What Is Shiryo-Inu (SHIRYO-INU)?

Shiryo-Inu is a DeFi trading card game. The project originated from a group of blockchain, DeFi, and trading card game (TCG) enthusiasts. The team realized an absence of high-quality trading card games based on blockchain technology and created Shiryo-Inu.

As the whitepaper states, gaming based on blockchain technology is a new and rising aspect of cryptocurrency. As a matter of fact, the crypto gaming industry experienced more than $321 million in total market revenue in 2020. Therefore, many experts believe that the industry has good potential for growth. Blockchain-based gaming is intended to generate high adoption of cryptocurrency, thereby appealing to gamers as well as blockchain enthusiasts.

Noticeably, Shiryo-Inu seeks to reduce and eliminate the issue of gas fees with the proper implementation of traditional databases and scalable servers. This is done through specific processes that result in a transaction on the Ethereum mainnet. Such a process helps Shiryo to utilize something similar to a private blockchain. Therefore, Shiryo TCG uses Ethereum entry and exit points without any transaction in the middle of the game that may slow down the gameplay.

The team of Shiryo-Inu aims to create an engaging environment that may be experienced through virtual reality. Hence, the display of the game is to be made 3D along with proper interaction among the players. The whitepaper of Shiryo-Inu claims that virtual reality will transform gamers' experience. Therefore, the Shiryo team seeks to adopt the technology to establish prominent trading card games.

Several interesting features make Shiryo-Inu unique, like the provision of in-game avatars by the players that will enable them to access interesting game add-ons in the future. An avatar is an animated character created by the computer in games, and humans control them. Interestingly, there are several methods through which players of Shiryo are rewarded. The platform also provides different games for less experienced players who don't want to risk losing their avatars or cards. Therefore, players who wish to participate just for fun can also play Shiryo games.

SHIRYO-INU is the native coin of the Shiryo-Inu game and is an ERC20-based token. The token works on Ethereum blockchain technology. In terms of safety, the Shiryo token contract is renounced, and the liquidity is locked for more than 4,000 days during the time of its writing. Moreover, the liquidity is likely to be locked again in advance of its unlocking. Another noteworthy fact is that SHIRYO-INU enables players to earn elements of the NFT game. Moreover, players can win tokens according to their performance in the game. There are also weekly competitions for the top players.

History of Shiryo-Inu (SHIRYO-INU)

The core team of Shiryo-Inu consists of experienced individuals like Jordan Fung (CEO), who is highly experienced as a web developer and TCG payer. He has also been a supporter of DeFi for a long time. Marcin Gorny is the CMO of Shiryo-Inu. He has good knowledge and experience in cryptocurrency and has also performed several marketing campaigns. The maximum supply of Shiryo-Inu is 1,000,000,000,000,000,000. The integration of the central database of Shiryo with blockchain is set to be done in the first quarter of 2022. Shiryo games are to be launched in the second quarter of 2022.

How Are New SHIRYO-INU Coins Created?

Shiryo-Inu provides token and LP staking, which helps stabilize the price of Shiryo and rewards the community. LP staking refers to the process by which users contribute their tokens to blockchain maintenance in return for rewards (more tokens). Therefore, any token holder can lock their tokens in a vault for a week, stabilizing volatile price action. As a matter of fact, token holders can also withdraw their tokens anytime from the staking pool. However, they will not receive their bonus in case of withdrawal unless they hold for at least a week. Shiryo also allows mining Shiryo-Inu tokens.

Shiryo charges a tax of 11% for transactions. Noticeably, 3% of every transaction is redistributed to token holders as additional tokens. The tokens are distributed based on the number of tokens users hold compared to the total supply of tokens. The remaining 8% is equally utilized for the marketing and development of the Shiryo-Inu project.