Shibnobi AMA Meeting with CEO Cliff Fettner 11/21/2022

Shibnobi AMA Meeting with CEO Cliff Fettner 11/21/2022

-SHINJA V2 EXCHANGE LISTINGS: All of the centralized exchanges that we are listed on, save for XT and p2pb2b, are nearly ready to enable trading of V2. Announcements of dates should be coming soon from each of these exchanges. XT and p2pb2b, however, are proving to be a little more difficult to work with for the migration.

-PROOF OF META PRESALE: Proof of Meta, a project aiming to create a PoW blockchain (MetaChain) designed exclusively for metaverse products, has decided to use Shibnobi Launchpad to host their presale. To learn more about their project, and contribute to the presale if interested, please visit pompresale.shibnobi.com.

-SHIBNOBI BRIDGE: Cronos (CRO) has been temporarily disabled on Shibnobi Bridge in light of recent events regarding FTX, and the uncertainty of how much involvement there was with Crypto.com. There has also been very little trading done with it on the platform, with the last transaction being a month old.

-SHIBNOBI SWAP: A new version of Shibnobi Swap will be coming out very soon. This update will add support for multiple routers (Uniswap, Pancakeswap, etc.) to be used, which will allow users to trade for assets not listed on our swap! We will also be integrating data from Shibnobi Analytics with this update, and adding more attractive chart technology.

-THANKSGIVING HOLIDAY SCHEDULE: With Thanksgiving being this week in the US, the team has decided that we will not be holding an AMA on Thursday (November 24) or Friday (November 25) so that everyone can take this time to be with their families. Shibnobi Learn will still be held on Tuesday (November 22) and Sunday (November 27) at 8 pm EST in our Telegram group, https://t.me/ShibnobiLearn. We will resume our new regular schedule with an AMA next Monday, November 28 at 5 pm EST.

-VERSE STAKING: Because of the holiday break, we will also have to extend staking on versestake.shibnobi.com. If you are currently staking on this site, please continue to do so until at least Monday, November 28 in order to claim the Credits+ that you’ve been earning. We will also likely start the first access of land sale in Verse on this day.

-SHIBNOBI.COM UPDATE: The team has added a dynamically-changing list of our original supply (100 billion), current total supply, ETH supply and BSC supply. They will also be adding an API that tracks our burned supply to make everything as clear as possible.

Open-Floor Q&A

Q: Since our staking platform hasn’t launched yet, what is being done with the taxes collected for staking?
A: The tax that is collected for staking is automatically converting into ETH / BNB. It is being done this way so that when the staking platform launches, we can then buy back Shinja with the funds from these taxes to help increase the price, and then add that Shinja to the staking pools.

Q: When will the staking platform launch?
A: Cliff will consult the team for an update on an estimated date of release.

Q: Are rewards on the staking platform going to be exclusive for those who stake their Shinja?
A: Yes, that’s why we did away with reflections tax. Staking rewards will only be given to those who stake.

Q: When will staking be available for NFTs?
A: When our staking platform releases.

Q: Can you explain in detail how our true burn mechanism works?
A: Instead of burned tokens going to the 0x “dead” address used in traditional burns, Shinja V2 tokens go to a 0x “0” address and are permanently removed from the total + circulating supply. Users can still see these token burns happening on the blockchain by filtering by “0x0000000000000000000000000000000000000000” in our holders lists on Etherscan / BSCScan.

Q: How can we purchase standard Shibnobi Credits?
A: Log into play.shibnobi.com and click on the “Wallet” tab, then “Top-up Credits”.

Q: When will Shibnobi Analytics support Shinja V2?
A: Currently, some of the data in Analytics is dependent on CMC and CoinGecko, so Shinja V2 will be supported when CMC / CG is updated. In the next version of Analytics, we will be integrating our own database, which will no longer require information from CMC / CG.

Q: When will we be able to use Credits+ to trade for gift cards on Shibnobi Play?
A: The third-party provider we are using for gift cards is currently experiencing an issue with their system. Once it is fixed, gift cards will become available for purchase again.

Q: What type of marketing is the team doing?
A: The team has hired two professional PR firms and is running a 14-week marketing campaign with their help.

Q: Why did Shinja V2 start with a much lower liquidity than V1 had?
A: As discussed last week, the team analyzed the percentage of liquidity in other projects, and noticed that most of them had anywhere from 0.1% to 6% of their assets in liquidity, with an average between 2% and 4%. Therefore, we decided to start with 7% in liquidity, inject some of it into Shibnobi Swap’s liquidity pool, and have the remaining liquidity set aside for project growth, buybacks, and future tier 1 / 2 exchange listings. Cliff has already bought back over 60 ETH worth of Shinja with these funds, and burned almost 200 million tokens. He is also in talks with two tier-2 and one tier-1 exchange for possible future listings.