Shakita InuSHAK
$0.000164
Market/Exchange
SHAK Price Prediction and Price Movement
SHAK has been down 19.46 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that SHAK's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if SHAK is backed by a solid development team and whether SHAK's technology has any potential to grow.
Please note that this analysis is purely base on SHAK's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Shakita Inu Price Chart
About Shakita Inu
Shakita Inu is a non-profit cryptocurrency project powered by its deflationary community token - $SHAK - on Binance Smart Chain.
Holders of this token are entered into the BIG SHAK LOTTO where random holders are selected to win tokens and prizes. The project has stated that when the price reaches $1 they will give away $1,000,000 to one random holder when the price reaches $1.
The projects first official NFT collection SHAK PUGZ is a 10K collection that also comes with holder benefits, including tokens and prizes for random holders. When all of the collection has been minted on www.shakpugz.com a TESLA Model Y will be given away to one random NFT holder.
There is also a 2D play-to-earn endless runner style web game in development whereby players with high scores will win tokens, NFT's and prizes.
The project has long term plans to take the Shakita Inu brand to mainstream audiences and is currently working on a whitepaper and updated road map for 2022.
Background: The Shakita Inu project began in April 2021 when the founder and lead developer, CJ (Crypto Jesus), announced that there should be a dog coin project on Binance Smart Chain, to offer an alternative to the Ethereum projects such as SHIBA INU. He believes "coins like DOGE, SHIB and SHAK are a good gateway for those who are new to crypto because they are fun and instantly more relatable than to the average person..." but also believed that "people had become disillusioned by the huge rise in Ethereum gas fees and by the fact that Binance Smart Chain had become over saturated by scam projects and tokens".
The first token $Shakita was fair launched on DODO DEX with a zero dev allocation and no private sale or presale in April 2021. Later the community voted for the token to be redeployed with a shorter ticker - $SHAK - to compliment the new website and logo. The new token was relaunched in August 2021 and all previous tokens and liquidity were migrated at a 1:1 ratio, with a 10% transaction fee (for sells and transfers) added to the smart contract in order to fund project development and fuel its growth. The fact Shakita Inu still has a 0% buy fee and low gas fees does set it apart from much of its dog coin competitors. This factor, along with its low deflationary supply seems to be a driving force in its growing popularity.
Shakita Inu is often touted as a #SHIBKILLER and an infographic on social media (Dec 2021) showed it's rise in market cap had eclipsed its rival when comparing both of their first 8 months. The Shakita Inu founder has stated that the use of #SHIBKILLER is "just for friendly competition" and he actually thinks "very highly of the SHIB project and community". Various known figures such as CoinChomp CEO Eric Turner and UFC fighter Mark 'Mugen Striegl' have publicly disclosed that they are holders and big fans of the Shakita Inu project and believe that it could become the most popular dog coin and often reference its ability to reach $1 quicker than DOGE because of its tokenomics.
CJ has become known for his high level of transparency and community engagement. This has allowed him to form the 'whale alliance' in which 20 of the projects larger token holders have either locked tokens or vested a portion with CJ (voluntarily) as a sign of solidarity and long term commitment to the project and to its smaller holders.
Tokenomics:
- Shakita Inu had 9.9B tokens max supply when it was launched on Pancake Swap in August 2021. It currently has a max supply of 8B after 1.9B tokens were gradually burned from the supply.
Transactions fees:
- 0% Buy
- 10% Sells
- 10% Transfers
10% transaction fees distributed to project wallets (as seen in the smart contract):
- 1% Game Development & Player Rewards
- 2% SHAK NFT project
- 3% Marketing Funds
- 4% Shakita Fund (transfer tx fees) or Burn Wallet (sell tx fees)
All of the 8B supply is circulating but over 600m tokens are either locked or vested by the whale alliance and the Pancake Swap liquidity pool is locked. The project wallets (tokens gathered from transaction fees) hold approx 300m tokens but this fluctuates as the project often burns a lot of these tokens directly from the circulating supply.