What Is ShibaNFT (ShibaNFT)?
ShibaNFT is a cryptocurrency built on the XRPL with the goal of dominating the NFT space. The team strongly believes in the XRPL network and its fast transaction times, zero gas fees, and energy efficiency. The founders, Stephen and Jordan, have a passion for the XRPL and combined experience in developing NFT collections, running social media platforms, and gaining brand ambassadors. ShibaNFT tokens are currently available on several exchanges, including Cointiger, Indoex, Xumm DEX trade, and SWFT Blockchain, with more exchanges coming soon. Currently, all NFTs are listed on the Solo marketplace, but ShibaNFT plans to build its own NFT marketplace where users can purchase NFTs with ShibaNFT. The utility of the token is currently in the form of payment for merchandise in the ShibaNFT store and for bidding in NFT auctions on the official Telegram group. In the future, ShibaNFT will be used for the minting process on their own marketplace, and the tokens used will be burnt to benefit the ecosystem by decreasing the max supply.
Who Are the Founders of ShibaNFT?
The founders of ShibaNFT are Stephen Butcher and Jordan Gander, both based in the UK. Stephen has a strong passion for the XRPL and NFTs, and has served overseas for the British army in the infantry division. Jordan has worked in the fire and security industry for many years and has a strong following within the community for his knowledge of the space and approachable nature.
What Makes ShibaNFT Unique?
ShibaNFT is unique for several reasons:
Built on the XRPL: ShibaNFT is built on the XRPL, which is known for its speed, efficiency, and security. The XRPL allows for lightning-fast transactions with zero gas fees, making it an ideal platform for NFTs.
Focus on NFTs: ShibaNFT is dedicated to dominating the up-and-coming XRPL NFT market. They have a range of unique NFTs available, created by some of the best artists and designers in the space.
Unique Marketplace: ShibaNFT is creating a unique NFT marketplace on their website, where they will mint and sell their own collections, as well as those of digital artists. This marketplace will allow for seamless functionality for NFTs.
Merchandise: ShibaNFT has a range of merchandise available for purchase with their token, including t-shirts, hats, and other accessories.
Community-Focused: ShibaNFT is committed to building a strong community of meme and art lovers from around the world. They engage with their community through social media, promotions, and giveaways.
Token Utility: ShibaNFT has a dual utility, with its token being used for payments, bidding on NFT auctions, and will be used in the minting process for their upcoming marketplace. They are also exploring ways to further utilize their token in the future.
Tokenomics
Here are the tokenomics of ShibaNFT:
Token Name: ShibaNFT
Token Network: XRPL (XRP Ledger)
Max Supply: 900 trillion tokens
Market Supply: 500 trillion tokens
Public Airdrops/Giveaways: 450 trillion tokens
Escrow: 100 trillion tokens (to be used in the future with the help of the community through a vote)
Staff and Marketing: 151 trillion tokens
Partnerships: 50 trillion tokens
Dex/Exchange Liquidity: 50 trillion tokens
The team holds a total of 33 trillion tokens each, and 10% of the NFT collection sales go to charity. The remaining tokens are being used for various purposes to build and promote the ShibaNFT brand, such as marketing, partnerships, and liquidity.
ShibaNFT tokens are used for various purposes, including as a form of payment in the merchandise store, for bidding in NFT auctions, and for the minting process of NFTs on their upcoming marketplace. Tokens used for the minting process are burned, reducing the max supply and benefiting the ecosystem.
What purpose does ShibaNFT (ShibaNFT) serve?
ShibaNFT serves as a utility token for the ShibaNFT platform, which is a marketplace for buying, selling, and trading non-fungible tokens (NFTs) on the XRPL network. The token is also used as a means of payment for merchandise available on the ShibaNFT platform. In addition, the token is used for the minting and burning of NFTs on the platform, as well as for bidding on NFT auctions. The platform aims to create a unique NFT market for artists and meme creators, and to bring crypto and NFTs to the masses through education and exposure on social media channels. ShibaNFT also aims to become a global NFT creator on the XRPL network.
