Investigation of Shiva Inou Metavars project; More than 100,000 plots of land and the use of ether instead of SHIB
About two months after the announcement of the developers of Shiba Ino, the details of the Metavars of this project have finally been released. The Sheba Ino team has explained the grading of the plots, their prices and the benefits they will bring to the SHIB token economy, and more details will be released soon.
To Report Kevin Desk, developer of Shiba Ino, Meem Quinn, the hilarious digital currency market, has just revealed the details of their Metavars project. According to the Shiba Ino team, 100,595 plots of land, some of which will remain private, will be offered in this virtual world.
These virtual domains are to be offered as a stage for sale, the first stage of which was held just a few days ago and the second stage is now being held. In the first phase, 36,431 plots of land will be released, which will be divided into four designs named Silver Fur, Gold Tail, Platinum Paw and Diamond Teeth, and between 0.2 and 1 atrium. They have a price.
The duration of the first stage was 72 hours, during which users entered the auction by locking their LEASH tokens and NFT “SHIBOSHIS” on the official website, and in the end, the land was sold at the highest bid. The second phase will take place in seven days without an auction, and users can receive land by locking Lish tokens and NFTs in the SHIBOSHIS suite, except that capacity is limited. In the third stage, the sale starts in public and users can buy the remaining lands at a fixed price, which will also take 10 days.
The team has decided to use a neutral digital currency to price the fields to make sure that the transactions in these virtual fields do not have a negative impact on Shiba Inu’s native token, the SHIB.
The developers of Shiba Ino have said in this regard:
Using our own ecosystem tokens can be problematic, as the price of Shiba Inu decreases when cashing in, which is against our plans.
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According to the Shiba Ino development team, buyers of these fields can also earn more money through various methods, collect in-game resources, and reward others. Shiba Ino team has announced that it will announce more details about these methods soon.
In addition, landowners can change or rename their plot of land by using the Shiba Inu token or burning it.
The announcement of the launch of Shiva Metavars states:
The first special role that the “SHIB” token will play in Shiba Inu Metavars is the question of token burning. In this new mechanism, people can change the name of their land in exchange for burning tokens. This program starts immediately after the end of the public sale of the lands.
The developers of Shiba Ino have also said that other tokens in the Shiba Ino ecosystem, such as LEASH and BONE, will play a greater role with the expansion of this meta-transformation. According to them, token leash holders can buy land in the next stages.
It is worth mentioning that this metavers develops in Shibarium, the second layer network of Shiba Inu.