Shibnobi AMA Meeting with CEO Cliff Fettner 09/20/2022

Shibnobi AMA Meeting with CEO Cliff Fettner 09/20/2022

-SHIBNOBI BRIDGE: Support for Bitcoin (BTC) will be coming to Shibnobi Bridge on Thursday, September 22!
However, because BTC is not an EVM-compatible coin, users will need to have a Bitcoin wallet address in order to trade it with other coins on the Bridge. Some wallets, such as Trust Wallet, make it easy for users to obtain their Bitcoin address by selecting “Bitcoin” in the token menu, and then choosing the “Receive” option.
This new addition to Shibnobi Bridge has opened doors for other non-EVM coins to be added in the near future. Stay tuned to see what will be added next!
Important Note: When trading with Bitcoin on the Bridge, please ensure that you put your information in correctly! Failure to do so may cause irreversible loss of your funds!

-SHIBNOBI CREDITS: The site that will allow holders to stake their Shinja tokens to earn Shibnobi Credits will go live early next week!
Cliff has also revealed that Shibnobi Credits will be worth 1 USDC each, and come in two variations – Credits, which users will be able to purchase or obtain, and Credits+, which will be earned in multiple ways throughout the ecosystem.
This credit system will be tied to each user’s universal account, allowing them to be used and earned on various platforms (Play, Verse, Analytics, etc.). Initially, credits will not be transferrable to other wallets, but this feature will be added in a post-launch update. Users will also have the ability to convert Credits to Shinja or other cryptocurrencies, but Credits+ will only be usable within the Shibnobi ecosystem.
The two different credits will be used together when making purchases within the Verse, or creating wager matches in Play. Property owners in Verse will have the power to set how many Credits and / or Credits+ they will accept from a buyer. Property sales will be logged in the system for future buyers to see Credits / Credits+ ratios when deciding on property to buy. Play users will be able to decide how many Credits / Credits+ they want to wager, and will then be matched to users with similar wagers.

-SHIBNOBI STAKING: Our staking platform will be launching on the same day as our V2 launch (November 15)! This platform will offer several different reward options, giving users the opportunity to earn Shinja by staking Shinja, Shinja by staking a partner project’s token, a partner project’s token by staking their token, and more!

-SHIBNOBI NFTS: NFTs 4001 – 4500 have now been revealed! Check yours out on OpenSea, and see how rare yours are compared to others at!

Open-Floor Q&A

Q: Do I have to hold a certain amount of Shinja in order to stake?
A: No, there will be no limit.

Q: Will I be able to consolidate my Shinja tokens into one wallet during the 2-week migration period?
A: No. After trading is disabled, buys / sells / transfers will not be possible until V2 is launched. You will need to consolidate your tokens before or after the migration period.

Q: Will we be able to buy Shibnobi Credits when the staking site goes live next week?
A: Once Shibnobi Play is launched, users will be able to create their universal accounts and begin purchasing Shibnobi Credits. The Credits+ earned prior to this can be added to these accounts.

Q: Will I be able to stake Shibnobi Credits to earn Shinja?
A: We currently have no plans for this.

Q: Why has the team decided to use two different credits instead of just one?
A: There will be several different ways to earn Credits+ by completing tasks. Shibnobi Play’s social media platform will also reward users simply for creating posts. We don’t want this system exploited by users who only want to earn credits so that they can sell them.

Q: Will the staking site for earning Credits+ remain open after V2 launches?
A: Yes.

Q: What will the APY be for earning Credits+?
A: This information is still being finalized, but there will be different time locks with different APYs.

Q: Will there be any fee for staking on the Credits+ site?
A: Other than gas fees, no.

Q: How will all of these products help the price of Shinja increase?
A: As we progress, holders of the Shinja token will receive exclusive benefits on platforms such as Play and Verse. Incentivizing staking should also attract new holders.