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Shiba Inu Team Announces Prices For Its Upcoming Land Auction Bid for SHIB: The Metaverse 

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Bids for the Shiba Inu land auction are slated to commence soon, prices for plots revealed.



The Shiba Inu (SHIB) development team has teased that early access to the land auction for SHIB: The Metaverse, will commence this weekend. 

According to a recent announcement by the team, people who succeeded in locking the Shiboshi non-fungible token (NFT) and the LEASH token will be given early access to the land auction in the first stage named Bid Event. 

Early Access Land Bid Event Starting Soon! We are excited to announce that the drop is almost here. Have you locked your $LEASH or #SHIBOSHI yet? “Landing” this weekend, keep an eye on http://shib.io,” Shiba Inu said

 

Details About the Land Auction

SHIB: The Metaverse is a virtual reality project of Shiba Inu, where investors are given the opportunity to participate in the purchase of 100,595 plots of land. 

The land auction bidding process is expected to commence this week, with investors who succeeded in locking their Shiboshi and LEASH assets granted early access. 

It is worth noting that Shiba Inu launched its locker program for supported assets in a bid to allow investors to lock in supported assets. 

LEASH investors are required to lock in between 0.2 and 5 LEASH to gain early access, while Shiboshi holders need to lock in a minimum of 1 Shiboshi and a maximum of 10. 

Land Auction Price

The land allocation is categorized into different stages, with the introductory stage tipped to make available 36,431 plots of land. 

These plots of land are further divided into four tiers named Diamond Teeth, Platinum Paw, Gold Tail, and Silver Fur. 

The price of the plot of land ranges between 0.2 Ethereum and 1 Ethereum. 

According to MILKSHAKE the official growth member of the Shiba Inu team, the starting bid for the available plots in the introductory stage is set at 0.2 ETH for Silver Fur, 0.3 ETH for Golden Tail, 0.5 ETH for Platinum Paw, and 1 Ether for the Diamond Teeth tier. 

 

As stated by Shiba Inu, after the first auction event, the Bid Event, which will last for 72 hours, whatever plots are left will be made available for the second sale exercise, mainly for those who missed out on the first sale event. 

Mixed Reaction Trail Land Auction

For many Shiba Inu enthusiasts, the upcoming Inu land auction is one of the most anticipated events of the project. They see it as an opportunity to record huge gains by participating in the early stages of the land auction. 

However, the initiative has come under heavy scrutiny by many SHIB holders who are annoyed with the developers for not including the 15 largest cryptocurrencies by market capitalization in the land auction exercise. 

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

1 COMMENT

  1. You have everything right till the end. You should explain the other side of the coin for the reasons of why shins role has not advanced. It will. The shib team is evolving every part of the ecosystem getting all three coins involved. All three have duties. And then the team will build shib and the others further into the ecosystem with new purposes. I hold all three and understand the goals. The average shib holder dose not even know shibaswap exist or how to use it let alone stay up to date on all ecosystem as most shib holders don’t own any leash or bone.
    The purpose is to have a fully functioning ecosystem that all the coins have large parts in that complement the others utilities. Shib holders need to diversify into leash and bone hold all three and enjoy the ride

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