The Shiba Inu token ($SHIB) has taken the cryptocurrency world by storm, and its popularity has shown no signs of slowing down. With the recent announcement of the $SHIB Metaverse, the Shiba Inu team is once again making headlines. In this article, we will discuss seven facts about the $SHIB Metaverse that you need to know.
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- Seven Facts About the $SHIB Metaverse
Seven Facts About the $SHIB Metaverse
The Shiba Inu team has recently announced the launch of the $SHIB Metaverse, which will allow users to purchase virtual land and earn rewards.
Now we will see the seven important facts that you need to know about the $SHIB Metaverse:
The $SHIB Metaverse and Its Official Website
The $SHIB Metaverse will be the official website for the metaverse and “future expansion” of all of the Shiba Inu team’s “current projects.” The website will serve as the platform for the virtual land sale and will allow users to purchase, sell, and trade their virtual land.
The Size of the $SHIB Metaverse
The $SHIB Metaverse will “consist of 100,595 plots of land,” 36,431 of which will become unlocked and available for purchase during the introductory phase of the metaverse. These 36,431 plots of land will be in one of four districts: Growth, Defense, Technology, and Currencies.
Districts and Pricing Tiers
The $SHIB Metaverse will have four pricing tiers: “silver fur” (0.2 $ETH); “gold tail” (0.3 $ETH), “platinum paw” (0.5 $ETH); and “diamond teeth” (1 $ETH). The pricing tiers will correspond to the four districts of the metaverse.
The Reward for Those Involved in the Development of the Metaverse
The Shiba Inu team has kept 15 plots of land as a reward for “those highly involved in the current and future MV development.”
The Digital Currency Used for Land Purchases
The digital currency used to purchase land in the $SHIB metaverse will be $ETH, which is the native cryptocurrency of the Ethereum network. The reason for this is that the collected funds from the land sales will be converted into stablecoins, which will then be used to pay for the development of the metaverse. The Shiba Inu team did not want people to use tokens from the Shiba Inu ecosystem, such as $SHIB, $BONE, or $LEASH, to purchase land, as they were concerned that this would cause the prices of these tokens to go down. Therefore, they decided to use $ETH as the primary currency for the land sale.
Generating Passive Income and Burning $SHIB
Another interesting fact about the $SHIB Metaverse is that landowners will have the opportunity to generate passive income, gather in-game resources, and generate rewards. This creates an incentive for players to participate actively in the metaverse and stay engaged.
Additionally, when landowners rename their plots of land, $SHIB tokens will be burnt. This means that a certain amount of tokens will be permanently removed from circulation, which can have a positive impact on the token’s value. This burning mechanism is a way to incentivize the purchase of land and to increase the token’s scarcity.
As the $SHIB Metaverse expands and attracts more players, it will be interesting to see how the burning mechanism and passive income generation affect the overall value of the $SHIB token.
The Land Sale Process
The $SHIB metaverse land plots will be sold in three stages: Bid Event, Holder Event, and Public Sale.
The Bid Event will last for three days (72 hours), and during this time, you will need to lock your $LEASH tokens or Shiboshis NFTs via a tool on the official website. Once you have submitted your bid, you will not be able to cancel it unless someone else outbids you. At the end of the Bid Event, the highest bidder will be granted ownership of the land. The acknowledged owner will be able to mint the plot/s as soon as the timer comes to an end.
The Holder Event will last for seven days, and it is another opportunity for holders of $LEASH and Shiboshis NFTs to lock them to purchase land without a bidding mechanism. This time it will be done on a first-come, first-served basis.
The Public Sale will last for ten days, during which anyone will be able to purchase the remaining available land plots on the map at a fixed price without the need to lock any ecosystem assets. Potential buyers will be able to pick their asset limits and amounts to lock via a tool on the official website. The minimum amount to lock is 0.2 $LEASH or 1 Shiboshi, and the maximum is 5 $LEASH or 10 Shiboshis. The time to lock ranges from 45 to 90 days.
It is important to note that you will need to set up, configure, and use a Metamask wallet to participate in the land sale process.
In conclusion, the Shiba Inu Metaverse is an exciting platform that promises to revolutionize the gaming and cryptocurrency industries. With the land sale underway, investors have a unique opportunity to own a piece of the digital world and shape its future. Don’t miss out on this opportunity; participate in the land sale today!
Q1. What is the $SHIB Metaverse?
The $SHIB Metaverse is a virtual world built on the blockchain where users can buy, sell, and build on virtual land.
Q2. What is the official website for the $SHIB Metaverse?
The official website for the $SHIB Metaverse is currently under development and will be announced soon.
Q3. How many plots of land will be available for purchase during the introductory phase of the metaverse?
The exact number of plots of land that will be available during the introductory phase of the $SHIB Metaverse has not been announced yet.
Q4. What are the pricing tiers for the $SHIB Metaverse land?
The pricing tiers for the $SHIB Metaverse land have not been announced yet, but they are expected to be released closer to the launch of the metaverse.
Q5. What is the reward for those involved in the development of the metaverse?
Those involved in the development of the $SHIB Metaverse will receive a percentage of the profits generated by land sales and transactions within the metaverse.
Q6. What digital currency will be used to pay for the $SHIB Metaverse land?
The digital currency used to pay for the $SHIB Metaverse land will be $SHIB, the native currency of the $SHIB token.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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