There are many memecoins in the market trying to capitalize on the doge aesthetics of Dogecoin in hopes of replicating the success. While many are successful at it, many aren’t. Shiba Samurai is a memecoin launched in early 2021 that boasted utilities including NFTs and a play2earn system – then failed to gain traction.
A community-backed cryptocurrency designed as a vehicle for in-game asset NFTs, Shiba Samurai is one of the lesser known memecoins in the market that show potential (or once did). In this article, we will look at where to buy Shiba Samurai and if there is a better alternative in the market that you can invest in today.
Where to Buy Shiba Samurai Token
Other than BKEX and Uniswap few cryptocurrency exchanges ever listed Shiba Samurai, partly because of the limited exposure and lack of updates by the developers behind the project.
Furthermore, there is hardly any activity or engagement on Shiba Samurai’s official Twitter page. That said, small video discussions about this cryptocurrency are present. And the utility of this project makes it possible that it might return to the crypto space.
Below are the crypto exchanges most likely to list Shiba Samurai if it makes a comeback:
LBank: Likely to be the Best Place to Buy SHIBURAI
LBank is a cryptocurrency exchange founded in 2015 in Hong Kong. An exchange catering to users across the globe, LBank has authorizations such as MSB, NFA, Canada MSB, and Australian AUSTRAC. Also, with cryptocurrency trading, LBank supports staking and has an NFT marketplace.
This trading platform is notable for hosting new and lesser-known cryptocurrency assets with ample potential. Bitcoin, Ethereum, Cardano etc. are listed but its also known as more of a specialist altcoin exchange.
For instance, LBank was the first exchange to list LBLOCK, the native crypto of the world’s number one NFT competitions platform. When it comes to fees, the platform charges 0.10% per trade – being similar to Binance in this regard.
Investors looking to buy crypto using fiat currencies will also find LBank a suitable cryptocurrency exchange as it accepts a wide variety of fiat payments, including debit/credit cards, bank transfers, e-wallets, and also mobile payment platforms such as Google Pay and Apple Pay. The platform doesn’t charge any extra fees for using these methods. Furthermore, if you want to buy Ethereum and Bitcoin using fiat currencies, you can do so instantly via LBank.
If you’re an advanced trader, LBank has many in-depth tracking and analysis tools for interest. They include standard to more nuanced trading views and other indicators to help you make better investment decisions. If you want to go in deeper and want more options in ways of types of orders, LBank offers limit, stop limit, and market orders to help you manage your positions on the crypto assets of your choice.
What is Shiba Samurai Coin?
Shiba Samurai is an ERC-20 token that allows holders to access rewards, collectibles, and utilities of the community-backed Shiba Samurai Platform. It is an NFT platform with developers, designers, and creators that came together to conceive Shiba samurai, an NFT project comprising 3D assets and merchandise.
Shiba Samurai is a deflationary cryptocurrency that follows a different deflation strategy than traditional memecoins. That is, instead of pushing the cryptocurrencies to burn addresses – it utilizes the fee from the token transactions to give back to the users. The developers call this system: The Dynamic Access Fund. Holders can withdraw SHIBURAI from the platform’s protocol known as Spring of Life.
Shiba Samurai had the initial supply of 924,000 tokens with the following breakdown:
- Initial liquidity vested was 22%
- Imbuement was 20%
- Bounty Board was 7%
- 20% were reserved for cryptocurrency exchanges
- And the remaining 20% were put into spirit training
If the story-forward approach of Shiba Samurai’s whitepaper bothers you, you aren’t alone. The developers have not put much effort into comprehensively explaining much about the platform. That said, spirit training seems analogous to staking, and bounty board appears to be quests that offer rewards to players.
Readers might also be interested in our guide to Utility NFT projects.
Is Shiba Samurai a Good Investment?
From the latest social media chatter on CoinMarketCap, it seems that this meme cryptocurrency is relaunching.
We did a deep dive into Shiba Samurai’s whitepaper, and found some points that might make SHIBURAI a good investment for traders if it does return. Although proceed with caution:
Dynamic Access Funds
Dynamic Access Fund was a dedicated investment fund designed to maximize returns for the users in a risk-adjusted and safe manner. The official whitepaper even claimed that within the three days of launch, DAF (Dynamic Access Funds) was able to accumulate 123ETH. When you consider the crypto’s limited userbase, that amount could’ve meant huge gains for the community.
