The team behind the Shiba Inu ecosystem has issued a new message as members of the Shiba Inu community anticipate the launch of a new experiment.
In a recent tweet, Shiba Inu’s marketing specialist Lucie emphasized that the highly anticipated experiment dubbed “The SHEboshis,” ERC-404 tokens/NFTs has not yet been launched.
She warned the Shiba Inu community to avoid getting scammed as SHEboshis can be minted for free by existing Shiboshi holders when it eventually goes live.
#SHEBOSHIS are 404 ERC tokens NOT LAUNCHED YET – FREE TO CLAIM FOR SHIBOSHIS HOLDERS.
Do not get scammed!
— 𝐋𝐔𝐂𝐈𝐄 | Shibarium ⛓️ (@LucieSHIB) February 15, 2024
Moves to Protect Shiba Inu Holders
The message marks the latest warning from the Shiba Inu team to community members. Notably, scammers have been devising new tactics daily to steal funds from unsuspecting investors.
These illicit actors usually take advantage of new initiatives within the Shiba Inu ecosystem to defraud users. With the team preparing to launch SHEboshis, Lucie deemed it necessary to issue the warning to protect Shiba Inu community members from falling prey to scammers.
Anticipation for SHEboshi Soars
Meanwhile, the Shiba Inu community eagerly anticipates the launch of SHEboshi, an NFT collection designed to celebrate women and act as a companion to the existing Shiboshi collectibles.
The collectible, which will leverage the ERC-404 Ethereum token standard, is expected to launch this weekend. Once it goes live, selected Shiboshi holders can mint some of the NFTs at zero cost for 72 hours.
After the 72-hour timeframe, LEASH holders will be the next in line to mint the NFT collections, with the exercise expected to last for one day. Subsequently, the remaining SHEboshis will be tradeable on Uniswap and ShibaSwap.
How SHEboshi Will Burn Shiba Inu Tokens
Interestingly, a portion of SHEboshi NFT proceeds will be used to burn Shiba Inu ecosystem tokens, SHIB, LEASH, BONE, and the upcoming Shi and TREAT tokens.
As detailed in the latest edition of Shib Magazine, SHEboshi proceeds will be divided into two equal parts, 50% each.
From the first 50%, 10% will burn Shiba Inu tokens (6% SHIB, 1% BONE, 1% LEASH, 1% SHI, and 1% TREAT). The remaining 40% will be allocated as follows: 15% to the team, 15% to the foundation, and 10% to nonprofit initiatives. Notably, the remaining 50% will be allocated to treasury and expenses.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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