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Shiba Inu team alerts community on upcoming NFT launch

TL;DR

  • The Shiba Inu team has warned its community about the upcoming launch of “The SHEboshis” NFT collection to prevent scams.
  • Lucie, the Shiba Inu marketing specialist, clarified that the anticipated SHEboshi NFTs have not yet been launched.
  • The SHEboshi collection, utilizing ERC-404 tokens, aims to honor women and enhance the Shiba Inu ecosystem.

The Shiba Inu ecosystem team recently issued an important alert to its community members as anticipation builds for introducing a new project. In a statement made by Lucie, the marketing specialist for Shiba Inu, it was clarified that the much-anticipated project known as “The SHEboshis,” a collection of ERC-404 tokens and NFTs, has not yet been launched. This announcement comes as a proactive measure to safeguard the community against fraudulent schemes that have become increasingly prevalent.

Lucie’s warning highlights the importance of vigilance among Shiba Inu enthusiasts, advising them to avoid potential scams related to the SHEboshis. The initiative is set to allow existing Shiboshi holders to mint SHEboshis without cost upon its official launch. This pre-emptive communication is part of a broader effort by the Shiba Inu team to combat the growing threat of scammers who exploit new developments within the ecosystem to deceive unwary investors.

SHEboshi NFTs: A new chapter in the Shiba Inu saga

The SHEboshi NFT collection represents a significant addition to the SHIB ecosystem, designed to honor women and complement the existing Shiboshi collectibles. Utilizing the ERC-404 Ethereum token standard, the community eagerly awaits the launch of SHEboshi, with expectations set for its debut this weekend. Introducing this NFT collection is a milestone for the community and a strategic move to enhance the Shiba Inu ecosystem’s value and engagement.

Upon the launch, select Shiboshi holders will have the exclusive opportunity to mint SHEboshi NFTs at no cost for 72 hours. After this window, LEASH token holders will be allowed to mint the remaining NFTs for one day. After the minting phase, the SHEboshis will become available for trading on platforms such as Uniswap and ShibaSwap, facilitating broader access and liquidity for these unique digital assets.

Strategic allocation of SHEboshi proceeds

The Shiba Inu team has outlined a comprehensive plan for allocating proceeds from the SHEboshi NFT sales, aiming to benefit the ecosystem and its stakeholders significantly. According to the latest edition of Shib Magazine, the revenue generated from SHEboshi sales will be evenly split, with 50% dedicated to burning SHIB ecosystem tokens—SHIB, LEASH, BONE, and the forthcoming Shi and TREAT tokens. This token burn strategy is poised to reduce the supply of these tokens, potentially increasing their value over time.

The remaining proceeds from SHEboshi sales will be distributed across various segments within the Shiba Inu ecosystem. Forty percent of the first half will support the development team, the foundation, and nonprofit initiatives, ensuring sustained growth and contribution to societal causes. The second half of the proceeds are earmarked for treasury and operational expenses, underscoring the team’s commitment to financial sustainability and the long-term success of the Shiba Inu project.

The Shiba Inu team’s latest advisory underscores their dedication to safeguarding the community and ensuring a secure environment for the upcoming SHEboshi launch. This new experiment within the Shiba Inu ecosystem celebrates diversity and inclusion and presents a strategic opportunity for growth and value creation. As the community awaits the official release, the emphasis on vigilance and the detailed allocation plan for SHEboshi proceeds reflect the team’s thoughtful approach to expanding the Shiba Inu universe while maintaining a strong focus on security and sustainability.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Mutuma Maxwell

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

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