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.
Shiryo (SHIRYO) is a cryptocurrency token that serves multiple purposes within the Shiryo ecosystem. Here are the primary ways it is used:
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.
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.
LP Staking: Similar to token staking, LP staking involves locking liquidity provider tokens to support the token's liquidity and earn rewards.
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.
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.
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.
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:
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.
Hardware Wallets: These are highly secure physical devices that store your tokens offline, providing an additional layer of protection against hacking and unauthorized access.
Official Coin Wallet: The official wallet provided by the Shiryo project is another secure option for storing your tokens.
- 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.
To buy Shiryo (SHIRYO) tokens, you can follow these steps:
Buying on Centralized Exchanges (CEXs)- Choose a Reliable CEX: Select a trustworthy centralized exchange that supports Shiryo (SHIRYO) purchases, such as Binance or KuCoin.
- 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.
- Verify Your Identity: Complete the Know-Your-Customer (KYC) verification process, which may vary depending on your nationality and region.
- Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
- Buy Shiryo (SHIRYO): Use fiat currency or a popular cryptocurrency like USDT to purchase Shiryo (SHIRYO) tokens.
- 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).
- Download and Set Up the Wallet: Download the wallet app, create a new wallet address, and ensure you have the seed phrase securely stored.
- Buy or Swap for Shiryo (SHIRYO): Use a supported payment method to purchase Shiryo (SHIRYO) directly or swap another cryptocurrency for it.
- Choose a DEX: Select a decentralized exchange that supports Shiryo (SHIRYO) trading.
- 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.
- Transfer Cryptocurrency: Transfer a cryptocurrency like ETH or BNB to your wallet address.
- 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.