE) is a smart contract-based artificial economy and autonomous game built on the Ethereum blockchain.
SHITE has two native tokens - SHILLcoin and HODLcoin. At any time, players can buy, sell, exchange, or transfer either token.
The contracts themselves provide constant markets for both SHILLcoin and HODLcoin, algorithmically setting the price of their token to match demand.
Each transaction charges a variable fee; fees paid by one contract accumulate in the Slush Fund of the other contract. Holders of each token are provided access to the Slush Fund, with control over incoming funds proportional to the share of tokens that they own.
Rewards earned by holding tokens provide access to the Slush Fund and can be spent at any time. Players can spend their rewards to either Double Down, netting themselves more tokens and a greater share of future rewards in turn, or Cash Out to receive cold, hard Ether.
The current size of a contract's Slush Fund determines the rate at which the contract charges transaction fees. The fee rate charged increases slowly as Ether accumulates in the Slush Fund, but resets to its minimum once the Slush Fund balance exceeds the economic cycle size. As the Slush Fund balance increases further, this cycle repeats over and over. When the Slush Fund balance decreases, this process is reversed. Thus, every action taken in SHITE - including spending rewards - shifts the fee rate charged by at least one of the smart contracts. By exploiting this mechanism, savvy players of SHITE can actively manipulate the automated markets generated by SHITE's smart contracts.
SHILLcoin is built to have faster cycles of activity, rewarding shills who effectively influence the market sentiment. HODLcoin, on the other hand, is balanced to encourage slower but wilder swings, rewarding those with strong hands and stronger convictions.
Ready to start playing?
Then head over to the Play Page to try out our UI. Please note that a Web3-enabled browser (e.g. MetaMask or Mist) is required for this functionality.
Want to learn more?
Want to read the smart contracts?
Have questions, comments, or things you'd like to discuss?
We've got a Telegram group at: https://t.me/shitegroup
Or you can email the creator directly at: TheTokenPhysicist@protonmail.com