The Shib Daily Desk
Oscar Token rises with a strong purpose in the world of memecoins: to channel the spirit of a viral Shiba Inu image towards community impact and charitable giving; all while bringing a deflationary supply to the table and taking inspiration from the foundational Shiba Inu legacy.
The Origins of Oscar Token: Tapping into Internet Culture
The story of Oscar Token begins well before Shiba Inu’s explosive rise, within the corners of early internet culture. In 2011, a simple video capturing a shiba inu’s playful leaps on a trampoline went viral, etching a piece of digital history.
This particular meme, predating the well-known Kabosu image, would later be used by Ryoshi, the pseudonymous creator of Shiba Inu, in an early blog post, “All Hail The Shiba!” This early meme also pioneered the use of the Comic Sans font and moon imagery in Shiba-related memes, a style that influenced the broader genre.
Oscar Token, emerging years later, embraced this story and tied its existence directly to the nascent Shiba Inu community.
Oscar Token Founding Team & Historical Connections
Oscar is not solely born out of internet culture but also deeply inspired by early Shiba Inu network builders. The project was brought to life by Paradox Designer, one of those who were part of the early Shiba Inu team and is believed to be among Ryoshi’s closest collaborators..
Paradox Designer was instrumental in creating the logos for both $SHIB and $LEASH, as well as the initial front-end interface for ShibaSwap DEX.
Mission and Values: Charity and Community First
Oscar Token is a 100% community-driven project, operating as a CTO (Community Takeover Token) with no central authority or team tokens. This is a vital element of the token design because it means complete decentralization, removing any central control and enabling the community to play the key role in its growth and success.
Unlike many meme-based tokens that focus solely on market trends and price speculation, Oscar Token prioritizes community, charity, and the preservation of Shiba Inu’s early story. Drawing inspiration from Ryoshi’s vision, the project is devoted to spreading joy and doing good through collective actions.
The Oscar community, known as the “OSCARMY,” actively participates in charitable initiatives, demonstrated by their donations and various programs. For one, they were recognized as a top crypto donor for Variety Kabosu 4 Kids, a campaign supported by Kabosu Mama, the owner of Kabosu.
“Our charity portal is still under development, but it’s already possible to see some of the campaigns we’ve completed and photos of the animals and children we’ve helped so far, all in just a little over 3 months since the creation of our token,” a representative from Oscar told The Shib Daily.
Oscar’s dedication to charity also extends to a partnership with K9 Rescue.
“Our main goal is to integrate millions of people into Shibarium, creating a network where we can provide meals to abandoned dogs around the world, with just 50 cents per meal,” an Oscar representative shared.
Oscar’s Deflationary Model and the New Collar Token
Oscar functions as a fully decentralized community token, free from central control or team allocations. It operates under a deflationary model, where over 10% of its total supply has already been burned by the community.
To further support this mechanism, a burn portal is currently under development. Furthermore, Oscar introduced a second token called Collar, designed for staking and farming, which offers rewards to holders.
The mechanisms for Collar are inspired by the original designs of the Leash token from the early Shiba Inu days based on a discontinued plan by Ryoshi. This mechanism is designed to promote long-term community engagement and reward.
“The entire setup is untouchable and perfect, entirely built on the recipe and vision of Ryoshi as described in the whitepaper. Collar, the Doge Father, is something we have in mind to give not only to our community but also to all those who love and admire the history of Shiba and Ryoshi,” the representative explained.
Oscar Token’s Future on Shiba Inu’s Layer 2 Blockchain
The developers of Oscar envision a future deeply integrated within the Shibarium ecosystem. As for its partnership with K9 Rescue, the Oscar representative said, “We also aim to offer the opportunity for anyone to make micro-donations through Oscar Token, using $BONE as gas on the Shibarium network. I believe this is our grand purpose with Shibarium: to show the world the power of this L2 blockchain. And there is no better way to do this than through charity and doing genuine good in the world.”
This approach aims to show the world the power of this L2 blockchain and give full meaning to the model adopted by the Shiba team, which faithfully followed the guidelines established by Ryoshi.
The design, including its very low gas fees — a feature that has sometimes been the subject of discussion within the Shiba community — might ultimately reveal the reasons behind Ryoshi’s setup.
This highlights how transactions with Shibarium, may prove why Ryoshi set things up this way. The intent is to utilize Shibarium’s capabilities, driving forward both token and ecosystem adoption.
Market Analyst Predicts Huge Potential for Community-Driven Meme Coins
Crypto market analyst Murad Mahmudov predicted that 2025 will present significant opportunities for meme coins, with some potentially reaching market capitalizations in the billions. Mahmudov emphasized that human behavior and collective belief will continue to drive financial markets. This positions meme coins as a dominant asset class within the broader cryptocurrency landscape.
He underlined that long-term success in this space hinges on creating community-driven projects with “cult-like” followings, requiring at least seven to eight months of dedicated effort to build a strong and passionate community.
Mahmudov asserted that only those projects that cultivate deep emotional connections through this period of growth will emerge as long-term winners.
Oscar Token’s emphasis on community, historical relevance, and charitable goals aligns with this vision for success — a mission deeply embedded in its framework. Its journey has only just begun though, and the competitive landscape demands continued dedication and hard work.
