Wednesday, December 8, 2021
Home Crypto News ICO/IDO/IEO SHIBLITE NFT, the next SHIBA Family hits Coinstore

SHIBLITE NFT, the next SHIBA Family hits Coinstore

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What is Shiba Lite?

Shiba Lite, a community driven meme token, inspired and adapted from Shiba Inu, the most popular and highly traded Shiba dog meme token. Developed to be the next most popular meme token like Shiba Inu, Shiba Lite focuses on providing better and improved services — faster transactions and lower transaction fees.

The star of Shiba Lite’s platform, a decentralized NFT Lite Launchpad and a wallet application for purchasing and selling of NFTs are currently in works for full integration into their platform. The NFT Lite Launchpad will allow NFT creations of all types, encouraging any artists to create NFTs on dApps for larger NFT adoption. Every month, proceeds from the NFT Lite Launchpad will be donated to different charities chosen by the community.

SHIBLITE Token Overview

Total Supply: 1,000,000,000,000,000

Transaction Tax: 7% (3% distributed to SHIBLITE hodlers through ‘reflections’, 2% goes to the liquidity pool, 1% burnt, 1% for marketing & development)

Market Cap: $6,388,812

Launch Date: 2 November 2021

Coinstore Listing: 18 November 2021, 18:00 (UTC+8)

Deposit Opens: 17 November 2021, 13:00 (UTC+8)

Withdrawal Opens: 22 November 2021, 13:00 (UTC+8)

Token Utility of SHIBLITE

SHIBLITE, the native token of a Shiba Lite, is the unit of exchange on Shiba Lite and are designed to automatically reward SHIBLITE holders through 3% reflections written in their smart contract. The launch of the NFT Lite Launchpad creates greater utility for SHIBLITE as SHIBLITE are used to buy, sell and create NFTs. Users who stake an NFT on Lite Launch will be rewarded with SHIBLITE.

At the time of writing, each SHIBLITE token is valued at 0.0000000146~ USDT. With Shiba Lite’s excellent product services and unique platform functions, SHIBLITE has many utilities and is expected to have great potential and achieve extensive uptake and traction globally.

A Closer Look at SHIBLITE’s Tokenomics

SHIBLITE’s total token supply is 1,000,000,000,000,000, with 3% of each SHIBLITE transaction ‘reflected’ and distributed to SHIBLITE’s holders. SHIBLITE’s tokenomics are as such:

  • 60% tokens are burnt initially
  • 39% tokens are used for liquidity to SHIBLITE holders (locked for 2 years)
  • 1% tokens are used for marketing and platform development

For every transaction, 3% are ‘reflected’ back to users as rewards. Tokens and funds in the development and marketing wallet funds are used for social media marketing to increase SHIBLITE adoption.

SHIBLITE’s Upcoming Project Plans

Lined up in Shiba Lite’s project plan, Shiba Lite plans to mint 50 exclusive Shiba Lite NFTs on Opensea’s NFT marketplace. Shiba Lite’s team is fully focused on creating their NFT Lite Launchpad, and the Beta Testing rounds are expected to complete at the end of Quarter 2, 2022, (or even earlier). Concurrently, their Shiba Lite Wallet—Wallite, is also under development for full integration into the LiteLaunch platform.

Through a Shiba Lite community initiative, the community has voted for a 20,000,000,000,000 SHIBLITE token burn as a celebration for SHIBLITE’s token listing on Coinstore. For a total of 4 weeks, Shiba Lite will be releasing 100 exclusive NFTs every Wednesday on https://tofunft.com/collection/lite-guys/items. Very soon, Coinstore Exchange will also be launching their own NFT marketplace, and users will be able to purchase and sell NFTs directly on their platform.

SHIBLITE’s Official Channels

Website: https://www.shiblite.com/

Telegram: https://t.me/shiblite

Twitter: https://twitter.com/ShibLite

Get $SHIBLITE on Coinstore: https://www.coinstore.com/#/spot/SHIBLITEUSDT

Download the Coinstore app: https://www.coinstore.com

About Coinstore

Coinstore’s goal is to advance the crypto industry to the next level and provide access to popular digital assets to the mainstream public. Encompassing a whole new concept of “fun” in finance, Coinstore plans to make digital assets available for everyone. Still in the early stages, Coinstore welcomes community members and interested influencer partners to collaborate in the up-and-coming stages.

Media Contact:

Charles Tan, Marketing Head, Coinstore

[email protected]

Liu Yi Yun, Branding Executive, Coinstore

[email protected]

Coinstore Social Media:

Twitter: https://twitter.com/coinstore_en

Telegram Discussion Grouphttps://t.me/coinstore_english

Telegram Announcement Channelhttps://t.me/coinstore_global

Facebook: https://www.facebook.com/coinstore.en/

Website: https://www.coinstore.com

Discord: https://discord.gg/KKHtHa4KPX

Instagram: https://instagram.com/coinstore_exchange

Youtube: https://www.youtube.com/channel/UCHu0m61HHuDftQVE_0jHaYA/videos

 

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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