Shirtum

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Discover Shirtum's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Shirtum?

Shirtum (SHI) is a cryptocurrency designed to enhance the connection between athletes and fans by facilitating the secure exchange of digital memorabilia and stories behind memorable performances. The SHI token is essential for using the Shirtum App, where users can collect digital sports memorabilia in the form of Non-Fungible Tokens (NFTs) and participate in governance and staking activities.

How is Shirtum used?

Shirtum (SHI) is a cryptocurrency token that plays a central role in the Shirtum platform, which aims to create a closer connection between players and fans in the sports world. The SHI token is used for several purposes within the platform:

  1. Interaction and Actions: Users need to hold SHI tokens to interact and perform actions within the Shirtum App. This includes accessing exclusive features and participating in community activities.

  2. Staking and Unlocking Advantages: Users can stake their SHI tokens to unlock additional benefits, such as limited edition NFTs from their favorite players or the ability to purchase physical assets put up for sale by players.

  3. Governance: SHI is a governance token, allowing holders to participate in community-powered decision-making and access exclusive Discord community channels.

  1. Payment: SHI tokens can be used as a form of payment within the platform, particularly in the NFT marketplace where users can buy or sell digital assets.

Overall, the SHI token is integral to the functioning of the Shirtum platform, facilitating user engagement, governance, and transactions within the ecosystem.

How do I store Shirtum?

To store Shirtum (SHI) tokens safely, it is recommended to use a "Cold Wallet," which is a wallet that is completely offline. This type of wallet ensures that your coins or tokens are protected from potential online threats and unauthorized access.

How to buy Shirtum?

To buy Shirtum (SHI) tokens, follow these steps:

  1. Choose an Exchange: Select a reliable centralized exchange (CEX) or decentralized exchange (DEX) that supports Shirtum trading. Currently, there are only two exchanges where you can trade SHI: Gate and PancakeSwap.

  2. Register and Verify: Sign up on the chosen exchange's official website or app. Complete the Know Your Customer (KYC) process, which typically involves providing identification documents and waiting for approval.

  3. Buy USDT or Mainnet Cryptocurrency: Purchase USDT (Tether) or the mainnet cryptocurrency of the blockchain the DEX runs on (e.g., ETH for Ethereum-based DEX or BNB for Binance Smart Chain-based DEX). This can be done using fiat currency through various methods such as credit cards, peer-to-peer transactions, or bank transfers.

  1. Exchange for SHI: Once you have USDT or the mainnet cryptocurrency, use spot trading on the exchange to swap it for SHI. For CEX, this can be done directly within the exchange. For DEX, you need to connect your wallet, select the "Swap" option, and choose SHI as the "To" currency.

  2. Transfer and Store: After purchasing SHI, transfer the tokens to your wallet and store them securely. Make sure to use a reputable wallet and follow best practices for securing your assets.

Remember to always be cautious of scams and ensure you are using legitimate exchanges and wallets to avoid potential risks.

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History of Shirtum

Shirtum (SHI) is a cryptocurrency launched in 2021 and operates on the Ethereum platform. It was founded by Papu Gomez and Mariano Izco with the primary goal of improving the relationships between players and fans in the sports industry. The SHI token is the native token of the Shirtum crypto project, which aims to create a global marketplace for digital assets, specifically non-fungible tokens (NFTs), designed for athletes to share their stories and memorabilia with fans.

The project allows athletes to securely and privately exchange digital mementos and the narratives behind their most memorable performances, generating income streams that can outlast their playing careers. Users need the SHI token to engage with the platform and can also benefit from staking their tokens and participating in the governance process.

Shirtum has a total supply of 749,491,340 tokens, with a circulating supply of 173,823,179 SHI. The platform provides a marketplace where users can buy, sell, and trade NFTs, giving fans exclusive access to players and their stories.

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How Shirtum works

Shirtum (SHI) is a cryptocurrency token that operates on the Binance Smart Chain as a BEP20 token. It is designed to create a closer connection between players and fans in the sports world, particularly in football. The platform allows players to share digital memorabilia securely and safely, along with the stories behind their most iconic moments, creating revenue streams that can outlive their playing careers.

Tokenomics and Usage

SHI has a total supply of 1,000,000,000 tokens. Users can manage their SHI balance with wallets such as MetaMask or Trust, and the Shirtum App will also act as a crypto wallet. The SHI token plays a central role in using the platform, as users need to hold the token to interact and perform actions within the Shirtum App. Additionally, users can unlock additional advantages through staking, which would lock up SHI tokens. For example, users can access limited edition NFTs from their favorite players or buy physical assets put up for sale by players. SHI is also a governance token for community-powered decision-making and accessing exclusive Discord community channels.

