AUSTIN, TX – 19/01/2025 – (SeaPRwire) – In a groundbreaking move that promises to reshape the trajectory of decentralized finance (DeFi) and meme coins, the Sharbi team has successfully completed the migration of its $Sharbi token from the Ethereum and Shibarium blockchains to the Base chain, an Ethereum Layer 2 network. The initiative marks an important milestone for the project, as it continues to expand its presence across multiple blockchain ecosystems, including Solana and now Base. The Sharbi project, often referred to as the “Queen of Memes,” was first launched in January 2023 and quickly grew to a combined market capitalization of over $40 million, cementing its place as a leading player in the meme coin sector.
The decision to migrate the $Sharbi token to Base chain follows a comprehensive vote by Sharbi’s Decentralized Autonomous Organization (DAO), ensuring the move aligns with the interests of its vibrant and engaged community. As part of the migration process, the Sharbi team consolidated the total supply of tokens across Ethereum and Shibarium into a single, optimized contract on the Base chain. This consolidation process has reduced the total supply of $Sharbi to a fixed 75 billion tokens, reflecting the tokenomics on Solana, which operates at zero-tax (0%) fees. This strategic move is designed to increase the project’s utility, improve token liquidity, and enhance integration with decentralized applications (dapps) while ensuring minimal costs for users and holders alike.
“Relocating from Ethereum and Shibarium to the Base chain was not a decision taken lightly,” said Andrew Rosemond, a core team member of Sharbi and a DAO administrator. “Our decision was driven by a deep commitment to creating a better experience for the Sharbi community. The Base chain offers the perfect blend of increased trading volume, significantly reduced gas fees, and enhanced infrastructure, all of which provide the tools needed for $Sharbi to scale and grow sustainably.”
Rosemond further emphasized the long-term vision for Sharbi, stating, “Our goal is not only to maintain a steady climb in market value, but also to provide our loyal community with a project that offers tangible value and longevity. We are committed to creating opportunities for our investors, and we have big plans to increase revenue shares and deliver on our promises in 2025.”
By consolidating the token supply, Sharbi also anticipates that it will further streamline its integration with other dapps, improving price tracking and liquidity across decentralized exchanges. Additionally, former holders of $Sharbi on Ethereum and Shibarium will be compensated by receiving an equivalent dollar value of their holdings in $Sharbi on the Base chain, ensuring a smooth transition for the community.
“This move to Base chain strengthens the $Sharbi brand, positioning it as a more appealing option for large investors, or ‘whales,'” Rosemond said. “With a presence on two top-volume chains, Solana and Base, $Sharbi becomes more visible and accessible, which is essential for attracting bigger investors who seek long-term, solid projects in the rapidly evolving crypto space.”
$Sharbi’s commitment to security and transparency remains a key component of its identity. The project is KYC (Know Your Customer) verified, and its audits are regularly updated to ensure ongoing compliance with industry standards. The Sharbi team has also worked diligently to meet the rigorous verification requirements of Assure DeFi®, securing The Verification Gold Standard® for its project.
Beyond its technical achievements, Sharbi has been making significant strides in real-world applications. In 2023, the Sharbi team partnered with Zypto Pay, allowing holders to use $Sharbi for bill payments, gift card purchases, and more with both virtual and physical cards. This move significantly increased the practical utility of the $Sharbi token, transforming it from a mere speculative asset into a tool for daily transactions.
Looking to the future, the Sharbi team is preparing to unveil several ambitious projects aimed at further cementing its place in the DeFi ecosystem. In 2024, Sharbi launched the Sharbi Dream Factory, an accelerator program designed to support other DeFi projects by providing access to development resources, marketing services, auditing, and much more. Early in 2025, the team will roll out a major initiative that promises to set Sharbi apart as a true innovator and a central player in the decentralized finance landscape.
Sharbi is fully decentralized, 100% DAO-controlled, and operates as a pay-to-hold coin with zero taxes on both the Solana and Base chains. The project’s DAO investment fund, Boom Boom Capital, participates in exclusive seed rounds and pre-sale crypto opportunities, with profits being shared quarterly with $Sharbi holders. To date, Sharbi has distributed over $1 million to its holders as passive earnings, further showcasing the project’s commitment to its community and to delivering long-term value.
For more information about Sharbi, visit www.sharbi.net. You can also find the project on social media via Twitter (@SharbiToken) and Telegram (t.me/SharbiPortal).
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