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Cryptocurrency News Articles
Shifu (SHIFU) Meme Coin Enters the Shiba Inu (SHIB) Ecosystem with a Massive Airdrop Campaign
Dec 18, 2024 at 01:42 am
A new meme coin, Shifu (SHIFU), is coming to the Shiba Shiba Inu (SHIB) ecosystem as the team unveils the tokenomics and a massive airdrop campaign.
A new meme coin, dubbed Shifu (SHIFU), is set to join the Shiba Shiba Inu (SHIB) ecosystem, with the team revealing its tokenomics and a massive airdrop campaign. According to a report shared on X, the meme coin will be launched on both the Ethereum and Shibarium blockchains.
The report unveiled that SHIFU will have a total supply of 100 billion. Out of this, 30 billion SHIFU (30% of the supply) will be allocated for a community airdrop. In total, 50% of the supply will be released at the Token Generation Event (TGE), and the remaining 50% will be released over four weeks.
According to the details, users who hold 100,000 SHIB tokens and 100 Bubble (BUBBLE) tokens will be eligible for an airdrop that comprises 22% of the SHIFU total supply. Moreover, holders of the Shib Games, Doge Killer (LEASH), Bone ShibaSwap (BONE), and Shiboshi & Sheboshi non-fungible tokens (NFTs) will be allocated 4% of the total supply.
Specifically, LEASH holders will be given 2%, BONE holders will receive 1%, and games and NFT holders will get 0.5% each. Finally, 4% of the total supply will be distributed to Imaginary Ones Carnival participants and the NFT initiatives.
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
— Shib | TreatYourself Season (@Shibtoken) December 16, 2024
More About the SHIFU Tokenomics
Further analysis of the SHIFU tokenomics reveals that 25% of the total supply will be used for liquidity on the various centralized and decentralized exchanges. 15% will be dedicated to the public presale. However, the date for the public presale has not yet been announced.
Ten percent of the supply will also be allocated to marketing, particularly partnerships and campaigns, while 20 percent will be reserved for Treasury to support the network’s long-term growth. This project is reportedly being created in partnership with Shiba Inu's Shytoshi Kusama and Kaal Dhairya.
Recently, the project gained attention after Kusama responded to a tweet by Lark Davis, a well-known crypto investor with over 1 million followers, where Davis hinted that the Shiba Inu developers are introducing a new dog-themed coin and called it “The Master Of All.”
The devs behind $shib are bringing a new dog to crypto. SHIFU! The Master Of All! A legit meme coin launched by the second biggest meme coin by market cap and community in all of crypto! There will be an insane airdrop to holders of SHIB, BUBBLE, LEASH, and the IO NFT. The snapshot will be soon. Coming soon.
Meanwhile, SHIB is nearing its yearly high of $0.000033, trading at $0.000027 at press time. According to Javon Marks, an analyst, SHIB could surge by 180% to hit $0.000081 in the near term.
According to our findings, on-chain data supports this bullish scenario, with the total number of wallet addresses exceeding two million and the total number of transactions processed crossing 600 million.
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