A few days ago, the team of the famous Shiba Inu memecoin announced to the public the arrival of a new protagonist to its ecosystem, the Shifu token.
The coin will be officially launched this week, accompanied by an airdrop in favor of holders of SHIB, BUBBLE, LEASH and other resources.
A public pre-sale has also been organized, in which everyone can freely participate, but which will expire in a few hours.
We delve into everything in this article.
Shiba Inu Developer “Shytoshi Kusama” Confirms Imminent Launch of New SHIFU Token
The Shiba Inu community will soon host a new companion to 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, later confirmed by Shytoshi Kusama, main developer of the famous memecoin.
Shifu was born from a collaboration between the Shiba Inu team and Imaginary Ones.a blockchain platform that integrates digital art, games and NFTs.
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 “teacher”, evokes the image of a teacher who guides and teaches, bringing discipline and wisdom to the chaotic market memecoin.
The design of the new coin is very reminiscent of the old master from the movie “kung-fu-panda”, Also called Shifu.
While introducing 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.
Shiba and Imaginary Ones Community Airdrop
As anticipated by influencer Davis, the launch of the Shifu token will be accompanied by a large airdrop to the Shiba and Imaginary communities.
all holders of SHIB, BUBBLE, STRAP, BONE and NFT owners Shiboshi, Sheboshi, and Imaginary Ones Carnival will be eligible.
We don’t 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 go towards the airdrop.with the aim of rewarding and strengthening 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.
4% is reserved for Shib Games holders, which include LEASH, BONE tokens, and Shiboshi and Sheboshi NFTs.
Instead, the remaining 4% is allocated to participants of the Imaginary Ones Carnival and its related NFTs.
The coin will be launched on the Ethereum and Shibarium blockchains, with the “Token generation event” scheduled for the next few days.
This airdrop is designed to reward existing followers and encourage adoption of the new token among loyal users of the platform.
The details of Shifu’s tokenomics
While introducing the new Shifu token, the Shiba Inu team also revealed their tokenomics, which is as follows.
The total supply is 1 billion units, and 50% will be launched in the TGE and the remaining 50% is unlocked in four weeks.
This gradual release strategy aims to avoid excessive market volatility and ensure a smooth initial transition for new holders.
As anticipated in the paragraph, 30% of Shifu’s supply is reserved for airdrop purposes, with 30 billion tokens ending up in Shiba ecosystem wallets.
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 sufficient resources available to facilitate trading in the market, reducing initial volatility.
Obviously, like all memecoins, an allocation dedicated to the marketing of the project could not be missing: 10% of the existing Shifu will be used to pay crypto influencers and other collaborators who will help popularize the new meme.
Another 20 billion tokens (20%) will be reserved in the project’s treasury, and the money will be used to support Shifu’s long-term growth by funding any future development.
Finally, 15% of the supply, i.e. 15 billion tokens, will be available for a public pre-sale. This will allow all interested investors to purchase Shifu before its market launch.
Shifu token pre-sale: already 2,200 ETH raised, last hours to participate
As just described, the Shifu token will initially be distributed not only to the Shiba community but also to all investors who will participate in the public pre-sale.
Anyone will have the opportunity to buy Shifu with an initial market capitalization of $2.25 million (575 ETH), with a FDV limit of 15 million (3830 ETH).
To participate, it is enough to send a minimum of 0.1 ETH (there is no maximum limit) to the following address: 0x0Ec5b7fe8F8f13C57daCf2B617Deff1640911516
Only transfers from DEX wallets, such as MetaMask and Rabby, will be accepted, while those from CEX will be discarded and returned.
In this phase, 15% of the supply is openly sold, with 100% of the funds allocated for liquidity purposes.
The official launch is expected in the next few days. The pre-sale ends today at 15:00 UTC.
Shifu’s team explained that in the event of overwriting, the tokens will be adjusted proportionally and any excess will be refunded.
At this time, the limit set at 575 ETH has already been significantly surpassed, as more than 2,220 ETH have been deposited.
As an indication, pre-sale participants will purchase the Shifu token at an MDF of $60 million.
