Shiba Shootout is a new cryptocurrency project that started in April 2024. It has already successfully raised $700,000 and is steadily moving to the next stage according to the planned timeline. As a result, it has also made a big impact in Techreport’s ranking of the hottest stocks to invest in in 2024. In this article, we will explain the overview of Shiba Shootout, which was inspired by Shiba Inu Coin, and its future prospects.
Shiba Shootout, a fusion of Shiba Inu Coin and Western movies
Shiba Inu Coin is a meme coin that has attracted attention for its rapid price rise, known for its Shiba Inu-themed logo and marketing as the “Dogecoin Killer” against Dogecoin. Shiba Shootout is a cryptocurrency project that combines Shiba Inu Coin, a representative meme coin, with the Western movies of the American frontier.
Shiba Shootout also adopts the Play-to-Earn (P2E) model as its game concept. This is a model where players can earn crypto assets (virtual currency) by playing games, and it is especially evident in the mobile game “Shiba Sharpshooter.” In the game, the setting is a fierce gunfight set in a digital western settlement called Shiba Gulch. Players can maximize their gunfighting abilities by using $SHIBASHOOT tokens.
As of the time of writing, $SHIBASHOOT tokens can be purchased for $0.0196. In addition, a Web3 app version is also in development, so further development is expected.
The fascinating world of Shiba Shootout
The world of Shiba Shootout, which combines crypto assets and western dramas, is unique. In the digital settlement of Shiba Gulch, enthusiastic fans gather, and bars line the bloody streets. And at the bars, you can laugh with your friends and enjoy a cryptocurrency showdown. Even though it is a game world, you can fully immerse yourself in the western world.
Tokenomics of Interest
Shiba Shootout’s tokenomics has also attracted the attention of investors. 770 million $SHIBASHOOT tokens, or 35% of the total supply, have been allocated for the presale, providing a great opportunity for early participants. In addition, 20% are allocated to staking rewards, 10% to project development funds, 10% to liquidity provision, 20% to marketing, and 5% to sharpshooter rewards. This allocation shows the emphasis on project sustainability and community activation.
Diverse utility
The diversity of utility is another feature of the Shiba Shootout project. A referral program called “Posse Rewards” allows users to earn bonus tokens by inviting friends. In addition, a program called “Campfire Stories” allows community members to share their cryptocurrency and meme coin experiences.
In addition, the Token Governance Roundup allows you to vote on important project decisions, and the Lucky Lasso Lottery gives you the chance to win big cryptocurrency rewards while indirectly supporting charitable causes.
Plans and Goals
Shiba Shootout has a clear plan from Phase 1 to Phase 3. In Phase 1, we plan to launch and list on best cryptocurrency exchanges such as CoinGecko and Coinmarketcap, and gain more than 1,000 holders. In Phase 2, we aim to gain more than 5,000 holders, form community partnerships, form a TokenGate Discord group, and list on CEX. And in the final Phase 3, we aim to provide $SHOOTOUT goods, academy, and tools, list on T1 Exchange, and gain more than 100,000 holders.
The Future of Shiba Shootout
Shiba Shootout has high growth potential as a new Gamefi that adopts the P2E model while following the success of Shiba Inu Coin. However, given the high volatility of the meme coin market and the large number of short-lived projects, it remains to be seen whether Shiba Shootout will achieve the same success as Shiba Inu Coin.
Therefore, it is important for investors to carefully evaluate the uniqueness of the project, the reliability of the development team, the activity of the community, etc., fully understand the risks associated with virtual currency investment, and make decisions based on the principle of self-responsibility. Shiba Shootout’s unique world view and gamification elements have attracted a lot of attention, but its success ultimately depends on the support of the community and the execution ability of the development team. Let’s continue to watch Shiba Shootout’s growth to see if it can breathe new life into the cryptocurrency market.
