A few days ago, the team of the famous memecoin Shiba Inu announced to the public the arrival of a new protagonist within its ecosystem, namely the token Shifu.
The currency will be officially released this week, accompanied by an airdrop in favor of the holders of SHIB, BUBBLE, LEASH, and other resources.
A public presale has also been organized, which everyone can freely participate in, but it will expire in a few hours.
We delve into everything in this article.
Summary
The community of Shiba Inu will soon host a new companion from Japanese meme culture, already known to the public as Shifu token.
The news had been anticipated a few days ago by the influencer Lark Davis, then confirmed by Shytoshi Kusama, lead developer of the famous memecoin.
Shifu was born from a collaboration between the Shiba Inu team and that of Imaginary Ones, a blockchain platform that integrates digital art, games, and NFT.
This partnership makes the new token unique and innovative, being integrated with various gamified elements of the web3 world.
The name Shifu, which in Japanese means “master”, evokes the image of a master who guides and teaches, bringing discipline and wisdom to the chaotic market of memecoin.
The design of the new coin is very reminiscent of the elderly master from the film “Kung Fu Panda,” also called Shifu.
Presenting the token to the crypto markets, it was also revealed that there will be a reward for all supporters of the Shiba ecosystem. The official launch is scheduled for this week
#SHIB #Shibarmy #LEASH LFG
Did someone say Airdrop? https://t.co/pJd44aGKaY
As anticipated by the influencer Davis, the launch of the Shifu token will be accompanied by a large airdrop to the Shiba and Imaginary ones communities.
All holders of SHIB, BUBBLE, LEASH, BONE and the owners of the NFT Shiboshi, Sheboshi, and Imaginary Ones Carnival will be eligible.
We do not know exactly when the snapshot will be taken, but it is likely that it has already been taken.
In total, 30% of the supply of the new Shifu token will be allocated for the airdrop, aiming to reward and strengthen the cohesion of a successful meme ecosystem.
More specifically, 22% will be offered to all users who at the time of the snapshot have a balance of at least 100,000 SHIB and 100 BUBBLE.
The 4% is reserved for the holders of Shib Games, which include the tokens LEASH, BONE, and the NFTs Shiboshi and Sheboshi.
The remaining 4% is instead allocated for the Imaginary Ones Carnival participants and its related NFTs.
The currency will be released on the blockchains of Ethereum and Shibarium, with the “Token Generation Event” scheduled in the coming days.
This airdrop is designed to reward existing supporters and encourage the adoption of the new token among the loyal users of the platform.
SHIFU, a groundbreaking partnership between Shiba and Imaginary Ones, is bringing an incredible airdrop exclusively for our loyal Shib community! 🌟
Here’s how the airdrop supply will be distributed:
22% Supply: Hold 100,000 $SHIB + 100 $BUBBLE to qualify.
4% Supply: Reserved… pic.twitter.com/4cp5UieUzs
Introducing the new Shifu token, the Shiba Inu team also revealed its tokenomics, which is as follows.
The total supply is 1,000 billion units, with 50% to be released at the TGE and the remaining 50% unlocked over four weeks.
This gradual release strategy aims to prevent excessive market volatility and to ensure a smooth initial transition for new holders.
As anticipated in the paragraph, 30% of the supply of Shifu is reserved for airdrop purposes, with 30 billion tokens that will end up in the wallets of the Shiba ecosystem.
25% of the supply, or 25 billion Shifu, will be used to provide liquidity on various centralized and decentralized exchanges.
This is a fundamental step to ensure that there are enough resources available to facilitate trading in the market, reducing initial volatility.
Obviously, like all memecoins, an allocation dedicated to the project’s marketing could not be missing: 10% of the existing Shifu will be used to pay crypto influencers and other collaborators who will help make the new meme popular.
Another 20 billion tokens (20%) will be reserved in the project’s treasury, with the money being used to support the long-term growth of Shifu by funding any future developments.
Finally, 15% of the supply, that is 15 billion tokens, will be made available for a public presale. This will allow all interested investors to purchase Shifu before it is launched on the market.
As just described, the Shifu token will be initially distributed not only to the Shiba community but also to all investors who will participate in the public presale.
Anyone will have the opportunity to purchase Shifu at an initial market cap of 2.25 million dollars (575 ETH), with a FDV cap of 15 million (3830 ETH).
To participate, it is sufficient to send a minimum of 0.1 ETH (there is no maximum cap) to the following address: 0x0Ec5b7fe8F8f13C57daCf2B617Deff1640911516
Only transfers from DEX wallets, such as MetaMask and Rabby, will be accepted, while those coming from CEX will be discarded and sent back.
15% of the supply is openly sold in this phase, with 100% of the funds being used for liquidity purposes.
The official launch is expected in the coming days. The presale ends today at 15:00 UTC.
The Shifu team explained that in case of overwrites, the tokens will be adjusted proportionally and the excesses will be refunded.
At this moment, the cap set at 575 ETH has already been significantly exceeded, as over 2,220 ETH have been deposited.
Indicatively, the participants in the presale will purchase the Shifu token at an FDV of 60 million dollars.
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