The much-expected announcement is here as the team behind — Bitshiba reveals its system, launching their no-minting fixed-supply token $SHIBA. Bitshiba does not require minting, given that every token that will ever exist, will already be created, according to the team.
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 the 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
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 offered 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.
Release ID: 89064549