Formal Shiba Inu (SHIB) On the Discord server, lead developer Shytoshi Kusama recently shared some details on how the team plans to allocate profits from the game Shiba Eternity.
Shytoshi Kusama Explains How They Will Use The Profits From Playing Shiba Inu
According to Kusama, a percentage of all profits will be devoted to supporting a number of community-focused projects through a private investment vehicle.
Also, these projects will need to use the Shibarium Blockchain to receive funding. In this way, the Shiba Inu team wants to accelerate the adoption of the layer-2 solution.
However, in some cases, projects will not need to use Shibarium if it doesn’t fit their particular use case.
The funding will be allocated through Doggy Dao to be a community-led effort. Users Bone their votes ShibaSwap (BONE) altcoin available through.
As explained by Kusama, the exact percentage of Shiba Eternity profits to be allocated to different projects will vary from month to month. However, it will not be less than 45% of all monthly profits.
The Shiba Inu team also plans to devote around 5% of all profits to burning SHIB tokens, thereby reducing the token’s total circulating supply and increasing its rarity.
Kusama argues that he won’t reveal where the other half of the profits will go, which is essentially a trade secret.
Kusama reported that the Shiba Inu team will not disclose such information in order to compete with competitors such as Hearthstone.
A short time ago, the download date of SHIB’s game Shiba Eternity was announced by the developers.
*Not investment advice.
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