Shiba Eternity developers originally tested the waters in Vietnam The collectible card game turned out to be a big hit in the country, which prompted the team to significantly increase the capacity of gaming servers.
revenue used to burn SHIB tokens.
Lead developer Sytoshi Kusama made the announcement during a Twitter space about Shiba Eternity on September 25th.
SHIB army member @Dezaxe said on Twitter that Shiba Eternity burns will add to the Shibarium which ‘burns SHIB with each transaction’.
News of the burns has not yet rallied the Shiba Inu price, currently at $0.00001093.
It also asks the question – where does the rest of the revenue go?
Shiba Inu is well known as the biggest asset held by Ethereum whales, and one of the cryptocurrencies most concentrated in the hands of a few large holders. Santiment data showed how Shibu Inu whales were behind all of the SHIB price pumps in October – and they were also behind the later price crash.
So what if there was a token that gave more of the money back to small-to-medium holders?
EverGrow – 100% of app revenue sent to burn wallet
EverGrow has popped up attention for announcing 100% of app revenue will be sent to the burn address.
How does that work?
EverGrow is a reflection token that rewards its holders with 8% of every $EGC buy or sell. A further 2% goes towards a buyback and burn function.
In the 12 months since launch, EverGrow has burned through 53% of initial supply.
In the 16 months since Vitalik Buterin burned 41.02% of the SHIB supply, the burn address has only grown to 41.04% of initial supply.
This week, EverGrow launched the LunaSky NFT marketplace. They announced that not only will 100% of the marketplace revenue go towards buyback & burn, but the sales of 15,000 EverGrow NFTs too (the NFTs enter owners into a lottery for a car and cash prizes).
EverGrow can do this because the total EverGrow tax is 14% – 8% for BUSD rewards, 2% for buyback and burn, 2% for liquidity and 2% for development.
EverGrow developers build with the funds of this tax; there’s no need for any extra revenue.
EverGrow – anti-whale vision and mechanism
The EverGrow white paper talks about an anti-whale tax which limits selling to 0.125% of the circulating supply.
This mechanism alone would have stopped the immediate price drop after SHIB hit $0.00008 in Ocotber last year.
But the EverGrow vision goes further.
Many of the EverGrow lead team earn a salary solely in the BUSD rewards from holding a lot of EverGrow. In other words, EverGrow whales are incentivised to work on building EverGrow because price manipulation is not the way to make money in the ecosystem.
The buyback & burn revenue generated from the LunaSky NFT marketplace – and later a content subscription app, Crator – will also pay 8% as BUSD rewards for EverGrow holders.
So if LunaSky makes $1 million fees, that’s a $1 million buy on the price charts and $80,000 in all the holders’ wallets.
By comparison, if Shiba Eternity makes $1 million in ads or in-app purchases, that’s just $50,000 SHIB to the burn wallet.
EverGrow ecosystem will also burn more coins
More Shiba Inu coin burns will come once the Shibarium is live.
On the Shibarium blockchain, all transactions will come with a fee or tax that burns SHIB – the precise mechanism is still unknown.
EverGrow is instead making the case for a light-weight ecosystem built on the existing BNB Chain.
The EverGrow ecosystem token ‘Lucro’ launched in early September with a 1% transaction tax with 0.8% for burning EverGrow (and generating rewards) and 0.2% for development.
It means that EverGrow can have all the benefits of fast and low-cost blockchain technology with an ecosystem that keeps on burning its own coins.
It’s an interesting dynamic for investors to take note of. Just because Shiba Inu is launching a game and a blockchain doesn’t necessarily mean that SHIB is about to explode – if anything, it demonstrates that Shiba Inu can’t survive without any utility or ecosystem for it.
In the utility department, EverGrow is a clear rival.
Lead developer Sytoshi Kusama made the announcement during a Twitter space about Shiba Eternity on September 25th.
SHIB army member @Dezaxe said on Twitter that Shiba Eternity burns will add to the Shibarium which ‘burns SHIB with each transaction’.
News of the burns has not yet rallied the Shiba Inu price, currently at $0.00001093.
It also asks the question – where does the rest of the revenue go?
Shiba Inu is well known as the biggest asset held by Ethereum whales, and one of the cryptocurrencies most concentrated in the hands of a few large holders. Santiment data showed how Shibu Inu whales were behind all of the SHIB price pumps in October – and they were also behind the later price crash.
So what if there was a token that gave more of the money back to small-to-medium holders?
EverGrow – 100% of app revenue sent to burn wallet
EverGrow has popped up attention for announcing 100% of app revenue will be sent to the burn address.
How does that work?
EverGrow is a reflection token that rewards its holders with 8% of every $EGC buy or sell. A further 2% goes towards a buyback and burn function.
In the 12 months since launch, EverGrow has burned through 53% of initial supply.
In the 16 months since Vitalik Buterin burned 41.02% of the SHIB supply, the burn address has only grown to 41.04% of initial supply.
This week, EverGrow launched the LunaSky NFT marketplace. They announced that not only will 100% of the marketplace revenue go towards buyback & burn, but the sales of 15,000 EverGrow NFTs too (the NFTs enter owners into a lottery for a car and cash prizes).
EverGrow can do this because the total EverGrow tax is 14% – 8% for BUSD rewards, 2% for buyback and burn, 2% for liquidity and 2% for development.
EverGrow developers build with the funds of this tax; there’s no need for any extra revenue.
EverGrow – anti-whale vision and mechanism
The EverGrow white paper talks about an anti-whale tax which limits selling to 0.125% of the circulating supply.
This mechanism alone would have stopped the immediate price drop after SHIB hit $0.00008 in Ocotber last year.
But the EverGrow vision goes further.
