The meme cryptocurrency industry started with Dogecoin. Then Shiba Inu followed. These coins created a separate fanbase, niche, and community in the industry.
Now, a new contender, Shiba Shootout, is trying to become the next big dog-themed coin.
Here we explain how the project team plans to achieve this goal.
Current performance of Dogecoin and Shiba Inu
Both Dogecoin and Shiba Inu have had impressive performances in 2021. However, their recent performance has shown some struggles (to say the least).
Dogecoin started out as a pure joke but quickly gained a huge following. DOGE reached an all-time high of around $0.74 in May 2021. However, it has struggled to break that level in the current bull run.
Similarly, Shiba Inu price reached an all-time high of $0.00008 in 2021. However, SHIB price performance is not great either; it lost the support area at $0.00002, so the price is now more than 4x away from its all-time high.
Thus, their recent struggles have left room for new meme coins (like Shiba Shootout) to enter the market.
Subscribe and be on top! 💯
Be part of our community for the latest news and updates. 📲🗞️
Join the fun! 🚀 https://t.co/jCeu7XMBqR pic.twitter.com/Zz17L82gsj
— shibashootout (@shibashootout) June 17, 2024
Quick summary of the Sheba match
Shiba Shootout is a Wild West inspired coin.
The project combines elements of creativity, strategy, and community engagement with a cowboy theme. The native token is called $SHIBASHOOT. The token offers high-risk rewards and various interactive features.
The main character in Shiba Shootout is Marshal Shiba. He is the quick-witted community leader. Alongside him are the Shiba Sharpshooters. The Shiba Sharpshooters are crypto enthusiasts who contribute to the community by creating memes and participating in events.
The main hub of the Shiba Shootout is Shiba Gulch. This is the central hub where community members gather for events, challenges, and the excitement of confrontation.
Shiba Shootout offers a wagering reward rate of over 2000% for holders of $SHIBASHOOT tokens. This process is visualized as a digital cactus. As you receive rewards, the cactus grows, which means that the longer you bet, the bigger the cactus gets. Therefore, betting on Shiba Shootout is symbolically called “cactus betting.”
The project also hosts various activities such as Posse Rewards, Campfire Stories, and Token Governance Roundups.
Additionally, they have a lucky lottery system called Lucky Lasso Lotteries.
Shiba Shot Out and Tokonomics Roadmap
Shiba Shootout has a clear and detailed roadmap outlining its plans for growth and development.
road map:
Phase 1: The initial phase focused on building a solid foundation. This included launching the website and a pre-sale (both of which were successfully completed). After that, the team plans to list on CoinGecko and CoinMarketCap. Additionally, they also plan to reach 1,000+ holders. Phase 2: Goals in this phase include reaching 5,000+ holders, launching a digital newsletter, forming a token gateway Discord group, and listing on centralized exchanges (CEXs). Phase 3: The final phase includes launching $SHOOTOUT merchandise, creating the $SHOOTOUT Academy and $SHOOTOUT tools, and targeting top-tier exchange listings. The ultimate goal is to expand the community to 100,000+ holders.
Tokonomics:
Presale: 35% (770M tokens) Staking: 20% (440M tokens) Project Funds: 10% (220M tokens) Liquidity: 10% (220M tokens) Marketing: 20% (440M tokens) Rootin’ Tootin’ Shooter Fund: 5% (110M tokens)
Conclusion
In the meme coin market, Shiba Shootout emerges as a potential new contender.
In just a few weeks, Shiba Shootout has raised over $470,000 in the ongoing presale. This indicates that investors are paying attention to this new coin.
The team also plans to list the coin on the CEX exchange. If that happens, the coin will gain more exposure and may be pumped.
If you’re interested in what Shiba Shootout is trying to do, now is a great time to participate in their presale. Just make sure you have a crypto wallet with ETH or USDT. Visit their website and connect your wallet to purchase SHIBASHOOT tokens.
Join the Shiba Shootout today!
X | Telegram | Website
Disclaimer: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent the views of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of the information provided in this content. Do your research and invest at your own risk.