A new crypto project - Shiba Shootout (SHIBASHOOT) - is garnering significant attention from meme coin enthusiasts and has quickly raised nearly $500k during its ongoing presale.
Smart money traders are also eyeing the new token, with popular crypto YouTuber Michael Wrubel calling it the next 100x meme coin.
What Is Shiba Shootout?
Shiba Shootout isn’t an ordinary meme coin with just another mascot. Instead, the project has created a memable, fictional town - Shiba Gulch - built on the Wild West theme with Marshal Shiba as the story’s protagonist.
Its whitepaper aptly describes the project’s mission:
“ShibaShootout is not just a meme coin; it's a community-driven project that combines creativity, competition, and camaraderie in a Wild West-inspired setting. With characters like Marshal Shiba and the Shiba Sharpshooters, and a vibrant town like Shiba Gulch as its backdrop, ShibaShootout offers a unique and immersive experience for crypto enthusiasts.”
Most successful meme coin projects have a beloved mascot or an engaging narrative behind them. Take, for instance, Dogwifhat. Several crypto hedge funds invested in WIF, simply because the dog had a hat.
The characters in Shiba Shootout also don a hat - cowboy-style - and provide a thrilling Wild West narrative that could lead to a strong community backing.
Rewards Galore For SHIBASHOOT Token Holders
Shiba Shootout isn’t a utility-less meme token that depends solely on community hype for its growth. Instead, it offers a wide range of rewards to its holders, following in the footsteps of Floki in this regard.
For instance, the project has launched a referral program, known as the Posse Rewards. Essentially, investors can invite their friends to join the Shiba Shootout community and receive exciting token rewards.
Similarly, investors get to share their wild meme coin experiences during the regularly organised Campfire Stories sessions. Those with the craziest stories will win additional $SHIBASHOOT tokens.
There is also an innovative concept of the “Savings Saddlebags”. Investors essentially get to allocate a portion of their tokens to a dedicated wallet for a period of time and earn bonus rewards.
Similarly, buyers can take advantage of the Shiba Shootout staking, starting today from the presale itself. In fact, the project’s native staking pool is offering a yield percentage much higher than the industry standard, currently over 2000%.
Investors can check out the website’s staking dashboard for the latest reward rate.
Experts highlight that the project’s staking and saving saddlebags program could play a significant role in decreasing the selling pressure on the meme coin.
Token holders can take advantage of additional benefits. For instance, the project will organize Token Governance Roundups in which holders can cast their votes on key decisions. Very few new meme coins offer this option to investors, which could go a long way in building trust between buyers and the developer team.
Similarly, investors can participate in the Lucky Lasso Lotteries for a chance to win “big crypto prizes”. A portion of the amount collected through the lotteries will also be used for charitable initiatives.
Furthermore, as per the Shiba Shootout roadmap, the project is set to launch its own newsletter, merchandise, its own academy and native crypto tools. The Shiba Shootout mini-game will also be launched at some point in the near future.
Why Shiba Shootout Could Be The Next 100x Meme Coin?
As previously mentioned, experts are highly bullish on SHIBASHOOT’s upside potential, thanks to its early demand and wide-ranging rewards.
They are also impressed with its community-centric tokenomics, such as the fact that no portion of the token supply has been reserved for the developer team, significantly reducing the risk of rug pulls and pump-and-dump price action.
Additionally, the Shiba Shootout smart contract has been audited by SolidProof, which did not reveal any vulnerability or centralization risks.
As a result, SHIBASHOOT has the potential to catch the attention of some deep-pocketed whales, especially as the broader market sentiment improves.
Investors looking to buy this new meme coin can visit shibashootout.com and use the over-the-counter widget. They can swap any of ETH, BNB or USDT in exchange for the token or use a bank card.
Buyers should also follow the Shiba Shootout X and Telegram accounts to keep up with the latest updates.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