Many of the EverGrow lead team earn a salary solely in the BUSD rewards from holding a lot of EverGrow. In other words, EverGrow whales are incentivised to work on building EverGrow because price manipulation is not the way to make money in the ecosystem.
The buyback & burn revenue generated from the LunaSky NFT marketplace – and later a content subscription app, Crator – will also pay 8% as BUSD rewards for EverGrow holders.
So if LunaSky makes $1 million fees, that’s a $1 million buy on the price charts and $80,000 in all the holders’ wallets.
By comparison, if Shiba Eternity makes $1 million in ads or in-app purchases, that’s just $50,000 SHIB to the burn wallet.
EverGrow ecosystem will also burn more coins
More Shiba Inu coin burns will come once the Shibarium is live.
On the Shibarium blockchain, all transactions will come with a fee or tax that burns SHIB – the precise mechanism is still unknown.
EverGrow is instead making the case for a light-weight ecosystem built on the existing BNB Chain.
The EverGrow ecosystem token ‘Lucro’ launched in early September with a 1% transaction tax with 0.8% for burning EverGrow (and generating rewards) and 0.2% for development.
It means that EverGrow can have all the benefits of fast and low-cost blockchain technology with an ecosystem that keeps on burning its own coins.
It’s an interesting dynamic for investors to take note of. Just because Shiba Inu is launching a game and a blockchain doesn’t necessarily mean that SHIB is about to explode – if anything, it demonstrates that Shiba Inu can’t survive without any utility or ecosystem for it.
In the utility department, EverGrow is a clear rival.
EverGrow has already paid out $38 million in BUSD rewards to become the top BUSD reflection token in crypto, and it’s burned through more supply that SHIB in half the time.
EverGrow is surely one to watch when its own gaming metaverse – The Abstract cloud-stream VR arcade – goes live in Q4.
EverGrow is surely one to watch when its own gaming metaverse – The Abstract cloud-stream VR arcade – goes live in Q4.
Shiba Eternity, from Shiba Inu and PlaySide Studios, has seen extremely high download figures on its first day of release and has even made it into the top 20 games on Apple's App Store, coming in 19th place. Unfortunately, it is impossible to know the exact number of downloads of the game on the App Store, but according to its Android counterpart, Google Play, Shiba Eternity has been downloaded more than 10,000 times in its very first day.
Shiba Eternity is a card strategy game similar in mechanics to the global bestseller Hearthstone. While Shiba Eternity is free to download and play, it does include paid content in the form of packs and special items. According to the copyright data, the game has been in development since 2020, hinting at its presence in the plans of the Shiba Inu development team since the project's inception.
Importantly, the game may be introducing a SHIB burning mechanism, which should rock the process a bit. It is not yet known how the burning will happen, but based on previous reports from the developers of Shiba Inu, the issue is on the agenda.
Shiba Eternity is a card strategy game similar in mechanics to the global bestseller Hearthstone. While Shiba Eternity is free to download and play, it does include paid content in the form of packs and special items. According to the copyright data, the game has been in development since 2020, hinting at its presence in the plans of the Shiba Inu development team since the project's inception.
Importantly, the game may be introducing a SHIB burning mechanism, which should rock the process a bit. It is not yet known how the burning will happen, but based on previous reports from the developers of Shiba Inu, the issue is on the agenda.
The multiverse of SHIB projects
Shiba Eternity is not the last gaming and entertainment project Shiba Inu has in store. Some of the team's energies are also focused on creating its own metaverse, SHIB: The Metaverse. Shiba Inu is actively recruiting figures from the film and entertainment industry to work on this project, be they producers or technicians who have worked on Marvel and Netflix products.
Shiba Eternity is not the last gaming and entertainment project Shiba Inu has in store. Some of the team's energies are also focused on creating its own metaverse, SHIB: The Metaverse. Shiba Inu is actively recruiting figures from the film and entertainment industry to work on this project, be they producers or technicians who have worked on Marvel and Netflix products.
The Shiba Inu price might be on the verge of a move as the RSI indicator is attempting a move beyond the 50 neutral levels. On its daily chart, SHIB has been moving in a range since Sept. 25, after bulls failed in an attempt to breach above the $0.000012 barrier.
The SHIB price is up 3.42% in the past week, showing little progress made by the bulls in their attempt
The SHIB price is up 3.42% in the past week, showing little progress made by the bulls in their attempt
CoinMarketCap
Shiba Inu price today, SHIB to USD live price, marketcap and chart | CoinMarketCap
The live Shiba Inu price today is $0.00002413 USD with a 24-hour trading volume of $1,747,583,177.26 USD. We update our SHIB to USD price in real-time.
3.7 Trillion SHIB Moved to Exchanges This Week as SHIB Game Soars to Top 20 in App Store
Shiba Inu and Dogecoin are coins that made good progress in the past few days. The recently launched Shiba Eternity Game is already becoming one of the most discussed Shiba Inu products. The gaming product was launched globally a few days ago after successful trials in Vietnam and Australia. The Shiba Eternity gaming product is already experiencing rapid growth in the number of downloads, and this is expected to increase in the coming days. This adoption is expected to have a significant impact on the Shiba Inu (SHIB) price growth in the coming days. Crypto experts project that as the Eternity Game gets down and millions of fans start playing it, the demand for $SHIB is going to skyrocket. This is one way that $ the SHIB price will start rising. Note that this gaming product is just one of the many key products that the Shiba Inu team is working on. The Shiberse and the Shibarium are other key products that will explode the Shiba Inu price performance due to their mass adoption.
SHIBA ETERNITY GAME TO SKYROCKET SHIBA INU PRICE AS DOGECOIN TRADING VOLUMES RISE