Shrapnel

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Discover Shrapnel'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 Shrapnel?

Shrapnel (SHRAP) is a multi-faceted utility token native to the blockchain-enabled first-person shooter game Shrapnel. It provides utility and serves as a medium of exchange within the Shrapnel platform, which offers a comprehensive suite of player-creation tools merging combat, creation, curation, and community. The token is an ERC-20 token initially minted on the Avalanche C-chain.

How is Shrapnel used?

Shrapnel (SHRAP) is a multifaceted utility token in the Shrapnel blockchain game. It is earned by players through activities like surviving matches and creating NFTs. The token can be used to acquire vanity items and maps within the game, allowing players to own and control their creations through a unique "play-to-own" model. Additionally, SHRAP grants voting rights on game content and protocol aspects, with potential future use as a gas token to subsidize user fees.

How do I store Shrapnel?

To store Shrapnel (SHRAP) tokens, you can use a digital wallet that supports Avalanche, the blockchain on which SHRAP tokens are built. Here are the steps:

  1. Create a Digital Wallet: You can use a wallet like Metamask, which supports Avalanche and can store SHRAP tokens. Connect your wallet to the Shrapnel platform.

  2. Acquire SHRAP Tokens: You can purchase SHRAP tokens directly on the Shrapnel website using a credit or debit card through the integration with Halliday, Moonpay, or Stripe.

  3. Transfer Tokens to Wallet: Once you have acquired SHRAP tokens, transfer them to your digital wallet. You can do this by hovering over your profile on the Shrapnel website and opening the Shrap transfer option from Metamask.

  1. Secure Your Wallet: Ensure you follow best practices for securing your wallet, such as not sharing your seed phrase and being cautious of scams.

By following these steps, you can safely store and manage your SHRAP tokens.

How to buy Shrapnel?

To buy Shrapnel (SHRAP) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reliable centralized exchange where SHRAP is listed. Popular options include KuCoin, CoinEx, and Bybit. Research the fees, security features, and supported currencies before making a choice.

  2. Create an Account: Register a free account on the chosen exchange by providing personal information such as your name and email address. You may need to complete KYC (Know Your Customer) verification to increase withdrawal limits and unlock additional features.

  3. Make a Deposit: Fund your exchange account using a credit or debit card, or by transferring existing cryptocurrencies. Ensure you have sufficient funds to cover the purchase.

  1. Place a Buy Order: Navigate to the SHRAP trading pair (e.g., SHRAP/USDT) and place a buy order. You can choose between market orders for instant purchases or limit orders to buy at a specified price.

  2. Store Your SHRAP: Once your order is executed, your SHRAP tokens will be available in your exchange account. You can store them there or transfer them to a personal wallet for added security.

Remember to stay informed about market trends and adjust your investment strategy accordingly.

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History of Shrapnel

The history of Shrapnel (SHRAP) began on April 29, 2023, when three billion SHRAP tokens were generated on the Avalanche C-chain. These tokens were then brought to the SHRAPNEL subnet for use within the Shrapnel ecosystem. Shrapnel is a cryptocurrency project that leverages blockchain and crypto-based assets to transform the gaming industry, allowing players to have true ownership of the platform.

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How Shrapnel works

Shrapnel (SHRAP) is a cryptocurrency token used in a blockchain-based first-person shooter game called Shrapnel. The game is built on the Avalanche blockchain and offers a free-to-play experience with play-to-earn elements. Here's how the crypto works:

Token Usage

SHRAP tokens are the utility tokens used within the game. Players can use these tokens to purchase in-game assets, such as customization items and other digital goods. The tokens are also used to facilitate transactions within the game's ecosystem.

Token Acquisition

Initially, players could only acquire SHRAP tokens through cryptocurrency exchanges. However, Shrapnel has implemented an integration that allows players to buy SHRAP tokens directly using credit or debit cards. This integration uses payment gateways like Moonpay and Stripe, making it easier for users to purchase tokens without needing to go through an exchange.

Gameplay and Ecosystem

Shrapnel is a mission-based first-person shooter game that incorporates blockchain technology. The game features a map progression system where arena owners and curators can promote maps to attract players. As players engage with these maps, the SHRAP tokens within them increase in value, and the top-performing maps move closer to the podium.

Token Value and Impact

The SHRAP token has been gaining traction, with significant transaction volumes on the Avalanche blockchain. According to Messari, Shrapnel's activity contributed to a 43% quarter-over-quarter increase in daily average transactions on Avalanche.

Community and Development

Shrapnel has a strong community and is actively being developed by an award-winning team of game industry veterans. The game is expected to have a significant impact on the gaming and blockchain industries, with its play-to-earn elements and user-friendly token acquisition system.

Overall, Shrapnel (SHRAP) is a cryptocurrency token that powers a blockchain-based first-person shooter game, offering a unique gaming experience with play-to-earn elements and easy token acquisition.

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Shrapnel's strengths

The token Shrapnel (SHRAP) has several strengths that make it an attractive investment opportunity:

  1. Utility and Governance: SHRAP serves as both a utility and governance token within the Shrapnel ecosystem, providing a medium of exchange and allowing holders to participate in decision-making processes.

  2. Play-to-Earn Mechanism: Shrapnel's play-to-earn mechanism allows players to earn SHRAP tokens by playing the game and creating NFT content, which can be traded on the Shrapnel marketplace. This mechanism incentivizes gameplay and fosters a vibrant community of creators.

  3. AAA-Quality Game: Shrapnel is the first AAA-quality Web3 first-person shooter game, offering a high-quality gaming experience comparable to traditional AAA titles. This is achieved through the integration of Unreal Engine 5.2 and Anybrain, ensuring a high level of visual and audio quality.

  1. Experienced Development Team: The game is developed by a team with extensive experience in game design, software development, and animation art. The team includes experts with a history of success in both gaming and technology, ensuring a well-crafted and engaging gaming experience.

  2. Player Empowerment: Shrapnel empowers players to become creators, curators, and landowners, allowing them to craft custom logos, weapon designs, and maps. These creations can be sold on the Shrapnel marketplace, giving players a sense of ownership and control over their gaming experience.

  3. Limited Supply: SHRAP has a maximum supply of 3 billion tokens, which helps maintain its value and scarcity.

  1. Growing Potential: The game's focus on player-generated content and its integration with blockchain technology provide a promising future for the SHRAP token, with potential for growth and increased adoption.

These strengths position SHRAP as a unique and attractive investment opportunity in the world of cryptocurrency and gaming.

Shrapnel's risks

Shrapnel (SHRAP) carries several financial risks that investors should be aware of before investing. These risks include:

  • Volatility: Cryptocurrencies like SHRAP are known for their high price fluctuations, which can result in significant losses if not managed properly.
  • Regulatory Uncertainty: The lack of clear regulations and tax laws for cryptocurrencies can create uncertainty and potential legal issues.
  • Security Risks: Cryptocurrencies are susceptible to hacking and other security breaches, which can lead to the loss of funds.
  • Market Risks: SHRAP, like other cryptocurrencies, is subject to market forces and can be affected by changes in supply and demand, leading to price drops.
  • Infrastructure Risks: The underlying blockchain technology and infrastructure supporting SHRAP can be vulnerable to errors, forks, or discontinuation events, which can impact the token's value.
  • Liquidity Risks: If there is low liquidity in the market, it can be difficult to buy or sell SHRAP tokens quickly and at a fair price.
  • Counterparty Risks: When trading through brokers or exchanges, there is a risk that the counterparty may default on their obligations, leading to losses.

It is essential for investors to understand these risks and take necessary precautions before investing in SHRAP or any other cryptocurrency.

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Did Shrapnel raise funds?

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Shrapnel’s team

  • Head of Community: The team member responsible for managing and engaging with the community of Shrapnel (SHRAP) token holders and enthusiasts.
  • Head of Marketing: This team member focuses on promoting the SHRAP token and the Shrapnel game to attract new users and investors.
  • Francis Brankin: The Head of Economy, bringing expertise in technical applications and blockchain to ensure the token's economic viability.
  • Calvin Zhou: A key team member contributing to the development and growth of the SHRAP token and the Shrapnel game.
  • Mark Long: A team member with experience in AAA games and blockchain projects, helping to shape the Shrapnel game and token ecosystem.
  • Aaron Nonis: A skilled professional working on the Shrapnel project, leveraging expertise from AAA games and blockchain projects.
  • Don Norbury: A team member involved in the development and marketing of the SHRAP token and the Shrapnel game.
  • Todd Gilbertsen: A key contributor to the Shrapnel project, bringing expertise from AAA games and blockchain projects.
  • Jay Prochaska: A team member working on the Shrapnel game and token, with a background in AAA games and blockchain projects.
  • Mark Yeend: A skilled professional involved in the development and growth of the SHRAP token and the Shrapnel game.

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The fundamental analysis assistant for crypto value investors.

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