Pepe Coin was all the rage last year with its price surge and Pepe the Frog theme. We have seen a pattern of coins with a different theme gaining attention.
While PEPE had made back-to-back ATH’s a few weeks ago, the coin has now cooled down. Now, a new meme coin called Shiba Shootout emerges as a promising competition.
This coin is also drawing attention away from established names like Pepe Coin.
With its different themes and other features, let’s explore why Shiba Shootout is the trending meme coin to watch now.
Comparing Tokenomics: Pepe Coin vs. Shiba Shootout
When comparing the tokenomics of Pepe Coin and Shiba Shootout, major differences become visible. Pepe Coin has a total supply of 420,689,899,999,995 PEPE, with a maximum supply also set at 420,690,000,000,000 PEPE.
The redistribution system employed by Pepe Coin rewards long-term stakers. Additionally, Pepe Coin features a burning mechanism that removes a portion of the coins from circulation regularly to maintain scarcity.
Of the maximum supply of Pepe Coin, 93.1% was sent to the liquidity pool on Uniswap, with LP tokens burned and the deployer contract sent to a null address. The remaining 6.9% is held in a multi-sig wallet for future CEX listings, bridges, and liquidity pools.
In contrast, Shiba Shootout operates with a different structure. The total supply of $SHIBASHOOT tokens is designed to support its features and rewards.
The presale allocation stands at 35% (770 million tokens), staking rewards at 20% (440 million tokens), project funds and liquidity each at 10% (220 million tokens), and marketing also at 20% (440 million tokens).
An additional 5% (110 million tokens) is allocated to the Rootin’ Tootin’ Shooter Fund, rewarding active and engaged participants.
This distribution shows a balanced approach to growth, community engagement, and market stability.
Key Features of Shiba Shootout
Shiba Shootout has some key features that set it apart from other meme coins.
The project’s Wild West theme introduces characters like Marshal Shiba and the Shiba Sharpshooters.
Marshal Shiba is the community leader. He will be seen wearing a cowboy hat and a blockchain lasso. The Shiba Sharpshooters are a group of skilled crypto enthusiasts and meme creators. They support the community by providing creative content and engaging in meme battles.
One of the different features of Shiba Shootout is Cactus Staking. This staking mechanism allows users to stake their $SHIBASHOOT tokens and earn rewards over time, visually represented by a growing digital cactus.
The longer the tokens are staked, the more the cactus grows, symbolizing the accumulated rewards.
In addition to staking, Shiba Shootout offers various interactive community features. The Posse Rewards program incentivizes users to invite friends to join the community, earning bonus tokens in the process.
Campfire Stories sessions provide a platform for community members to share their crypto experiences and stories. Token Governance Roundups enable users to vote on key project decisions.
Plans for the future
Shiba Shootout has published a clear roadmap on its website. In the initial phase, the project focuses on launching and achieving visibility through listings on CoinGecko and CoinMarketCap.
The goal is to build a strong foundation by attracting the first 1,000 holders and creating a buzz on social media platforms like Twitter.
The second phase aims to expand the community further.
This involves reaching 5,000 holders, establishing strategic partnerships, and launching a digital newsletter to keep the community informed and engaged. A token-gated Discord group will also be formed to offer exclusive access to holders and foster a closer-knit community.
#ShibaShootout is more than a #memecoin it’s a vibrant community with a Wild West theme, unique tokenomics, and fun utilities. Join the ride! 🤠🚀
Jump in the fun! 🚀 https://t.co/jCeu7XN9gp pic.twitter.com/wJdMuCb95P
— shibashootout (@shibashootout) May 26, 2024
In the third phase, the team plans to launch $SHOOTOUT merchandise and develop $SHOOTOUT tools to enhance the user experience. The project will aim for Tier 1 exchange listings to further increase its market presence.
Shiba Shootout’s roadmap shows a clear vision and a structured approach to achieving its goals. This new meme coin is showing all signs of becoming the next big player.
While the possibility of Pepe Coin creating another ATH could be very difficult in current market coniditions, Shiba Shootout is likely to attain that if everything goes according to the team’s plan.
JOIN THE SHIBA SHOOTOUT PRESALE (SHIBASHOOT)
