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Shiryo

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Discover Shiryo'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 Shiryo?

Shiryo (SHIRYO) is a blockchain-based play-to-earn trading card game that utilizes NFTs, allowing players to collect decks and participate in matches. The game is set in the World of Edrea, a continent divided into four elemental factions. The SHIRYO token is used for governance, utility, and rewards within the ecosystem, and it is powered by Ethereum and Polygon.

How is Shiryo used?

Shiryo (SHIRYO) is a cryptocurrency token that serves multiple purposes within the Shiryo ecosystem. Here are the primary ways it is used:

  1. Avatar Minting: The Shiryo token is used to mint avatars, which are digital personas that grant access to in-game perks and whitelist for future add-ons. These avatars can be used as profile pictures and can be wagered against other players.

  2. Token Staking: Investors can lock their tokens in a vault for a minimum of one week to help stabilize the token's price and earn rewards. This staking mechanism encourages long-term holding and provides benefits to the community.

  3. LP Staking: Similar to token staking, LP staking involves locking liquidity provider tokens to support the token's liquidity and earn rewards.

  1. In-Game Transactions: Shiryo aims to minimize gas fees by utilizing traditional databases and scalable servers that interact with the Ethereum mainnet. This setup ensures smooth in-game transactions without slowing down gameplay.

  2. Reflections: A 3% tax on every buy and sell transaction is redistributed to Shiryo-Inu holders based on their token holdings. This mechanism incentivizes holding the token and rewards community members.

  3. Marketplace Trading: The Shiryo token can be traded on various exchanges, allowing users to buy and sell it. It is listed on platforms like Coinbase, with a total tax of 11% on buy and sell transactions.

These use cases highlight the multifaceted nature of the Shiryo token, which supports both in-game activities and community engagement.

How do I store Shiryo?

To store Shiryo (SHIRYO) tokens securely, you can use a variety of wallet options. Since Shiryo is an ERC-20 token, it can be stored on any wallet that supports Ethereum. Here are some recommended wallet options:

  1. MetaMask: A popular browser extension wallet that allows you to securely store your Shiryo tokens. It is available as a Chrome extension and can be easily installed and set up.

  2. Hardware Wallets: These are highly secure physical devices that store your tokens offline, providing an additional layer of protection against hacking and unauthorized access.

  3. Official Coin Wallet: The official wallet provided by the Shiryo project is another secure option for storing your tokens.

  1. Third-Party Software Wallets: Wallets like Trust Wallet and Binance Wallet are also suitable for storing Shiryo tokens, offering a range of features and security measures.

It is essential to store your tokens outside of exchanges to maintain full control and security over your assets. Always ensure you follow the recommended setup and security procedures for your chosen wallet to protect your Shiryo tokens effectively.

How to buy Shiryo?

To buy Shiryo (SHIRYO) tokens, you can follow these steps:

Buying on Centralized Exchanges (CEXs)
  1. Choose a Reliable CEX: Select a trustworthy centralized exchange that supports Shiryo (SHIRYO) purchases, such as Binance or KuCoin.
  2. Create an Account: Register on the exchange's website or app, providing the required information and setting a secure password. Enable two-factor authentication for added security.
  3. Verify Your Identity: Complete the Know-Your-Customer (KYC) verification process, which may vary depending on your nationality and region.
  4. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
  5. Buy Shiryo (SHIRYO): Use fiat currency or a popular cryptocurrency like USDT to purchase Shiryo (SHIRYO) tokens.
Buying via a Crypto Wallet
  1. Choose a Wallet: Select a reliable crypto wallet that supports Shiryo (SHIRYO) purchases, such as a wallet that allows fiat-to-crypto purchases or one that supports swapping for Shiryo (SHIRYO).
  2. Download and Set Up the Wallet: Download the wallet app, create a new wallet address, and ensure you have the seed phrase securely stored.
  3. Buy or Swap for Shiryo (SHIRYO): Use a supported payment method to purchase Shiryo (SHIRYO) directly or swap another cryptocurrency for it.
Buying on Decentralized Exchanges (DEXs)
  1. Choose a DEX: Select a decentralized exchange that supports Shiryo (SHIRYO) trading.
  2. Set Up a Wallet: Download and set up a Web3 crypto wallet like Metamask or an App wallet like Trust Wallet, which is supported by the DEX.
  3. Transfer Cryptocurrency: Transfer a cryptocurrency like ETH or BNB to your wallet address.
  4. Connect to the DEX: Connect your wallet to the DEX and follow the instructions to trade for Shiryo (SHIRYO).

Remember to check fees, security settings, and any specific requirements for each method before making a purchase.

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History of Shiryo

Shiryo (SHIRYO) is a cryptocurrency launched in 2021 and operates on the Ethereum platform. It was created by a collective of blockchain, DeFi, and trading card game enthusiasts who recognized a gap in the market for a high-quality trading card game that utilizes blockchain technology.

The project aims to develop a blockchain-based trading card game set in the world of Edrea, where players can collect decks and participate in matches. The game is designed to incorporate NFTs and will have various features such as tournaments, land purchases, and a bespoke Dapp for accessing the game.

The Shiryo team has outlined a roadmap for the project, which includes community-led beta tests, a full game release, and further upgrades like 3D Metaverse integration, social spaces, and land expansion options. Additionally, the project plans to establish a DAO for players to decide on game balancing and other aspects.

In terms of token management, Shiryo has implemented token and LP staking to stabilize the price and reward the community for their participation. The project also has a mechanism for burning tokens, where 10% of NFT sales are used to buy back and burn Shiryo tokens.

Overall, Shiryo is a cryptocurrency project focused on creating a blockchain-based trading card game with a strong emphasis on community engagement and development.

