The Shiba Inu (SHIB) development team has announced that users can now pay with SHIB to mine land in SHIB: The Metaverse. Here are the details…
Shiba Inu users will be able to use SHIB for metaverse
SHIB: While the public sale process for The Metaverse continues, Shiba Inu (SHIB) recently tweeted via shib.io’ announced that they have also released a new minting option. This option will enable the community to mine land using SHIB. Looking at the pricing details in the announcement, it is stated that the Shiba Inu community can mint land between 0.2-1 Ethereum (ETH) values as SHIB. The announcement followed feedback from the community as they expressed their desire to mint with SHIB instead of using ETH. Prior to this announcement, land could only be mined using Ethereum.
SHIB: The Metaverse successfully completed the first two phases: The first early access was the “Bid Event”, followed by the “Holder Event”. The current third phase is the “Public sale” phase. As we have also reported as Kriptokoin.com, it is necessary to lock Leash or Shiboshi using a locking system in order to participate in the first two events, while “public sale” does not require any locking.
The developments in the SHIB ecosystem do not end
Meanwhile, the team behind the Shiba Inu (SHIB) announced the dates of the awards on the recently launched incineration portal. Earlier in April, it was reported that Shiba Inu had introduced a flaming portal that allowed its holders to permanently destroy their tokens. This allows users to earn passive income while reducing the circulating supply. For this to happen, those who decide to burn the tokens would receive a token called burntSHIB.
burntSHIB holders will receive rewards in RYOSHI tokens and 0.49 percent of all RYOSHI transactions will be distributed to burntSHIB holders. Now the team has definitively announced when the aforementioned rewards will be presented. In their statement, “Here is a quick update on the Rewards Cycle. Rewards will be available on May 17 and will run every two weeks. We are excited to see the amount of usage the portal brings to the community and the ShibArmy building based on their feedback.”
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