Main navigation

Bitshiba Announces the Release of Its No-Minting Fixed-Supply Token $SHIBA

Advertisement
Fri, 18/02/2022 - 7:22
Bitshiba Announces the Release of Its No-Minting Fixed-Supply Token $SHIBA
The cover image and all the rights belong to the client ordering given press release
Read U.TODAY on
Google News

The Bitshiba announce the release of its no-minting fixed-supply token $SHIBA. It comes with the unique system, which requires no minting because of the tokens that will be there been already created, according to the team.

Advertisement

The team went further to explain that “50% of all BitShiba tokens were added directly to liquidity on Pancakeswap and the remaining 50% were intentionally destroyed forever by sending them to the 0x000... burn address. DEX Liquidity is locked until 2099. The BitShiba community controls 100% of all tokens.”

Users are welcome to a listing voting session codenamed Kickstarter with free airdrops between 03:00, February 16, 2022, to 10:50, on the same day. Votes will be done with $SHIBA to vote in favour of getting $SHIBA listed.

While explaining the rationale behind the voting exercise, the team noted that it is excited to launch a session of Kickstarter, a listing campaign initiated by the project team before launch where users can stake tokens to vote towards a predetermined goal.

Once the team hits the goal, the listing process will start and free token airdrops will be arranged for participating users prior to the listing.”

SHIBA is a community-owned token with 1,000,000,000,000,000 tokens. 50% of the total supply will be added to liquidity pool and locked forever while another 500 trillion tokens, representing the other 50%, will be burned.

How to Join Kickstarter

If you are eager to join the voting process, you can participate in the Kickstarter by staking $SHIBA tokens and stand a good chance of winning free airdrop projects.

Your spending power and the amount of $SHIBS you can own is a function of your Spot Wallet’s balance at the snapshot time.

According to the team, the tokens used for voting will be locked temporarily while the event lasts. They will be unlocked shortly after the event’s conclusions while users have unlimited voting chances before the end of the voting period.

Within an hour of the voting, participants will receive airdrop rewards distributed proportionally according to the total votes.

Participants should note that participating in the Kickstarter event is free. However, they must complete the Know Your Customer verification exercise before the event ends, a requirement for eligibility for the rewards. 

The team will announce the listing details separately. The targeting voting rate is 500% and the voting rate is calculated as Total votes/total value of rewards.

Only projects that hit the 500% voting rate will be listed.

About Kickstarter Project

Project Name: BitShiba (SHIBA)

Total Supply: 1,000,000,000,000,000

Official Website: https://bitshiba.io 

Block Explorer (BEP-20): https://bscscan.com/token/0xb84cbbf09b3ed388a45cd875ebba41a20365e6e7 

How to Buy Shiba

SHIBA is currently available on PancakeSwap where interested investors can purchase it. The team is leveraging the freedom offers by decentralized exchanges by making the token available on credible DEX exchanges. However, plans are underway to list SHIBA on centralized exchanges in the near future.

Social Media:

Twitter: https://twitter.com/BitShibaToken

Telegram: https://t.me/Bitshibatoken

Discord: https://discord.gg/Bitshiba

Website: https://bitshiba.io/

Company details

  • Organization
    Bitshiba
  • Website:

Disclaimer: This is sponsored content. The information on this page is not endorsed or supported by U.Today, and U.Today is not responsible or liable for any inaccuracies, poor quality, advertising, products or other materials found within the publication. Readers should do their own research before taking any actions related to the company. U.Today is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD