Shiba Inu is preparing to launch its own NFT…Here’s what you need to know
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Answer Shiba Inu is preparing to launch its own NFT…Here’s what you need to know
Non-fungible NFT tokens enthusiasts will be able to purchase 10,000 NFT Tokens representing lovable creatures and beings, most of which revolve around “Shiba Inu” dogs.
The sale is expected to start early next week, and users will have to hold LEASH coins if they want to be among the first to participate.
The “Shiba Inu” project is described as a “Dogecoin killer”.
The “Shiba Inu” project saw the light of day Amid the crazy momentum of DeFi in the summer of 2020, the project team took a step forward by launching a decentralized trading platform.
Recently the team decided to reveal its plans to release its own NFT suite.
Read:MasterCard CEO: These are the reasons for our withdrawal from the “Facebook” digital currency project
clearer the post That 10,000 digital creatures will go on sale next week (or sooner), and the team promised to provide an alert before the official launch.
Initially, “Shiba Inu NFT” will be available only on the protocol of the decentralized trading platform “ShibaSwap”, where buying and trading will be completely free (except for gas fees).
In the first 24 hours after launch, users will be able to purchase NFT only with “LEASH” cryptocurrency, which is one of the tokens of the “Shiba Inu” system.
note: Following the announcement, the price of the LEASH cryptocurrency has increased by 20% at the time of writing this article.
After this time period, there will be the possibility to buy ETH as well.
The first 3000 “Shibushis” (Shibushis is the so-called NFT provided by Shiba), will be valued at 0.1 Ethereum, and of course, as we were told, the payment will be the equivalent of that in LEASH cryptocurrency.
The next 5,000 will cost 0.2 ETH, and the rest will cost 0.3 ETH.
One wallet can buy a maximum of 10 NFT.
Read:The number of Ethereum deposited in Ethereum 2.0 stakes hits a new record
Buyers will also be able to rename their newly acquired NFT tokens if they are willing to pay $100 in SHIB tokens.
These “shiboshis” will come with generic names like 00001.
Once a user renames their NFT and pays $100 worth of SHIB, that money will go to a dedicated wallet to be burned.
According to the statement:
If everyone named their shiboshis, it would be a million-dollar burn from SHIB.
The team promised that there would be a ‘Shibushi’ that all NFT holders would be allowed to use in strategic play.
For example, some Shibushi will have laser eyes, which may give the player the ability to attack at long distances.
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