The Bitshiba team launches their no-minting fixed-supply token $SHIBA. Unlikey majority of the names such as BTC, Bitshiba won’t require minting, as every token that will ever exist will already been created, in saying of the team
Users are welcome to a listing voting session codenamed Kickstarter with free airdrops between 03:00, February 16, 2022, to 10:50, on the same day
Votes will be done with $SHIBA to vote in favour of getting $SHIBA listed
The team went further to explain that “50% of all BitShiba tokens were added directly to liquidity on Pancakeswap and the remaining 50% were intentionally destroyed forever by sending them to the 0x000… burn address. DEX Liquidity is locked until 2099. The BitShiba community controls 100% of all tokens.”
While explaining the rationale behind the voting exercise, the team noted that it is excited to launch a session of Kickstarter, a listing campaign initiated by the project team before launch where users can stake tokens to vote towards a predetermined goal.
Once the team hits the goal, the listing process will start and free token airdrops will be arranged for participating users prior to the listing.”
SHIBA is a community-owned token with 1,000,000,000,000,000 tokens. 50% of the total supply will be added to liquidity pool and locked forever while another 500 trillion tokens, representing the other 50%, will be burned.
How to Join Kickstarter
Your spending power and the amount of $SHIBS you can own is a function of your Spot Wallet’s balance at the snapshot time.
According to the team, the tokens used for voting will be locked temporarily while the event lasts. They will be unlocked shortly after the event’s conclusions while users have unlimited voting chances before the end of the voting period.
Within an hour of the voting, participants will receive airdrop rewards distributed proportionally according to the total votes.
Participants should note that participating in the Kickstarter event is free. However, they must complete the Know Your Customer verification exercise before the event ends, a requirement for eligibility for the rewards.
The team will announce the listing details separately. The targeting voting rate is 500% and the voting rate is calculated as Total votes/total value of rewards.
Only projects that hit the 500% voting rate will be listed.
