# Shib Original Vision > Shib Original Vision (SOV) is a cryptocurrency initiative aimed at restoring the Shiba Inu community's original principles through a decentralized, inclusive fi... - Canonical URL: https://iq.wiki/wiki/shib-original-vision - Categories: Cryptoassets - Tags: Infrastructure, Memecoin - Created: 2023-08-22T13:05:06.385Z - Last updated: 2024-01-10T15:28:51.150Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **Shib Original Vision** (SOV) is a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) initiative associated with the [Shiba Inu](https://iq.wiki/wiki/shiba-inu) token. The project introduces a narrative-style description, referred to as the "Shib Original Vision," which articulates its core principles and goals. This vision is presented as a storyline that highlights the project's mission to address perceived imbalances in the cryptocurrency space and to create a community-driven and equitable financial ecosystem.[\[1\]](#cite-id-p1xgbbk3spf) # Overview Launched on March 28, 2023, Shib Original Vision was introduced by Karma DAO with the aim of restoring the [Shiba Inu](https://iq.wiki/wiki/shiba-inu) community's original values through a decentralized governance. At the core of this effort is the "Inu Economic Forum," a 50+ member group entrusted with making key decisions for SOV. [\[4\]](#cite-id-8gb9fb5jsif)[\[5\]](#cite-id-2u01rpg2oqd)[\[6\]](#cite-id-la5gtyft97a) The storyline behind the Shib Original Vision emphasizes the project's inception as an endeavor to establish a coin that focuses on inclusivity, decentralization, and empowerment of individuals regardless of their financial background. The central theme revolves around the divergence of the [Shiba Inu](https://iq.wiki/wiki/shiba-inu) token ($SHIB) from its intended purpose and its transformation into a speculative asset. The narrative introduces key figures such as "[Ryoshi](https://iq.wiki/wiki/ryoshi-founder)" and "The Dogfather," symbolizing the leadership and contributions associated with the Shiba Inu project. [\[1\]](#cite-id-p1xgbbk3spf) ### # History On April 18, 2023, MetaTrust completed token smart contract audit for $SOV, ensuring security and reliability. [\[7\]](#cite-id-cajj2m5pk0u) On April 20, 2023, they implemented a burn bot that has been actively burning $SOV tokens 6 different times everyday, making their $SOV token deflationary. [\[8\]](#cite-id-un50972hju) On April 27, 2023, $SOV was listed on [Poloniex](https://iq.wiki/wiki/poloniex) Exchange as $SHIBSOV as their symbol on the exchange. [\[9\]](#cite-id-oynd2lq22ok) On May 9, 2023, capitalizing on Shib's momentum ahead of the Shibarium launch, $SOV introduced a bonding feature through [Bond Protocol](https://iq.wiki/wiki/bond-protocol), allowing users to trade $SHIB for discounted $SOV (approximately -40% off spot price). The $SHIB received is then used to buy back $SOV, creating a cycle that benefits both discounted SOV holders and the token's overall value. $SOV holdings are vested for six months, encouraging long-term commitment from users. Bonding also expands the number of $SOV holders, a key on-chain metric, and offers the [Shiba Inu](https://iq.wiki/wiki/shiba-inu) community a discounted entry into the Shib Original Vision ecosystem. [\[5\]](#cite-id-2u01rpg2oqd)[\[10\]](#cite-id-26m9ltp0ldch) # $SOV The $SOV is SOV's utility token, serving as a solution to perceived issues within the Shiba Inu ecosystem, aiming to combat corruption through transparent and fair token distribution. $SOV aimed to rectify these concerns through an [airdrop](https://iq.wiki/wiki/airdrop) that went live on March 28, 2023, offering equitable token allocations to active [Shiba Inu](https://iq.wiki/wiki/shiba-inu) token holders who have participated on-chain. The total count came up to 277,000 SHIB wallets making SOV's airdrop one of [cryptocurrency](https://iq.wiki/wiki/cryptocurrency)'s most extensive airdrops. For SHIB holders on centralized exchanges (CEXs), a portion of the token allocation is dedicated to airdrops and exchange listing negotiations, overseen by the Inu Economic Forum, consisting of Karma DAO OGs involved in Shiba Inu's early development. [\[2\]](#cite-id-8ftx0hi5hw6)[\[3\]](#cite-id-9x1ez3luo7c) ## $SOV Token Metrics The $SOV token demonstrates the following distribution across various segments: [\[2\]](#cite-id-8ftx0hi5hw6) * **Total Supply:** 200,706,133,340,071 $SOV * **Burned Tokens:** 799,293,866,659,929 $SOV (TX1 and TX2) * **$SHIB Community Airdrop:** Constituting 0.35% of the total supply, $SOV is airdropped to the Shiba Inu ($SHIB) community. This airdrop is extended to $SHIB holders who possess at least 1 $SHIB and have exhibited on-chain activity within the preceding 6 months, commencing from Block 16860452. The airdrop claim window remained open for a 7-day period before being burned. * **The Dogfather:** Accounting for 2.49% of the total supply, this airdrop is allocated to The Dogfather, the undisclosed co-creator of $SHIB ideas. The Dogfather's contributions were essential to the early development of the token but were disrupted by Ryoshi. * **Karma DAO Airdrop:** Comprising 27.40% of the total supply, this airdrop is designated for Karma DAO members. Additional rewards are allocated to Karma DAO contributors who played instrumental roles in initiating $SOV liquidity pools. * **Liquidity Pools for DEXes:** Encompassing 32.39% of the total supply, these tokens are set aside for liquidity provisions within bridges and potential future [Decentralized Exchange (DEX)](https://iq.wiki/wiki/decentralized-exchange) [Liquidity Pools](https://iq.wiki/wiki/liquidity-pool). * **CEX Listings and CEX Airdrops:** Representing 37.37% of the total supply, these tokens are earmarked for centralized exchange (CEX) listings, associated listing fees, and CEX-specific airdrops. Oversight of this allocation is entrusted to leaders within the Karma DAO, collectively known as the Inu Economic Forum. * **BitBoy:** A solitary coin is allocated to BitBoy, serving to preserve his journalistic integrity. * **Multi-Sig Wallet Control:** Tokens allocated for Liquidity Pools, CEX listings, and airdrops are managed through a multi-signature wallet administered by influential figures within the Karma DAO community, collectively referred to as the Inu Economic Forum.