Shuffle Monster price is $0.22597900
Shuffle Monster (SHUF) has seen its price increased today by +0.00% to current price of $ 0.22597900. Keep in mind that cryptocurrency prices are highly volatile, and the price can change rapidly within short periods.
Shuffle Monster (SHUF) is a cryptocurrency project with a unique twist on token distribution. It is designed to incentivize the holding and trading of tokens in a playful manner, by automatically reshuffling a percentage of tokens among current holders every time a transaction occurs. This mechanism aims to create a dynamic and engaging community where the 'game' element of token ownership is emphasized.
Shuffle Monster was launched by an unidentified team or individual. The culture in the cryptocurrency space often has projects where creators opt for anonymity, which can be due to various reasons ranging from personal security to the decentralized ethos of the industry.
Shuffle Monster works by applying a unique transaction fee structure that takes a small percentage of tokens from each transaction and redistributes them among existing holders. This means that every time SHUF is traded, all holders have a chance to receive a little more SHUF in their wallets, essentially "shuffling" the tokens around. This creates an interesting dynamic as it rewards users simply for holding the token and participating in the ecosystem.
Shuffle Monster sets itself apart with its shuffle mechanism that creates a gamified experience. Unlike traditional tokens where holders benefit solely from increases in token value, SHUF holders have the added excitement of potentially receiving more tokens with each transaction that occurs on the network. This could encourage a more active community and possibly affect trading patterns in distinctive ways.
Information on how Shuffle Monster secures its network might not be widely available unless specified by the project's developers. Common security measures in the cryptocurrency space include the use of blockchain technology, smart contracts that are audited, and security protocols to deter hacking and fraudulent activities.
Shuffle Monster's exact circulating supply is , and generally, for token projects like SHUF, there could also be a predefined total supply, which is 1.0M. The circulation of tokens can affect its overall market dynamics, scarcity, and value.
While Shuffle Monster might not have the same broad ambition as major cryptocurrency projects aimed at revolutionizing financial systems or providing decentralized applications, its role lies in bringing a unique and playful trading experience to the cryptocurrency marketplace. It adds diversity to the range of available cryptos by offering a new engaging mechanic for token holders.
Keeping your Shuffle Monster tokens safe involves common cryptocurrency safety practices. It is important to store your SHUF in a secure wallet, preferably a hardware wallet for the best security if you're holding a substantial amount. Always ensure to keep your private keys private, use strong and unique passwords, and be wary of phishing attempts and scam websites.
Shuffle Monster (SHUF) can be purchased on the . When considering purchasing any cryptocurrency, it’s important to use reputable exchanges and carry out due diligence on the project and the platform to ensure a safe transaction.
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