Platform Components

The Shirtum platform consists of four main components:

  1. Museums: Digital museums where players display their t-shirts and the history of playing for different clubs. Users can visit these museums and explore analytics such as the number of NFTs minted per t-shirt and their price history.
  2. Market: An NFT marketplace where users can buy or sell digital assets. Prices are in Euros, and users can pay in € or SHI.
  3. Fanzone: A section where users can watch videos of their favorite players telling stories about different t-shirts or objects, providing a direct and personal touch.
  4. Gallery: A space where users can manage their portfolio, organize their different player collections, and offer them for sale.
Trading and Availability

SHI tokens can be traded on both centralized and decentralized exchanges. The most popular exchange to buy and trade Shirtum is Gate.io, where the most active trading pair SHI/USDT has a significant trading volume. Additionally, SHI will be listed on Pancakeswap with a liquidity lock of 3.4% of the total supply.

Token Sale and Distribution

The token sale details include private sale rounds and a public sale. Any unsold tokens will be split 50/50 between the treasury (to fund project development) and the burning pool. The burning pool is a mechanism where tokens are permanently destroyed as users enter the platform with FIAT directly, which helps increase the demand for SHI.

Overall, Shirtum aims to provide users with exclusive NFT collectibles in the sports world, creating digital museums where players and soccer teams can share their stories with fans. The platform is powered by Non-Fungible Tokens (NFTs) and its native SHI token, allowing fans to collect pieces of digital memorabilia.

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Shirtum's strengths

The token Shirtum (SHI) has several strengths that contribute to its value and potential:

  1. Native Token of Shirtum Platform: SHI is the native token of the Shirtum crypto project, which aims to improve relationships between players and fans by providing exclusive digital sports memorabilia. This token is essential for users to engage with the platform and participate in various activities.

  2. Governance and Staking: SHI token holders can participate in the governance process and stake their tokens to gain additional benefits, such as limited edition NFTs or access to exclusive community channels. This encourages community involvement and rewards token holders.

  3. Marketplace and Trading: SHI tokens can be traded on both centralized and decentralized exchanges, providing liquidity and flexibility for users. The token's market capitalization and trading volume are tracked, indicating its market performance.

  1. Security and Auditing: The project's token smart-contract has been audited by at least one security company, ensuring a level of security and transparency for users.

  2. Tokenomics and Supply: SHI has a total supply of 1 billion tokens, with a clear tokenomics structure that outlines the distribution of tokens across different sale rounds and the burning pool. This transparency helps users understand the token's potential value and scarcity.

  3. Platform Integration: The Shirtum App acts as a crypto wallet, allowing users to manage their SHI balance and interact with the platform seamlessly. This integration enhances the user experience and promotes the adoption of the token.

These strengths collectively contribute to the value and potential of the Shirtum (SHI) token, making it an attractive option for investors and users interested in the sports memorabilia and NFT space.

Shirtum's risks

Shirtum (SHI) is a high-risk investment with significant volatility. It should only be considered if you have a high tolerance for risk, are already in a strong financial position, and can afford potential losses. The cryptocurrency market is known for its unpredictability, and Shirtum is no exception. Market analysts predict a significant rally for Bitcoin around its next halving event, which could positively impact Shirtum, but this is not a guarantee.

Moreover, the Financial Stability Board (FSB) has identified several vulnerabilities associated with crypto-asset markets, including increasing linkages between crypto-asset markets and the regulated financial system, liquidity mismatch, credit and operational risks, and the increased use of leverage in investment strategies. These risks could rapidly escalate and have implications for global financial stability.

Additionally, Shirtum's tokenomics and token sale details indicate that the token is integral to using the platform, and users will need to hold the token to interact and perform actions in the Shirtum App. This could lead to concentration risks and liquidity issues if the token's value fluctuates significantly.

In terms of security, Shirtum has undergone audits, bug bounties, and insurance, which are positive indicators for its security score. However, the cryptocurrency market is constantly evolving, and new risks can emerge at any time.

Overall, investing in Shirtum carries significant financial risks, and it is crucial to conduct thorough research and invest within your comfort zone to avoid potential losses.

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Did Shirtum raise funds?

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Shirtum’s team

  • Founders and Key Team Members: The team behind Shirtum (SHI) includes the founders and key members responsible for the project's development and operations. This team is not explicitly mentioned in the provided sources, but it is known that the project was introduced in 2021 and is based in Spain.

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