The prices of popular meme coins like BONK and Shiba Inu (SHIB) have experienced a downward trend, while Shiba Shootout is a new player in the meme coin sector.
This article delves into the features of Shiba Shootout that might contribute to its growth.
The price of BONK has been going down since it hit its all-time high in March. Even though it showed signs of recovering in mid-April, the price has stayed low as the market has been bearish on BONK.
Shiba Inu (SHIB) has also had a sideways and bearish price trend since March. Despite SHIB’ dedicated and very strong community, it hasn’t been able to keep the bullish momentum going in recent months.
The Rise of Shiba Shootout
Shiba Shootout has emerged as an up-and-coming project looking to capitalize on the growing meme coin narrative in crypto. Even though it’s still in its presale stage, it has gotten a lot of interest and is seeing more funding and higher token prices, showing its potential and the community’s excitement.
Shiba Shootout has successfully completed different stages of its presale, which has led to more funding and higher token prices. The presale started in early June.
The project aims to combine fun gameplay with ways for people to earn money, while also building a strong, loyal community.
Shiba Shootout creates a Wild West-style environment, with characters like Marshal Shiba, Shiba Sharpshooters, and the town of Shiba Gulch, to give users an immersive experience.
The project sees itself as more than just another meme coin project but also a vibrant community that celebrates creativity, collaboration, and a shared love of cryptocurrencies.
Passive Income Opportunities
Shiba Shootout lets users earn money passively. The project has some cool features to get people involved and keep the whole system going.
First, the ‘Posse Rewards’ program lets users invite friends to the Shiba Showdown community and get bonus tokens for themselves and their friends. The more people join the ‘posse,’ the more rewards there are.
Shiba Shootout also has the ‘Lucky Lasso Lottery’ where people use the project’s tokens for a chance to win big crypto prizes. Some of the money from this will go to charity.
The ‘Savings Saddlebags’ feature lets users automatically put a percentage of their tokens in a wallet that’s locked for a while. During this time, they earn extra tokens as rewards, which makes users want to hold the tokens long-term and keeps the tokens scarce.
There’s also the ‘Cactus Staking’ system where users can stake their Shiba Showdown tokens. The longer they stake, the more rewards they get.
These ways to earn extra tokens don’t just help users – they also make the project more popular and sustainable. The referral and staking programs encourage the community to grow and keep holding the tokens, instead of just selling them right away. Plus, the fun, game-like features combined with the chance to earn money attract more people to the crypto project.
Community Building and Fun Activities
Shiba Shootout knows that building a strong, engaged community is important. The project has special features to bring people together and make them feel like a part of the team.
One of these is the ‘Regular Campfire Story’ sessions. In these, community members can share their experiences with other cryptos and meme coins in a relaxed, story-telling way. This is a fun way to keep the community stronger.
Is There Potential for Growth with Shiba Shootout?
Shiba Shootout could see a big price increase soon after it launches. Meme coins are known for spiking very high when they are bullish. Of course, presale is ongoing, so investors have the chance to acquire $SHIBASHOOT at a lower price before the launch.
The project has a whole system that includes rewards for holding the token, programs for getting friends to join, and activities to build a community. This helps holders to keep the token for a long time and participate in the project.
Tokenomics and Roadmap
Shiba Shootout has a well-designed tokenomic model that aims to allocate resources strategically, supporting the project’s growth and sustainability. The token distribution is as follows:
- 35% (770 million tokens) are for early supporters in the presale
- 20% (440 million) are for rewards for people who stake their tokens
- 10% (220 million) are for the project’s ongoing development
- 10% (220 million) are for trading and keeping the market stable
- 20% (440 million) are for marketing to get more users
- 5% (110 million) are for the most dedicated community members
Welcome to #Shiba Gulch, the heart of the Wild West crypto frontier! 🏜️
Join Shiba fans for challenges, memes, and thrilling Shootouts.
Join us at https://t.co/jCeu7XN9gp pic.twitter.com/RLhyuJsgzY
— shibashootout (@shibashootout) June 8, 2024
This balanced distribution shows the meme token is committed to staying around for the long run. Reserving lots of tokens for staking rewards and community programs will help build a loyal group of users.
Shiba Shootout also has a clear roadmap to keep users informed about how the project is progressing and what’s coming next.
How to Join the Ongoing Presale
If you want to take part in the ‘Shiba Shootout’ presale, here’s what to do:
First, make sure you have a crypto digital wallet (Metamask or Trust Wallet usually work well). Go to the project’s website and find the presale section. Connect your wallet there.
Once it’s connected, you can participate in the presale by exchanging your chosen cryptocurrency for $SHIBASHOOT tokens. The website also has detailed instructions on how to join, including the presale schedule.
JOIN THE SHIBA SHOOTOUT PRESALE (SHIBASHOOT)