SHIBURAI attempted to do something different from other meme coins. That is, it introduced great utilities, including governance. Shiba Samurai holders could vote on how the community uses the funds on the DAF. When the project first launched, the fund distribution was divided into the following parts:
- Launchpad Access: 30%
- Node/Chain Validation and Bot Investments: 10%
- Stable Reward Investment: 30%
- High Risk and High Yield Investment: 30%
Deflationary Liquidity Accelerator
Shiba Samurai introduced one of the most advanced and scalable burning mechanisms known as the Deflationary Liquidity Accelerator. The tokens weren’t sent to a burn address but are removed from existence by withdrawal from the liquidity pool and exchange transaction. That is done by eliminating ETH/SHIBURAI pair from paired liquidity from Uniswap.
Afterwards, ETH goes back to the Automated Market Maker (AMM), and Shiba Samurai is removed through withdrawal from the LP. It increased the ratio of paired ETH and the scarcity of tokens – giving rise to the concept of Transcendence.
Shiba Samurai Armory
The goal of Shiba Samurai was to unite all cryptocurrencies by developing an advanced swap that can connect 7 EVMs together. It would have allowed users to swap their cryptocurrencies across multiple compatible chains without paying a high fee. That fee would go to users as rewards and could’ve been a source of passive income for the traders.
Additionally, in a bid to ensure that there were no rug-pull scams for the cryptocurrencies, Shiba Armory would have had two mechanisms:
- Token Locking: The SHIBURAI tokens would not be immediately withdrawable. The locking mechanism ensured that the developers didn’t pull a rug after the initial pump post-CEX listing.
- Token Vesting: With token vesting, all the governance access to presold tokens was controlled via smart contracts. It also would have made unlocking the tokens trustless and predefined.
With these two utilities, users would have experienced a safer DeFi space with Shiba Samurai.
Shiba Samurai DAO
Other than voting on the usage of funds on DAF, Shiba Samurai holders could also have used their voting powers to govern the direction of Shiba Samurai’s development. They could vote on project proposals. For ease of access, the developers implemented a snapshot to give voting power to the holders.
The biggest offering of the Shiba Samurai project by far is Kabuto. These are game-integrated NFTs that holders can own and customize their in-game characters with.
The Kabuto's are game integrated #NFTs with extra utility
After you've minted drop me a dm and I'll get you added to the Alpha room, where we share and grow our #Crypto portfolio's
— CRYPTO LEE (@leeneedham81) August 2, 2022
What are the Risks of Investing in Shiba Samurai?
Despite having many positives, many risk factors are associated with Shiba Samurai.
Little Social Media Engagement
No one out there is talking about the Shiba Samurai. None of the developers have even come forward in recent times. While there are some conversations about this cryptocurrency on Twitter, it is mostly about what happened to it.
Not Much Relaunch News
The devs mentioned that they were about to relaunch Shiba Samurai back in July 18th, 2022, to July 25th, 2022. However, not many updates were given after those initial posts. There are those who are hyping up the project as it would have features such as 5% taxes, 70% supply cut, transcendence burn 2.0, and new P2E games on the Unreal Engine 5. That said, the relaunch hasn’t been completed yet, and there is no website.
#Shiburai is back
Launching 18/07-25/07 with:
Join our TG for
Exclusive demo spots
— Shiburai (@shiburai_token) July 12, 2022
One upcoming metaverse game running on the Unreal engine we reviewed recently is Battle Infinity.
Suspension of Trading
At the time of writing, Shiba Samurai was available on BEKX for purchase. However, the trade has been suspended. While we can say that it was the developers’ decision to go back to the drawing board and rework some aspects of Shiba Samurai, we don’t know the reason yet.
Recent tweets about this cryptocurrency have also said that a new whitepaper is about to launch. When and if that happens, stay tuned to Business2Community as we will be there to cover it.
Shiba Samurai Price
Before deciding whether a cryptocurrency is worth the investment, it is important to look at its price action in recent times. With that in mind, here is the Shiba Samurai price action since its launch at the end of last year.
SHIBURAI price chart 2022
Shiba Samurai was launched on 28th December 2021 at $26.3, from which it dropped significantly to $0.66 when it opened in 2022. The community behind the project was still strong, and the token’s potential allowed the SHIBURAI coin price to pump to $23 in February.
However, the value retraced sharply afterward before a minor uptick to $7.5, followed by a major drop. At the time of writing, the price of this cryptocurrency is $0.225. There is no information about its trading volume since it is currently not being sold.
The Shiba Samurai price chart is clearly bearish, similar to other meme cryptos that have failed to deliver like Elongate. Even if it were possible to buy SHIBURAI, investors would do well to wait for a clear flip in market structure and a new uptrend to form – printing higher highs and higher lows.
Shiba Samurai Price Predictions
Shiba Samurai has some large and novel ideas that could have redefined cryptocurrencies. That said, you can’t deny the risks associated with this cryptocurrency that only has a limited engagement on social media and closer to no action regarding price.
