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In the last few years, the memecoin trend has been one of the most popular hypes in the crypto universe. From Dogecoin to Shiba Inu, the market has discovered a new niche, with stories of success and failure.
As we know, $SHIB labels itself as the “anti-Dogecoin” player, and only the market will settle this fight. $DOGE and $SHIB were the two founding fathers of, among others, Vandal Shiba.
Vandal Shiba is a new memecoin project that we will review in our article today. From its vision to the expected future developments, we will share the key facts about the initiative.
Vandal Shiba – Looking at the project’s vision
The team explains on the project’s website that Vandal Shiba aims to differentiate itself from other memecoins. This market niche has seen the birth of many initiatives, and Vandal Shiba’s founders claim to be aware of that.
Consequently, a project such as this one will need to defeat the harsh competition in the market. The team hints that existing memecoins are too similar to each other. Vandal Shiba will enter the market, proposing a different recipe to succeed.
The meme-culture in crypto
The project’s whitepaper makes a clear initial statement reminding investors about the origin of the meme-culture.
In 1976, in the United Kingdom, the evolutionary biologist Richard Dawkins invented the word “meme.” He viewed memes as the cultural counterpart of biological DNA. In simple terms, he saw memes as entities that could control their reproduction and replication.
The meme-culture refers to the constantly changing civilization that memes have spawned. Specifically, memes have grown so popular on social media that we talk about them, even offline.
What does Vandal Shiba aim to achieve?
The central concept of Vandal Shiba is close to that of Dogecoin and Shiba Inu. The most significant distinction is that Vandal Shiba has a crucial temporal advantage. The team knows how previous memecoins came to life, evolved, and, in some cases, disappeared.
Considering that experience is the best teacher, the project’s founders wish to learn valuable lessons from the market.
The project’s tokenomics
Vandal Shiba Coin ($VSC) is a BEP20 token running on the Binance Smart Chain (BSC) technology. Its 420,000,000 tokens will follow a pre-determined subdivision:
- Pre-launch burning: before the official launch, the team sent 43% of the tokens to a burning wallet. The move attempts to sustain the price floor of $VSC by inducing deflation in the ecosystem.
- Token pre-sale: 30% of the tokens will be available during the pre-sale operation. We will provide more information about this step in the dedicated section.
- Liquidity pool: 21% of the coins will help the team create an internal liquidity system.
- After-launch burning: the team will burn a further 3% of the tokens once $VSC is live on the market.
- Private sale: a private sale session has already allocated the remaining 3% of the tokens.
Each transaction in $VSC will lead to applying a 10% tax. The team claims that this money will help fund marketing (4%), rewards (3%), liquidity (1%), and buyback operations (2%).
Furthermore, the token plans to enter the market with a soft cap of 50 $BNB and a hard cap equal to 100 $BNB.
About the pre-sale operation
The pre-sale operation of $VSC will debut on 24th February at 4 PM UTC on PinkSale. The official pre-sale page informs traders about several relevant aspects of the transaction.
For example, the team will lock the funds for 777 days after the pool ends. Furthermore, they will list the token on PancakeSwap. The minimum purchase on the platform equals 0.1 $BNB, with a maximum value set at 5 $BNB per wallet.
PinkSale estimates the initial market cap of $VSC to be at $68,869. It will be interesting to see how the public launch on PancakeSwap will affect this value.
Vandal Shiba’s project roadmap
Vandal Shiba’s team follows a specific roadmap to bring this new coin to the market. The following subsections provide more details about the three phases in the plans of the developers:
InterFi ran an audit operation on the whole Vandal Shiba ecosystem. The team managed to overcome 1,000 telegram members on its official channel. Moreover, both the website and the project’s whitepaper are already online.
At this stage, the marketing campaigns should help the project grow faster, overcoming 5,000 holders and telegram members. The founders will list $VSC on CoinMarketCap and CoinGecko, and receive a third-party audit on the project.
This phase (labeled “Taking over the world”), includes several ambitious operations. For starters, the project will enter the non-fungible tokens (NFTs) creation industry.
NFTs achieved enormous success in 2021, and several projects are betting on this technology in 2022.
The team expects to reach the 15,000 holders (and Telegram members) milestone by the end of this phase. Marketing operations will grow, and the team will launch a series of airdrops for the community.
What can we conclude about Vandal Shiba?
Entering a crowded market as the memecoin one is undoubtedly an operation that requires differentiation. Vandal Shiba aims to convince the market that its project is not like its predecessors.
Before the market judges this initiative, investors will look at its fundamentals and ambitions. Meanwhile, Vandal Shiba’s community grows in numbers every week, and we will see how traders value the project.
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