All you need to know about Jurassic Shiba cryptocurrency

Highlights

• Jurassic Shiba has a total supply of 180 million tokens, a relatively small number for modern-day projects
• The one-day staking option, a hidden option, can only be unlocked by purchasing an NFT
• Cryptocurrencies are a risky asset class, which is why claims made by any project must be assessed very carefully

Much like the universe, the cryptoverse is constantly expanding with no end in sight. As a result, it has crossed the 20,000 mark for different projects and their linked cryptocurrencies. Plenty of new entrants fall into the meme token category, and most of these could offer little to no utility, but every now and then, it is quite a possibility to find a diamond in the rough, at least blockchain and crypto enthusiasts think so. 

Jurassic Shiba
It's easy to write off anything that has Shiba or Inu in its name given the litany of projects that have tried to follow in the footsteps of Dogecoin and Shiba Inu, but this project claims to be a little different. 

The project asserts that it represents some decent value for investors. It has a supply of 180 million tokens, a relatively small number for modern-day projects. The circulating supply currently sits at 76 million tokens, with the bulk of the remaining tokens locked up in staking pools to assist with liquidity. 

Staking
The project has developed a one-day staking pool, 30-day staking pool, and one-year staking pool. The staking seems to be unique as well. The one-day staking option, a hidden option, can only be unlocked by purchasing an NFT. Within this, the NFT can be used to stake JSHIBA with a 100% APY – also known as an annual percentage yield. 

The 30-day option also claims to provide a 100% APY without purchasing an NFT. As for the one-year stake, it claims to provide a mammoth 365%. 

Away from staking, the project provides reflections for holders with each transaction while also burning a portion of each transaction to increase the value of each token. The whitepaper also suggests frequent large-scale burns to further improve the value of each token by increasing scarcity.

A play-to-earn game is said to be in development, an NFT marketplace has been launched, physical products are available, and more products are claimed to be in the pipeline, so it appears to be a project that has already undertaken significant development behind the scenes before its launch in November.  

Additional elements
The project has an attached exchange called SwapDino.com. It claims to enable seamless, low-cost exchanges of a litany of different cryptocurrencies and the ability to directly purchase JSHIBA using a credit or debit card.

The project is headed by Kenneth Wilson, who acts as CEO & CTO. Wilson also operates under the moniker “Mr. Fly”. He is a contracted artist with music company Orchard Records (a subsidy of Sony Music) – which intends to explain the project’s close connections with music, music festivals and events.

Aside from Wilson, the two other core members of the project are Chris Reed, Chief Marketing Officer, who has a background in ‘degen’ crypto projects, and Oleg Gutiev, who acts as Chief Graphics Artist and Education Manager.

That said, any crypto project, regardless of claims made by the founders, demands due diligence and a cautious approach. Cryptocurrencies, be they meme tokens or gaming tokens, can also lead to losses, so assessing any project carefully is extremely important in the cryptoverse.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.