Due to the uncertainty in the international economy and the policy of raising interest rates to reduce inflation in many countries, the amount of money invested in risky assets has dropped dramatically. It was also heavily affected. Especially for a less basic coin like Meme Coin. However, Shiba Inu is now making more use cases by creating a Card Game. Today, we would like to take a closer look at SHIB’s brief history and plans. How do you create a game that just released today?
What is SHIB coin?
Shiba Inu (SHIB) is a meme coin that makes a copy of Dogecoin (DOGE), the dog coin that Elon Musk frequently mentions on Twitter, and every time he mentions it, the DOGE price always goes up. There were a lot of dog coins at the time, such as Floki Inu, Akita Inu, Samoyedcoin and Dogelon Mars, but in the end, the one that came the furthest was SHIB. $0.0000000000056, peaking at $0.00008616, or 150,000,000% by 2021, with almost no use cases other than tossing around and reducing supply from burning coins.
SHIB was created in August 2020 from the now-defunct Ryoshi (a pseudonym). Initially there was 1 trillion SHIB, but 50% of all coins were used to increase liquidity in Uniswap, destroy private keys, and 50% to Ethereum co-founder Vitalik Buterin, who later donated 1 billion SHIB. To the organization fighting Covid-19 in India and decide to burn 40% of the SHIB coins they received, causing the original supply of SHIB to disappear by more than 40% now.
But now that the market is clearly down, the price of SHIB is only $0.00008845, down 87% from All Time High. Decentralized Exchanges like Shibaswap, Bone Governance Tokens farmed in Shibaswap, LEASH Stake coins earn xLEASH, which is accumulated value from BONE produced per block. And future plans to build the Shibarium Blockchain Layer 2 built on Ethereum have yet to bring the price back up.
However, it was announced at the end of September that the Shiba Eternity Game was something the community was very interested in. And expect this to be a pullback for SHIB prices.
What kind of game is Shiba Eternity?
Shytoshi Kusama, one of SHIB’s development team, describes Shiba Eternity as a Collectible Card Gasme (CCG) game that resembles Hearthstone or Yu-Gi-Oh! The game is a turn base style where each turn picks up cards with different properties and uses them to fight to destroy the opponent’s cards. The object of the game is to attack Siboshi or the opposing character (dress up) to lose all their stats.
Shiba Eternity announced its launch on Twiiter Space on September 23, 2022, and originally planned to launch on October 1, but was postponed to October 6, 2022 instead. Australia It will be open to play both on mobile phones, both iOS & Android and PC, which if the response is good, there may be a real product for sale as well.
In addition, Shiba Eternity has not been released as an NFT Game or not, because in this game there will be a system to buy card packs that must be random in order to get cards to play, “real money” is used as the in-game currency to Buy card packs with Starter Bundle for 99 baht and in-game decorations.
Regarding SHIB’s relation, when asked on Discord, the revenue split was as follows: 1) 5% of the proceeds will be burned to SHIB; 2) 45% will be invested in a Proprietary Investment Vehicle, something like a company that Doing on Blockchain, for example, or using it for charity, which will have a Doggy DAO for bone holders to vote, and 3) 50% of the remaining undisclosed.
summarize
The launch of Shiba Eternity is another Use Case that will increase the use of SHIB more usefully and gradually move beyond being just Meme Coin because it has started to have more and more connected ecosystems. However, we still don’t know how much of a buzz making a game right now after the NFT Game market collapses. Therefore, this investment may require extra caution.
Article written by Khun Ok Preit Boonluen, Senior Researcher – Cryptomind Advisory
Compiled by Bitcoin Addic Team