The meme coin industry began with Dogecoin. It was then followed by Shiba Inu. These coins created a separate fan base, niche and community in the industry.
Now, a new contender, Shiba Shootout, is trying to become the next big dog-themed meme coin.
Here’s how the team behind the project plans to achieve this.
Current Performance of Dogecoin and Shiba Inu
Dogecoin and Shiba Inu have had amazing runs in 2021. However, their recent performances have shown some struggles (to say the least).
Dogecoin started as a pure joke but quickly gained a massive following. DOGE reached an all-time high of around $0.74 in May 2021. However, it has struggled to break this level in the current bull run.
Similarly, Shiba Inu hit $0.00008 all-time-high in 2021. However, the SHIB price performance is also not great; it lost $0.00002 support zone, so the price is now over 4x away from its previous ATH.
So, their recent struggles have left room for new meme coins (like Shiba Shootout) to enter the market.
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Jump in the fun! 🚀 https://t.co/jCeu7XMBqR pic.twitter.com/Zz17L82gsj
— shibashootout (@shibashootout) June 17, 2024
Shiba Shootout in a nutshell
Shiba Shootout is a meme coin inspired by the Wild West.
The project is combining elements of creativity, strategy, and community engagement with a cowboy theme. Native token is called $SHIBASHOOT. The token offers high-stakes rewards and various interactive features.
The primary character of Shiba Shootout is Marshal Shiba. He is the quick-witted leader of the community. Alongside him are the Shiba Sharpshooters. Shiba Sharpshooters are crypto enthusiasts who contribute to the community through meme creation and participation in events.
The main hub of Shiba Shootout is Shiba Gulch. This is the central hub where community members gather for events, challenges, and the excitement of the showdown.
Shiba Shootout offers a staking reward rate of over 2,000% for holders of $SHIBASHOOT tokens. This process is visualized as a digital cactus. As you earn rewards, the cactus grows and this means that the longer you stake, the cactus will be bigger. Therefore, Shiba Shootout’s staking is symbolically called “cactus staking”.
The project also hosts different activities such as Posse Rewards, Campfire Stories, and Token Governance Roundups.
Additionally, they have a lucky lottery system called Lucky Lasso Lotteries.
Shiba Shootout Roadmap and Tokenomics
Shiba Shootout has a clear and detailed roadmap outlining its plans for growth and development.
Roadmap:
- Phase 1: The initial phase focused on building a strong foundation. This includes the launch of the website and the presale (both successfully completed). Next, the team is planning listings on CoinGecko and CoinMarketCap. Additionally, they also plan to hit 1,000+ holders.
- Phase 2: Goals in this phase include reaching 5,000+ holders, launching a digital newsletter, forming a token-gated Discord group, and listing on centralized exchanges (CEX).
- Phase 3: The final phase involves launching $SHOOTOUT merchandise, establishing the $SHOOTOUT Academy and $SHOOTOUT Tools, and targeting Tier 1 exchange listings. The ultimate goal is to expand the community to 100,000+ holders.
Tokenomics:
- Presale: 35% (770 million tokens)
- Staking: 20% (440 million tokens)
- Project Funds: 10% (220 million tokens)
- Liquidity: 10% (220 million tokens)
- Marketing: 20% (440 million tokens)
- Rootin’ Tootin’ Shooter Fund: 5% (110 million tokens)
Conclusion
In the meme coin market, Shiba Shootout appears as a potential new competitor.
In just a few weeks, Shiba Shootout has raised more than $470,000 in their ongoing presale. This indicates that investors are taking notice of this brand-new meme coin.
The team has also planned for the CEX listing. If that happens, the token will gain more exposure and could potentially pump.
If you are interested in what Shiba Shootout is trying to do, now is the time to participate in their presale. Just make sure that you have a crypto wallet with ETH or USDT. Visit their website and connect your wallet to buy SHIBASHOOT tokens.
Join the Shiba Shootout Today!
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