Instead of relying on Shiba Samurai price predictions online based on technical analysis, investors should take a critical look at this project and wait until it relaunches – and the SHIBURAI Uniswap warning message isn’t displayed.
The recent whitepaper will undergo many changes after the project’s relaunch, if that takes place.
Adding a 5% tax and removing over 70% of the token’s initial supply could change the direction of this meme coin project. Therefore if you’re looking to invest in Shiba Samurai, wait for the project to relaunch then download the new whitepaper to learn more about any changes.
What are the Best Alternatives to Shiba Samurai?
Shiba Samurai coin is currently not available for purchase. The only cryptocurrency exchange that has listed it has suspended its trading, and, likely, the relaunch won’t happen fully anytime soon. It makes this cryptocurrency not suitable for all traders. Investors would be better off looking for a cheap cryptocurrency with better tokenomics that can potentially net huge gains in the future.
There is one dog related crypto on our radar in this regard. It is one of this year’s best crypto presale projects known as Tamadoge. It takes a unique approach to the “Doge” tokens and gives them utility.
So why are we bullish about this crypto? For one reason, it is a presale project, allowing early movers to earn big bucks. And if we go by the history of other cryptocurrencies within the same meme token niche – say Shiba Inu and Dogecoin – we know that early movers made exponential profits.
That said, those meme coins retraced pretty quickly and steeply after their explosive bull cycle, partly because of the lack of any real use-case that would make these cryptocurrencies a long-term investment. Tamadoge, on the other hand, is ready to hit the ground running due to its utility.
Tamadoge – a Major NFT project with huge upsides
Tamadoge is one of the coolest NFT projects to come to the surface this year. And with the initial launch date set for next year, we can already see vast developments happening from here on out. Tamadoge is a memecoin, a cryptocurrency that takes the marketability of the doge tokens and gives them utility.
Within the Tamadoge ecosystem, there are Tamadoge Pets, NFTs, and playable characters that you can buy from the store using the TAMA tokens. Afterward, you feed, pet, and raise them until they grow full adults.
Players can then put the adult Tamadoge Pets to battle in an Augmented Reality environment that the upcoming mobile app will facilitate (think Pokemon Go) and earn Dogepoints. The platform will tally the number of Dogepoints you earn in a month. If you have collected the highest, you will get rewarded with TAMA tokens.
TAMA is native crypto powering the Tamadoge ecosystem. It has a maximum initial supply of 2 billion. The beta phase of presale is live, and within 12 days, the beta presale has raised upwards of $600k.
Update – the Tamadoge presale is now approaching $2 million raised.
Learn more about how to buy Tamadoge here.
How to Buy Tamadoge – Complete Tutorial
We discussed at the beginning of this guide about a cryptocurrency that is a good alternative to Shiba Samurai. You now know that it is Tamadoge. In this section, we are going to discuss how to buy Tamadoge.
Step 1: Set up Your Crypto Wallet
Your first task is to set up your crypto wallet. When you go to the Tamadoge website, you’d be given two options to choose from. Metamask and wallet connect. To set up a crypto wallet, select one that suits your requirements, download it and follow the on-screen instructions to complete the process.
Step 2: Buy USDT or Ethereum from a crypto exchange
To buy Tamadoge, you need USDT or ETH. Thus, once you have set up your wallet, go to a cryptocurrency exchange and buy ETH or USDT. If you’re a beginner, it is recommended to use eToro. Buying cryptocurrency is easy on that trading platform and accepts fiat currencies.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Step 3: Connect your Wallet to the Tamadoge website
Once your wallet has USDT or ETH, go to the official Tamadoge website and click on the “Connect Wallet” button.
Step 4: Buy Tamadoge
Enter the amount of TAMA you want to purchase on the next page and then click on the “Convert ETH” or “Convert USDT” button depending upon the crypto for which you wish to swap TAMA tokens.
You need to make a minimum deposit of $15 – which is over 1000 TAMA. Finalize the transaction and wait for the presale to end. Once the presale ends, you can claim your TAMA tokens.
This guide has provided answers on where to buy Shiba Samurai token and if it is a good investment. You also know that currently, this cryptocurrency is defunct, and it is better to wait and look for alternatives.
That is why we are particularly bullish about Tamadoge. It takes the doge aesthetics and gives them play2earn utility. This cryptocurrency is laying the foundations for an upcoming metaverse project with a major upside for those who move early.
The beta sale phase of the presale has now sold out but the presale is ongoing. The project is also giving away $100,000 in its recently announced airdrop promotion.
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on Bybit, OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption