The Communal Toilet

What?

We are the OG and staunch believers of the ShitLabs ecosystem.  The quirkiness and meme-ability of the project attracted us and over time, we bonded and encouraged one another through the good and bad times.

The belief is still strong that the components of the project - NFTs & token will eventually recapture all crypto enthusiasts' interest globally.

Thus, we banded up and formed a transparent, non-profit DAO to support this project that we still feel strongly about. 

Why?

$SHIT token contract has a fixed supply and also been renounced* and is listed on several exchanges with decent volume.

It also has a good community behind it believing that it could be the next big thing come the upcoming bull run.

Instead of waiting for the dev team to build more usecases and burn mechanics, we took the bull by the horns and started our own strategy to enhance the value of the token.

It may be a small step now but we are confident to add more mechanics over time.

*Renounced = No entity owns the token and no further modifications to the smart contract can be made.

How?

Each member supplied an equal amount of liquidity which is then collectively used to form SHIT/ETH LP on Uniswap v3.

Whenever trades are executed on Uniswap v3, fees will be earned for every trade.  The $SHIT earned using this method is currently being sent to the burn wallet every fortnight.

There are ideas that will be brainstormed amongst the DAO in future to accelerate this burning.  Stay tuned for further updates!