Shiba Watch has announced the launch of its platform that will introduce new coin listings backed by smart contracts.
Including KYC, audits and reviews of listed tokens, Shiba Watch aims to provide investors with more insights on recently launched tokens.
With transactions approved through KYC as well as payments being made via smart contracts, Shiba Watch will provide a host of options for people to learn more about listings and coins that they hold.
Shiba Watch will offer 1 quadrillion $SHIBAW tokens with 60% of total coins being dedicated to pre-sale & liquidity, 30% on initial burn, 5% through private sales, 3% via a development wallet and 2% for marketing and burn/buyback.
As its phase 1 nears completion, the platform has been conceptualized with a community focus, while developing a $SHIBAW token to provide a fast track listing on CoinmarketCap as well as CoinGecko.
Following the platform’s launch, the creators will develop staking and lending to offer tokens with interest payments. This will include a lending platform that is governed by smart contracts – enabling the lending and transfer of assets. In addition, the platform developers have confirmed they are working toward an NFT marketplace that will allow for the minting, purchasing and selling of NFTs.
As Tokenomics continues to evolve, Shiba Watch is aiming to help investors earn passive USD rewards that hold the $SHIBAW token.
7% of each transaction will be given back to all $SHIBAW holders in BUSD, a stable coin that is pegged to the dollar and can be converted into a fiat currency. 2% of each transaction will also be for buybacks to keep price and volume stable. When volume is low, small strategic buybacks will be performed to encourage more buys. 2% of each transaction will go back into liquidity according to the company.
Ahead of its platform launch, Shiba Watch will initiate a private sale followed by a whitelisted pre-sale.
To learn more, follow its latest updates on Twitter. You can also visit the website and connect with the community via Telegram.
In partnership with Shiba Watch
Financial disclaimer: Financial trading and investing in cryptocurrencies including NFTs, coins, tokens as well as other leveraged products is highly risky and can result in losses that exceed your initial deposit. Suitable professional financial advice should be obtained before investing in these assets or the financial markets.