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- A new meme coin (SHIFU) is on the verge of hitting the Shiba Inu ecosystem as the team discloses the full details of the tokenomics.
- This meme coin is reported to be the “master of all,” with a total supply of 100,000,000,000.
A new meme coin, Shifu (SHIFU), is coming to the Shiba Shiba Inu (SHIB) ecosystem as the team unveils the tokenomics and a massive airdrop campaign. According to a report shared on X, the meme coin will be launched on both the Ethereum and Shibarium blockchains.
The report revealed that SHIFU would have a total supply of 100,000,000,000. Of this, 30,000,000,000 SHIFU (30% of the supply) would be allocated for community airdrop. In summary, 50% of the supply would be released at the Token Generation Event (TGE), while the remaining 50% would be released over four weeks.
According to the information, users who hold 100,000 SHIB tokens and 100 Bubble (BUBBLE) tokens would qualify for an airdrop that involves 22% of the SHIFU total supply. Additionally, holders of the Shib Games, Doge Killer (LEASH), Bone ShibaSwap (BONE), and Shiboshi & Sheboshi non-fungible tokens (NFTs) would be allocated 4% of the total supply.
Specifically, LEASH holders would receive 2%, BONE holders would receive 1%, and games and NFT holders would receive 0.5% each. Finally, 4% of the total supply would be distributed to Imaginary Ones Carnival participants and the NFT initiatives.
SHIFU, a groundbreaking partnership between Shiba and Imaginary Ones, is bringing an incredible airdrop exclusively for our loyal Shib community! 🌟 Here’s how the airdrop supply will be distributed:
22% Supply: Hold 100,000 $SHIB + 100 $BUBBLE to qualify. 4% Supply: Reserved… pic.twitter.com/4cp5UieUzs— Shib | TreatYourself Season (@Shibtoken) December 16, 2024
More About the SHIFU Tokenomics
Further analyzing the SHIFU tokenomics, we observed that 25% of the total supply would be used for liquidity on the various centralized and decentralized exchanges. 15% would be committed to the public presale. Meanwhile, the date for the public presale has not yet been announced.
Ten percent of the supply would also go to marketing, specifically partnerships and campaigns, while 20 percent would be reserved for Treasury to support the network’s long-term growth. According to reports, this project is being developed in partnership with Shiba Inu’s Shytoshi Kusama and Kaal Dhairya.
Recently, the project gained traction after Kusama responded to a tweet by a renowned crypto investor, Lark Davis, who has more than 1 million followers. Davis hinted that the Shiba Inu developers are introducing a new dog-themed coin and labeled it “The Master Of All.”
The devs behind $shib are bringing a new dog to crypto. SHIFU! The Master Of All! A legit meme coin launched by the second biggest meme coin by market cap and community in all of crypto! There will be an insane airdrop to holders of SHIB, BUBBLE, LEASH, and the IO NFT. The snapshot will be soon. Coming soon.
Meanwhile, SHIB is approaching its yearly high of $0.000033 as it trades at $0.000027 at press time. According to an analyst identified as Javon Marks, SHIB could surge by 180% to hit $0.000081 in the near term.
According to our research, on-chain data supports this bullish thesis. The total number of wallet addresses surpasses two million, and the total number of transactions processed has crossed 600 million.