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How Shiryo works

Shiryo (SHIRYO) is a blockchain-based play-to-earn trading card game that leverages non-fungible tokens (NFTs) to allow players to collect decks and participate in matches. Here's an overview of how it works:

Token and Staking

The SHIRYO token is the primary currency used within the ecosystem. It can be staked to help stabilize the token's price and earn rewards. Token staking requires a minimum of 20T tokens, and liquidity provider (LP) staking requires a minimum of 20 LP tokens. When tokens are staked, they are locked away in a vault for one week at a time. This encourages investors to hold their tokens, which helps stabilize the price. If tokens are added or removed during this period, the timer resets to one week. There is an 11% transfer tax on the SHIRYO token to support reflections, which also applies to staking and removing tokens.

Gameplay and Rewards

Players can participate in matches and tournaments, earning SHIRYO tokens as rewards. The game is set in the World of Edrea, a continent divided into four elemental factions: Earth, Thunder, Water, and Fire. Players can purchase game items, cards, and decks using the SHIRYO token. The game also features card and avatar wagering, where players can wager cards or avatars before a match, with the victor taking the wagered items.

NFTs and Minting

Players can mint NFTs, which are stored in their wallets. Minting NFTs involves considering gas fees on the Ethereum network. The game also features card packs, which can be minted using accumulated SHIRYO tokens. These packs can be used to play the game or sold on the secondary market.

Metaverse Integration and Roadmap

Shiryo aims to integrate traditional databases and scalable servers to minimize gas fees and enhance the user experience. The game will utilize Ethereum entry and exit points but will not have transactions in the middle of gameplay. The roadmap includes 3D Metaverse integration, social spaces upgrades, land expansion options, and a DAO for players to decide on game balance. Additionally, a manga, anime, and mobile app are planned for release.

Community and Governance

The Shiryo community plays a significant role in the game's development. The team encourages community involvement and has implemented measures to keep social channels clean and friendly. Content creators are provided with a pack to ensure consistency in their content. The game's governance will eventually transition to a DAO, allowing players to make decisions on the game's balance and direction.

Overall, Shiryo combines blockchain technology with a trading card game, offering a unique play-to-earn experience with rewards in the form of SHIRYO tokens and NFTs.

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Shiryo's strengths

The token Shiryo (SHIRYO) has several strengths that make it an attractive investment opportunity:

  1. Play-to-Earn Mechanics: Shiryo is a blockchain-based play-to-earn trading card game that rewards players with SHIRYO tokens for winning games. This mechanic encourages active participation and engagement within the community, fostering a strong user base.

  2. NFT Integration: The game utilizes non-fungible tokens (NFTs) to represent unique digital assets such as avatars and cards. These NFTs can be traded, bought, and sold, providing an additional layer of value to the ecosystem.

  3. Security and Transparency: The Shiryo token contract is renounced, and liquidity is locked for an extended period, ensuring the security and stability of the token. Additionally, the project has been audited by Certik, a reputable blockchain security firm, which further enhances its credibility.

  1. Governance and Staking: SHIRYO tokens can be used for governance purposes, granting holders voting rights and decision-making power within decentralized autonomous organizations (DAOs). The token also supports staking, allowing users to earn passive income by locking up their tokens.

  2. Diverse Use Cases: Shiryo Inu Coin has a wide range of potential use cases beyond gaming, including cross-border transactions, decentralized finance (DeFi) applications, charitable donations, and more. This versatility increases its appeal and potential for adoption.

  3. Strong Development Team: The project is led by a team with diverse skills, including software engineering, social media marketing, and website development. This expertise ensures the continuous improvement and refinement of the Shiryo ecosystem.

These strengths collectively contribute to the token's value and potential for growth, making it an attractive option for investors interested in the cryptocurrency market.

Shiryo's risks

Shiryo (SHIRYO) is considered a high-risk investment due to its significant volatility. Investors should be aware that the cryptocurrency market is known for its unpredictability, and Shiryo is no exception. The token's price can fluctuate rapidly, leading to potential losses if not managed carefully.

One of the primary risks associated with Shiryo is its high risk gauge score, which translates to a high risk investment at the moment. This means that portfolio managers who heavily weigh risk assessment will find Shiryo to be a risky addition to their portfolios.

Another risk factor is the potential for illicit activities, such as money laundering and fraud, which are common threats in the decentralized finance (DeFi) space. Shiryo, being an ERC-20 token, operates within this space and is thus vulnerable to these risks.

Additionally, Shiryo's price prediction is subject to significant fluctuations. While some predictions suggest it could reach new highs in 2024, others indicate it may experience a plunge to zero, although this appears unlikely.

Investors should carefully consider these risks and ensure they have a high tolerance for risk, a strong financial position, and the ability to afford potential losses before investing in Shiryo. Conducting thorough research and investing within one's comfort zone is crucial to mitigate these risks.

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Shiryo's ecosystem

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Shiryo’s team

  • Jordan Fung: CEO, an online business expert with extensive knowledge of web development and design, passionate about blockchain and trading card games.
  • Marcin Gorny: Chief Marketing Officer (CMO), responsible for ensuring that every single person in the target audience has heard of Shiryo, with extensive contacts in DeFi and social media marketing.
  • Tom & Kyle: Website development and design experts, focused on delivering high-quality work.
  • R & M: NFT and Blockchain experts, full-time Dapp developers for Shiryo, creating bespoke Dapps for the project.
  • CUB: Marketing assistants, helping with workload and tasks such as social media graphics.
  • CUB: Design assistants, working on bespoke NFT designs and other visual elements.
  • CUB: Community manager, enforcing order in the Telegram group and responding to messages.
  • Rick: Lead Game Developer, providing updates on the game's development.
  • Connor: Game Developer, working alongside Rick on the game's development.

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