Shuffle Casino Announces Token Distribution Plans
In a whitepaper update, Shuffle casino revealed its token distribution plans and outlined the details of its Ethereum-based SHFL tokens. The distribution will occur through a series of airdrops starting in March.
Airdrop Rounds
Shuffle casino will conduct three rounds of airdrops, with the first round going to users who have played on the platform in the first year since its launch. The second and third rounds will target a wider user base and take place later this year.
Token Allocation
According to Shuffle’s whitepaper, the token allocation will be divided as follows: 31% to the Shuffle treasury, 8.8% to early contributors, 28% for airdrop rounds, 25% to team members, and 7% for a liquidity bootstrapping pool and liquidity mining.
Using SHFL Tokens
Players who receive tokens through the airdrop can use them as stakes in casino games immediately upon receipt. This will also contribute to their total wagered volume and help them earn future airdrops.
Circulating Supply
The initial circulating supply of SHFL tokens will be 71.1 million. Shuffle casino has not yet commented on its airdrop plans.
Other Airdrops in the Crypto Space
Several other projects have conducted significant airdrops recently, including Starknet, Jupiter, Dymension, Pixel, and Nifty Island.
Hot Take: Shuffle Casino Introduces Token Distribution Plan Through Airdrops
Shuffle casino has announced its token distribution strategy via a series of airdrops. The airdrops will reward users who have played on the platform, and there will be multiple rounds targeting different user groups. SHFL tokens received through the airdrops can be used as stakes in casino games, accelerating their vesting process. The initial circulating supply of SHFL tokens will be 71.1 million. This move aligns with the trend of projects utilizing airdrops as a means to distribute tokens and engage with their user base.
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