New Meme Coin Shiba Shootout Reaches $600K Mark in Token Presale

Among new meme coins that reference Shiba Inu, Shiba Shootout has gained the most traction in recent months. The project quickly captured the attention of meme token enthusiasts, particularly within the Shiba Inu community, for its unique take on the iconic meme combined with a suite of use cases.

With its presale having raised more than $600K, investors seem highly bullish on the project’s potential for a successful launch in the coming years, stocking up on the crypto accordingly.

New Meme Coin with a Solid Theme and Attractive Use Cases

The idea behind meme coins is usually to ride the wave of hype and enjoy some gains before the token loses its value as investors start selling their holdings. Shiba Shootout (SHIBASHOOT) has chosen a utility-driven route, helping it stand out from the majority of its contenders since its introduction.

The project’s theme is also exciting, featuring Shiba Inu in various avatars. The project follows a fictional storyline set in a dusty saloon, where a mysterious stranger with a “penchant for mischief and a love for Shiba Inu dogs” concocts a plan to create the wildest meme coin the “Crypto West” has ever seen.

Creatively created characters like Marshal Shiba and Shiba Sharpshooters are part of the project’s ecosystem, described as a town called Shiba Gulch.

This wild west theme has seen heavy appreciation from several entities, including popular crypto news publications and YouTubers like Michael Wrubel who point out why Shiba Shootout could be the next big meme coin.

Regarding the utility part of the project, Shiba Shootout has revealed some interesting ideas to integrate into the ecosystem. Some shall become available upon launch, while some can already be leveraged by investors to earn crypto. These utilities include:

• Token Governance Roundups: Regular voting sessions for token holders, allowing them to cast votes on key project decisions, similar to citizens in a Wild West town, ensuring decentralized governance.
• Posse Rewards: A referral program where users can invite friends to join the Shiba Shootout community. For every new member that signs up, both the referrer and the new member receive bonus Shiba Shootout tokens, encouraging community growth.
• Campfire Stories: Regular sessions where community members share their crypto and meme coin experiences in a casual, storytelling format. The most entertaining stories earn Shiba Shootout token rewards, fostering engagement and community bonding.
• Lucky Lasso Lotteries: A lottery system where participants purchase tickets using Shiba Shootout tokens for a chance to win substantial crypto prizes. A portion of the proceeds from each lottery supports charitable initiatives, adding a philanthropic element.
• Savings Saddlebags: A unique savings feature that allows users to automatically allocate a percentage of their Shiba Shootout tokens to a dedicated wallet. These funds are locked for a specific period, earning extra tokens as rewards, promoting financial discipline and long-term holding.
• Cactus Staking: A staking mechanism where users can stake their Shiba Shootout tokens on a digital cactus. The longer they stake, the more tokens they accumulate, with a visual representation of growing rewards, adding a gamified element to staking.
• P2E Game – A P2E game has also been developed within the ecosystem to enhance Shiba Shootout’s appeal within gaming circles.

Very few new meme coins offer this many features as part of their ecosystem, especially before launch. Naturally, this puts the project multiple times ahead of other meme coin presales at the moment, justifying the quick pace at which it managed to raise over $600K.

Tokenomics and Roadmap Suggest Sustained Growth

Even in terms of a long-term vision, the Shiba Shootout developers have claimed to take the strategic route. The project has a total supply of 2.2 billion tokens, 35% of which has been allocated to the presale.

This will ensure that while early investors get the most advantages, the community growth after the token launch doesn’t get stunted. 20% has been allocated towards marketing, while 10% each has been set aside for liquidity on exchanges and project funds, which will be used for development.

Another 20% has been allocated to staking, while 5% is dedicated to the “Rootin’ Tootin’ Shooter Fund”, ensuring that the reward system remains prominent to reward investors consistently.

The second phase of the three-phase roadmap is already underway, including launch, accumulating over 1,000 holders, and CoinGecko and CoinMarketCap listings. The second phase is designed to set up a foundation for the project with partnerships, social media community creation, and CEX listings.

#ShibaShootout is more than a #memecoin it's a vibrant community with a Wild West theme, unique tokenomics, and fun utilities. Join the ride! 🤠🚀

Jump in the fun! 🚀 https://t.co/jCeu7XN9gp pic.twitter.com/wJdMuCb95P

— shibashootout (@shibashootout) May 26, 2024

By phase 3, the project aims to accomplish and launch its mentioned features alongside merch drops, tools, and a crypto academy.

With a focus on creating a strong and active community on its social media channels on Telegram and Twitter, and a goal of becoming a top new meme coin in the coming weeks, this presale milestone could act as a launchpad for Shiba Shootout’s popularity and demand increase in the coming weeks. You can also visit the Shiba Shootout website.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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