Lion Simba. Why is it the lion logo on the shield?
Simba is a promising project that is capable of influencing the blockchain industry positively and satisfying the needs of both experienced cryptocurrency community members and market newcomers. In addition to custody services, decentralized currency exchange and consulting services, SIMBA token, backed by bitcoin, can be found in the Simba ecosystem. The entire project was named after this token. Let’s consider where this name comes from and what it means.
The history of Simba Token.
Simba’s founder Anton Katin, a successful cryptocurrency entrepreneur and investor, was initially set to create a reference blockchain project. His love of Switzerland directly influenced the creation of a new brand in the world of cryptocurrencies. As it is known, Switzerland is the most reliable country in terms of storing funds and it is friendly to digital assets as well. The idea appeared at the ski resort. Anton was snowboarding, enjoying the clean alpine air and creating a token in his mind which would be backed by satoshi in a 1 to 1 ratio. A few months later Anton posted his first structured ideas about Simba in the Medium blog. He is convinced that the era of fiat-backed currencies is going away because fiat is losing credibility due to economic shocks and lower incomes of ordinary citizens. At the same time, cryptocurrencies are only gaining popularity.
SIMBA is an ERC-20 token which can be used for any types of payments and transfers. This stablecoin has the prospect of a steadily rising price of bitcoin, making it profitable in terms of passive income. As stated above, SIMBA is a staple of the project ecosystem, Simba.Storage in particular.
It is important to mention that the idea of creating a coin backed by bitcoin is not unique today, which is proved by the existence of a similar asset called Wrapped Bitcoin (WBTС). However, the Singapore project raises doubts about its safety at the stage of its appearance, because it is under the jurisdiction of a country that does not properly monitor fraudulent financial schemes.
However, when Anton decided to create a coin backed by bitcoin, he did not know about the existence of a similar product. Only six months later, he found out about this project making a similar product for a year. However, the difficulties associated with competition cannot stop a person who persistently pursues his goals.
What does Simba mean?
The name was taken from the cartoon ‘The Lion King’, which Anton watched during his trip to Austria. At that time, the development of a smart contract and a website was underway. Therefore, it cannot be said that the creation of the brand was inspired by the cartoon name, but after it appeared, it gave some additional features to the brand — lion’s strength of spirit and resilience, as well as the ability to overcome difficulties. In the cartoon, a young lion cub had to go through difficult challenges and survive in exile to eventually regain his deserved place as the king of beasts. Simba token is aimed to take a place of the king of the cryptocurrency world. It should become the basis for ensuring the safe storage of digital assets, one of the most convenient means of payment and a profitable asset for savings.
Also, it turned out that there are a lot of different old pirate coins inscribed with the word ‘Simba’. It means that the name has ancient roots, which goes with the nature of the blockchain that brings improvements and progress to existing processes and things. Although some users may have a negative attitude towards piracy, in the current reality it is more associated with freedom and justice. Content which is primarily the target of modern digital pirates is often unreasonably expensive for ordinary people who are losing their income because of the global crisis and rising taxes. At the same time, the capital of the owners of such content continues to grow.
The special purpose of Simba.
Some people may be sceptical about fortune-telling, predictions and other similar things related to esotericism which is often beyond human understanding. A certain mysticism can be traced in many things, though, influencing the outcome of certain processes, for example, the Egyptian pyramid, the eye and the inscription ‘Novus Ordo Seclorum’ on a dollar note, which means ‘New Order of Ages’.
One of the most popular methods of fortune-telling is divination by the interpretation of tarot cards. When the cards were set out to foretell the future of the Simba project, the Knight of Pentacles, also known as the Knight of Coins, was pulled out. In the picture the Knight holds a shield in his hand and its edges match the edges of the SIMBA logo. This card indicates the rapid movement towards the set goals, reliability, stability and successful business.
If we talk about the meaning of the card in terms of Simba, first of all, it indicates constant self-improvement, getting new knowledge, healthy daily activities, overcoming all difficulties and implementing plans and goals in the way it has been planned. There is nothing extraordinary in it. The Simba team and all members of the cryptocurrency community understood the great future of bitcoin long ago. Therefore, securing this asset and issuing a token backed by BTC should be a successful venture.
Traditionally, this Arcana (scenario or figure depicted on the Tarot cards) indicates a useful person, receiving a valuable service, profit and benefit. All in all, this card indicates great opportunities that, in the case of Simba, should result in financial stabilization and an increase in the well-being of the ecosystem participants. In reality, it will be achieved through the dedication of all members of the professional project team to what they do together.
