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Cryptocurrency News Articles
Shiba Shootout: the Latest Meme Coin Craze Pits the Legendary Doge Icon in Play-to-Earn (P2E) Wild Western Combat
Sep 21, 2024 at 09:06 am
Meme coins are known for their highly erratic behavior. They rapidly climb up and down the charts with massive gains and losses.
Shiba Shootout, a meme coin and play-to-earn token, is making waves in the crypto space. The token, which serves as the payment and reward currency for an intense wild-west-themed shooter video game, is attracting attention due to its unique gaming utility.
The game, which is set in the Shiba Inu universe, features Marshal Shiba leading the Shiba Sharpshooters to victory in gun battles to earn attractive rewards. The game is already live for Android and iOS users.
While the Shiba Inu label adds to the speculative appeal of the project, the play-to-earn game is what sets Shiba Shootout apart in the meme coin market.
Apart from gaming utilities, Shiba Shootout also offers multiple avenues for earning rewards, such as a referral program called ‘Posse Rewards,’ a ‘Lucky Lasso Lottery’ system, and Cactus Staking for passive income.
The tokenomics of Shiba Shootout are designed to cater to various aspects of the project. For instance, 20% of the token supply will be distributed as staking rewards.
Meanwhile, a large portion (35%) of the tokens is allocated to the presale, with another 20% set aside for marketing campaigns to fuel mass adoption.
Community initiatives like Campfire Stories, where members share their crypto and meme coin experiences, and ‘Token Governance Roundups,’ which allow members to participate in the project's development, foster camaraderie and belongingness.
Despite being a $SHIB derivative, Shiba Shootout is not aiming to rival Shiba Inu. Meme coin derivatives often capitalize on the brand label of their more popular version to build a community.
Shiba Shootout is a promising new meme coin that combines the hype of the Shiba Inu meme with the excitement of a P2E game.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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