Shiba Inu Unveils New Meme Coin ‘SHIFU’: Everything You Need To Know

The Shiba Inu ecosystem on Tuesday announced an exclusive airdrop of its new meme coin, Shifu (SHIFU). SHIFU has a total supply of 100,000,000,000 tokens, and it will be launched on both the Ethereum and Shibarium blockchains.The announcement was made in an official post on the social media website X (formerly Twitter). 

 SHIFU airdrop detailsThe token distribution is as follows: 30% of the total supply (30,000,000,000 SHIFU) will be allocated for the community airdrop, with 50% unlocked at the Token Generation Event (TGE) and the remaining 50% released linearly over 4 weeks.The snapshot date for the airdrop will be announced shortly, the post added.The post also added that the holders of at least 100,000 SHIB tokens and 100 Bubble (BUBBLE) tokens will have access to approximately 22% of SHIFU’s total supply. In addition, 4% of the total supply will be allocated to holders of Shib Games, Doge Killer (LEASH), Bone ShibaSwap (BONE), and Shiboshi & Sheboshi non-fungible tokens (NFTs).This will be distributed as follows: 2% for LEASH holders, 1% for BONE holders, 0.5% for games allocation, and 0.5% for NFT holders.Another 4% will be set aside for participants in the Imaginary Ones Carnival and NFT initiatives. SHIFU’s tokenomicsA further 25% (25,000,000,000 SHIFU) will be allocated to provide liquidity on decentralized and centralized exchanges.Additionally, 15% (15,000,000,000 SHIFU) will be dedicated to the public pre-sale, with 100% of the funds raised earmarked for liquidity provision and all tokens unlocked at TGE. The public pre-sale date will be announced soon.Marketing efforts will be allocated 10% (10,000,000,000 SHIFU), supporting campaigns, partnerships, and collaborations, with 50% unlocked at TGE and the remaining 50% released linearly over 4 weeks. Lastly, 20% (20,000,000,000 SHIFU) will be reserved for the treasury to support the long-term growth of the SHIFU ecosystem, with 30% unlocked at TGE and the remaining 70% released linearly over 4 weeks. SHIFU, the latest addition in Shiba Inu ecosystemShiba Inu partnered with the Imaginary Ones ecosystem to launch the new meme coin. Imaginary Ones is a blockchain-based platform integrating digital art, gaming, and NFTs.The native currency of the Imaginary Ones’ ecosystem is BUBBLE.SHIFU is the latest addition to Shiba Inu’s expanding ecosystem.The project was developed through a collaboration between Shiba Inu’s Shytoshi Kusama and Kaal Dhairya, alongside the Imaginary Ones team. Cryptocurrency airdrops are a common strategy used by blockchain projects to distribute free tokens to user wallets, typically targeting existing users to promote the adoption of a new cryptocurrency.More By This Author:Oil Prices Struggle To Hold Gains Amid Faltering China Demand Bitcoin Surges To $106K, Up 50% Since US Election: Will The Rally Last? US Market Outlook For 2025: Can The Bull Run Last?