Locking System Available In Metaverse Of Shiba Inu Token
Everything About The SHIB INU Metaverse : Step By Step Guide To Shiberse
Shiba Inu dives into the metaverse, with plans to auction off plots of ‘Shiba Lands’ soon
The Shiba Inu community (SHIB), was thrilled to hear that the developers of the dog-themed cryptocurrency, SHIB: The Metaverse, had announced details about its virtual reality project.
This initiative is part of an effort to prove that Shiba Inu is not a meme coin. It is a title given to cryptocurrencies made out of internet jokes. Despite all the excitement surrounding the launch of SHIB Metaverse: Shiberse, very few people are familiar with the project.
This article will provide a critical overview of the new Shiba Inu project.
What is Shiberse: The Metaverse of Shiba Inu?
According to the project’s team, SHIB, The Metaverse, a project that displays virtually everything about the Shiba Inu including its history, SHIB: The Metaverse.
This initiative presents a virtual representation, using stunning visuals, of the history of the Shiba Inu. It also creates a home to the SHIBArmy(a name given by supporters of the project).
As new phases are revealed, the entire Shiba Inu ecosystem will be deployed in metaverse. Each token will play an integral part. The metaverse will be $SHIB, $LEASH, $BONE, and the future play-to-earn (P2E) game in Shiba Ecosystem.
The Shiba Inu team made it clear that they will be partnering up with AAA Game Developer Studio in order to raise funds for the development of the metaverse.
Projects in Shiba Inu Metaverse
Shiba Inu currently has 100,595 plots of land. The SHIBArmy will have the opportunity to be a part “immersive Shiba inspired environment” by being able to release plots in stages.
The project team does not plan to release all plots to the community. Some of them will remain private and will be used for “common grounds” to create avenues, boulevards and hubs.
Allocation of Land Lots
The Shiba Inu team claims that the land will be divided into phases, starting with the “Introductory” Stage.
The public will have access to 36,431 plots in the Introductory Stage. As shown below, the plots will be divided into four tiers.
Tier 1 (Diamond Teeth) : 2,024 plots
Tier 2 (Platinum Paw) : 5,714 plots
Tier 3 (Gold Tail) : 7,356 plots
Tier 4 (Silver Fur) : 17,030 plots
Private hubs: 4,307.
Prices for Land
According to the information published yesterday, prices for plots of land differ depending on which tier you are interested. Contrary to popular belief, developers chose Ethereum (ETH), rather than any of the Shiba Inu Native Coins, to price land.
This move is intended to protect native Shiba Inu cryptocurrencies from any potential downside risks. The team plans to convert large amounts of funds raised through the auction to stable coin to pay all parties.
The price pricing details for the plot show that the minimum price is set at each tier.
Tier 1 (Diamond Teeth) : 1 Ethereum
Tier 2 (Platinum Paw) :0.5 ETH
Tier 3 (Gold Tail) : 0.3 Ethereum
Tier 4 (Silver Fur) : 0.2 Ethereum
Benefits of Owning Land in the SHIB Metaverse
The SHIB virtual world offers many exciting opportunities for land ownership.
- Landowners have the opportunity to be part of the Shiba Inu success tale.
- A variety of strategies can be used to generate passive and active revenue.
- A unique opportunity to develop and implement personal projects in an ecosystem.
- The ecosystem will offer landowners special privileges and features.
- Your name will be displayed on your parcel of land, increasing brand awareness
How to Gain gain access?
Developers noted that you can access the metaverse project and other future projects via its new domain .
The community is advised to be careful when visiting the website to avoid visiting a fake domain that could result in phishing attacks.
The process of joining the Upcoming Land Bids
To make it possible for people to buy land in the metaverse, the Shiba Inu team chose to adopt three stages.
- Bid Event
To join the process to acquire a plot in the SHIB: The Metaverse, you will need to lock your $LEASH token (or Shiboshi non fungible token) in a new locker tool that has been created on the official website.
The assets will remain locked for at least 45 days. The bid will last for 72 hours (3 days). An interactive map can be used to locate the plots you choose and then place your bids in ETH.
You will immediately receive the funds from your wallet. Once you have received your offer, you can start to make the plot. If another user bids on your offer, the funds will be deducted from your wallet and returned to you.
- Holders’ Event
This phase rewards loyal LEASH and Shiboshi owners who were unable to take part in the bid event. This phase will begin immediately following the end of the bid event and last seven days.
The official locker will allow you to purchase the remaining land plots that have not been sold in the initial stage if you lock your LEASH or Shiboshi.
- Public Sale
This stage allows people who are unable to join the first two phases due to their inability to own LEASH or Shiboshi to buy the remaining plots up until the end of the second event.
Anyone can purchase the land at the above-mentioned fixed prices to complete this process.
Shiba Inu announced that it would distribute 3% of the proceeds from land sales events to all $LEASH lockers that participate in the first two phases.
The unlock period will see the rewards distributed in the BONE token.
Programs Shiboshi & LEASH Locker
Shiba Inu is not going to delay in selling the virtual reality land. It has already opened the lock system for LEASH and Shiboshi. Holders of the Shiboshi or LEASH lockers can lock their assets for a specified period to be eligible to participate in any upcoming land sale.
This article explains that investors who have participated in the LEASH or Shiboshi locker programs will be eligible for the bid and holder phases of the land auction.
Investors interested in the first two events at SHIB: The Metaverse locking mechanism, the minimum LEASH that you can lock is 0.02 and the maximum is 5.
Shiboshi owners will need to lock at minimum 1 Shiboshi token and maximum 10 Shiba Inu non fungible tokens.
Noting that you have to lock as many LEASH and Shiboshi keys as possible will affect the number of plots you can bid on.
Investors who wish to participate in the first two events must also leave their Shiboshi or LEASH locked for at least 45 days, and maximum 90 days.
After you have successfully locked your assets you can use the map on the platform to place a bid using Ethereum during your first sale event.
Stay Tuned for more updates. Follow FUFI Community for more updates.
