On a mission to build another cryptocurrency icon next to Ethereum’s Shiba Inu, A SHIB enters the scene as one of the first three tokens on the Cardano network. Furthermore, A SHIB will be officially the first shib token on the ADA network, and it is planning to hit the market in the coming months. A SHIB aims to be as successful, if not even more, as the flagship meme token on the Ethereum network. A SHIP will be using low gas fees and Cardano’s Extended UTXO model to rapidly gain traction in the industry.
A SHIB will be dropping a total supply of 1 trillion tokens, which is significantly less compared to Ethereum’s Shiba Inu, which currently has 589 trillion tokens. But the founders are optimistic that the initial supply will be enough to conquer the Cardano landscape.
A SHIB is currently holding a limited-time presale on its website, making the first ADA shib token available for swapping. The token will also be launching multiple NFT projects in the following weeks, which will be accepting A SHIB as payments. This encourages more cryptocurrency miners and NFT enthusiasts to get hold of as many A SHIB tokens as they can.
Next on its roadmap, A SHIP will enter the DEX and CEX listings—the date of which is yet to be revealed by the founders, but the initiative is quickly generating a buzz, as there are currently no live DEXs on the Cardano network.
ASHIB currently plans to continue its public sale through its exchange page until the DEXs are live. When they are, the token will use some of the ADA it has received through the public sale to create an ADA or ASHIB liquidity pair.
“We have allocated a significant portion of our tokens to Community Ideas and our DAO Treasury. The idea is we can equip those both within our DAO and those in the community with the resources they need to accomplish community-led ideas and initiatives. We are looking to you for your ideas and voice on how these reserves should best be utilized,” explained the anonymous founders who chose to remain unknown from the public eye.
Once all that is accomplished, A SHIB will create its own CNFT marketplace that will accept the token as payment. The founders are also eyeing to integrate A SHIB as payment for other CNFT marketplaces and launches to diversify the token’s utility.
The team behind A SHIB is not the first to choose to remain unknown in the cryptocurrency marketplace, and they have a good reason why they are preferring to have it that way.
“This has nothing to do with the legitimacy of the project, only our desire to let the project grow organically uninfluenced by the supporting team,” explained the founders when asked why they chose to be an anonymous organization. “We will say there are over five of us working hard to create a platform worth vouching for.”