ASHIB First SHIB Token to Enter the Cardano Network Who Is Shiba Inu’s Sister

ADA Shiba Inu 2.0 or ASHIB in short is built on Cardano, utilizing low gas fees and Cardano’s Extended UTXO model. ASHIB The Cardano aims to be the sister of Ethereum’s Shiba Inu.

Introduction

A SHIB, one of the first three tokens on the Cardano network, is on a quest to create another cryptocurrency symbol to rival Ethereum’s Shiba Inu. Additionally, A SHIB will be the first shib token on the ADA network, and it is scheduled to launch in the following months. A SHIB wishes to emulate the Shiba Inu and be referred to as its sibling token.

While Cardano is a much smaller network than Ethereum, it is fast gaining traction. Cardano anticipates a boost in adoption with the addition of A SHIB since the token will benefit from reduced gas fees and the network’s expanded UTXO mechanism, providing it an advantage over its competitors.

Tokenomics

Token Detail:

Ticker: ASHIB

Total Supply: 1,000,000,000,000 (1 Trillion)

Token Allocation:

Public Sale – 20%

DAO Treasury – 15%

Liquidity– 15%

Community Ideas – 25%

Marketing – 5%

CEX Listings – 10%

Team – 10%

Roadmap

Initial Token Sale

As part of our public sale, 20% of the token is currently available for swapping. Without DEXs, the only way to obtain an A SHIB is via their website.

Closing Burn

The public sale will conclude when Cardano DEXs such as SundaeSwap and Minswap go live. They will then burn a large number of our tokens based on the total amount sold during our public sale. For instance, if only 20% of the tokens allocated for the public sale are sold, the remaining 80% of the public sale tokens will be burned, as will 80% of the 800 billion tokens not allocated for the public sale. This is done to add value to tokens purchased during our public sale.

DEX & CEX Listing

A SHIB will be listed on DEXs and other CEXs. This will take place on an as-yet-undetermined date. On Twitter, follow @SundaeSwap for updates on when their DEX will go live.

DAO Formation

They would like to establish a Decentralized Autonomous Organization (DAO) in which community members can propose platform changes that will be funded by the DAO Treasury or Community Ideas token reserves.

CNFT Marketplace

A SHIB’s final Roadmap is to enter the CNFT marketplace. A SHIB’s objective is to establish its CNFT marketplace accepting the token as payment, as well as to integrate A SHIB as a payment method for other CNFT marketplaces and launches.