The post SHIB Coin Price Jumps 6% As Shiba Inu’s Team Announces Plan to Transform U.S. Crypto! appeared first on Coinpedia Fintech News
As Americans prepare to vote for their next president, Shytoshi Kusama, the lead developer of Shiba Inu, has shared a big plan to make the U.S. a leader in blockchain technology. The initiative, known as the Strategic Hub for Innovation in Blockchain (S.H.I.B.), invites notable figures like Elon Musk and Donald Trump to join in this vision. Amid this excitement, Shib Coin has also seen a 6% price surge.
U.S. Strategic Hub for Innovation in Blockchain (SHIB)
In a recent blog post, Shytoshi Kusama proposed to make the U.S. a leader in blockchain technology over the next five to ten years. It aims to create a dedicated hub that integrates both physical and digital infrastructure, similar to Silicon Valley, focused on blockchain development.
To achieve this, the proposal outlines a dual approach to infrastructure development, which includes building modern labs, secure data centers, and high-speed connectivity.
I propose a Strategic Hub for Innovation in Blockchain (S.H.I.B.). I invite either Presidential candidate and/or interested parties to reply if they support this “Silicon Valley for the Blockchain industry”.
https://t.co/N5CMYOfPP9
— Shytoshi Kusama
(@ShytoshiKusama) November 5, 2024
Meanwhile, to attract investments and businesses, the plan includes an economic framework with tax incentives, grants, and investment-matching programs for startups. Additionally, Kusama suggests forming public-private partnerships to blend the expertise of the private sector with the resources of the government.
Education plays a crucial role in this proposal. Kusama recommends partnerships with universities to develop blockchain education programs and investments in K-12 STEM education
Promising Future Returns
As per the proposal, the S.H.I.B. project is expected to bring in an investment of $1.3 billion to $2.35 billion over ten years. In the short term, this hub could create about 5,000 jobs in areas like administration and construction, adding $500 million to the economy.
In the medium term, it plans to grow to 20,000 high-skilled jobs, contributing nearly $2 billion each year.
In the long run, Kusama sees the hub becoming a self-sustaining engine that could add over $5 billion annually to the economy.
Shiba Inu Skyrockets 6%
Shib Coin price jumped 6% after the Shiba team revealed its exciting new proposal. Right now, Shiba Inu is trading at about $0.00001759, showing a solid rise in just 24 hours.
With Shiba Inu’s price climbing, everyone is watching to see if it can break through the $0.000020 resistance level. Speculation about a Donald Trump win could heat up demand for memecoins, boosting the chances for another SHIB rally as the elections get closer