💱Tokenomics
$ShinChan Supply
Starting Maximum Supply: 10B $ShinChan tokens (with potential for burning to reduce supply).
The initial maximum supply of $ShinChan was set at 10B tokens, but following revisions in the tokenomics, the max supply has been reduced to 3,5B. Token burns will also contribute to adjusting the final circulating supply over time.
The only way to earn $ShinChan currently is by ShinChan Universe on Shinosuke Castle.
ShinChan Universe
ShinChan Universe have a tiered reward system based on their NFT rank.
These are the staking rewards e.g.:
Commons earn 2 $ShinChan & 1 Diamond 💎 daily.
Rare earn 4 $ShinChan & 2 Diamond 💎 daily.
Epic earn 16 $ShinChan & 3 Diamond 💎 daily.
Mystic earn 36 $ShinChan & 4 Diamond 💎 daily.
Legendary 1/1 earn 69 $ShinChan & 5 Diamond 💎 daily.
Amount of staking yields can be increased through a “Henshin”.
Henshin
TBA
Halving Periods for $ShinChan
From the start of the project, we mentioned the implementation of halving periods. Below is detailed information on how we plan to implement this in our updated tokenomics to improve the ecosystem. We decided against cutting staking rewards by 50% and instead made the halving cycles dynamic, based on the supply distribution. This way, we can keep the rewards at exciting levels for longer while ensuring a healthy ecosystem for the token.
After each halving period, staking rewards will decrease by 32% for the first halvings, and then by 42% (not 50%).
The first halving will happen after 35.3M $ShinChan has been distributed.
The next halving will occur after 30M $ShinChan has been distributed.
Then, the distribution windows will shrink by 20%, and then by 30% in each subsequent cycle.
Example:
35.3 million $ShinChan - 15% = 30.000 million $ShinChan
Halving periods:
35.3 million $ShinChan (+30 million)
65.3 million $ShinChan (+30 million * 0.8 = 24 million)
89.3 million $ShinChan (+24 million * 0.7 = 16.8 million)
And so on
Moving towards a max distribution supply of around 888M (subject to change based on reward mechanisms).
These halving periods ensure a healthier ecosystem, maintaining token distribution at a fair price relative to $ShinChan, and creating a more stable market for various uses within the ShinChan Universe ecosystem.
$ShinChan Role
Holders will unlock exclusive privileges within our Discord server, giving them access to special perks and insider benefits.
Demand
Demand & Overall Value Creation for $ShinChan
With the team's strong background in payment systems and tokenomics, they have developed a unique NFT-based utility token with tangible real-world value.
Currently, the value of $ShinChan is driven by its on-chain utilities. In the future, its value will expand with use cases such as our own ShinChan-themed merchandise, online stores, and the development of a payment platform for various digital and physical services. As these utilities grow, $ShinChan will become a widely recognized token.
$ShinChan Utility & Value:
Use $ShinChan to upgrade NFTs, unlocking new traits, appearances, and abilities.
Burned tokens will reduce max supply, enhancing the token’s scarcity and increasing its value.
Stats:
Release date: August 08, 2024
Distributed: TBD
Circulating supply: TBD
Initial supply: 10B, with ~70% already burned
Current max supply: 3.2B and decreasing through buy-backs and on-chain activities.
As more use cases emerge, $ShinChan will play a vital role in the ShinChan Universe, fueling the expansion of this meme-driven ecosystem.
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