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Popular memecoin Shiba Inu has prepared to put its metaverse digital land on sale that is soon to be available
Shiba Inu in its official blog post stated rewards from sales events of its digital land might be available to holders and they have announced the date could be 2nd July. In the blog post further the Shiba Inu team recalled its promise of distributing 3% of the funds that is expected to generate from the land sale events among its users. Those users would be selected on the basis of their amount of locked LEASH token and bid for any such land during the initial early access’ two stages that are the bid and holder events.
However, it stated that until now there are no such rewards yet have been distributed and it explained the reason for it. The reason for this is originating contracts counts for the land selling to reward and distribute them accordingly. Land in the SHIB Metaverse is still available for sale at the moment and has not sold out yet.
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Currently there are about 5,500 land plots that have been already sold out of the total 19,400 plots that were available for sale initially. Further it explained that for those users who are waiting for sell off of land but has not kept LEASH locked before receiving the rewards, the team of Shiba Inu said that they are on their way to construct a new contract so that they can pursue 3% BONE distribution to those who have participated in their LEASH locking during the initial early access events.
There are anticipations from the updated contract of unlocking the rewards without any need of selling out. Now the rewards will be available for locking rewards after 90 days for all, comes to an end for users that is estimated to come as early as on 2nd July, 2022.
For a while now, the price of Shiba Inu remains in a tight range that lies between $0.0000106 to $0.0000113 that is suggesting a forthcoming move. Shiba Inu at the time of writing was trading at $0.0000113 after about 5.4% raise in the last 24 hours. It’s just a matter of days when Shiba Inu has added several thousand holders as these statistics reflect the growth of the network.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
