SHFL is an ERC-20 token that operates on the Ethereum blockchain. It is interwoven with Shuffle gaming experiences and players on the site can use it as any other coin. Players can buy assets within the website, wager on games, and trade with other currencies. The Ethereum network provides scalability and security, as well as the infrastructure for the token to work well.
There are 1 billion SHFL tokens created. However, only a part of them have been released. You can buy the tokens on participating cryptocurrency exchanges or earn them as rewards on Shuffle Casino. The casino expects to have burn events in the future to reduce the number of coins in circulation and maintain the demand pressure.
A Bit About Shuffle
SHFL can be described as a gaming wager token. The team behind its creation wanted to provide players with an opportunity to experience cryptocurrency gaming with a native coin. This is the reason the coin was first attached to the gaming website. While the real faces behind the creation of the coin were not unveiled by the casino, we believe it was a team of gambling enthusiasts who wanted to interweave the casino gaming experience with a native token to open up more opportunities to gamers on the website.
At the moment, this coin is limited to gaming. However, we expect to see it support various other applications in the future since it is based on the ERC-20 standard that supports dApps and other innovations like DeFi.
Shuffle Casino's own in-house token is here!CryptoLists.com
Shuffle (SHFL) is a native token for the Shuffle gaming website. It enables players on the casino to make in-game purchases, transact, wager, and earn rewards for their activities within the website Shuffle casino is a gaming website that provides immersive crypto gaming experiences. The cryptocurrency token is built on the ERC-20 standard on the Ethereum blockchain. Therefore, it uses the extensive ecosystem of the blockchain and can be integrated with compatible decentralized applications and wallets.
On the Shuffle website, players can use the coin for all their purchases. The supply of the coins is limited to 1 billion tokens. These will be released in a series of steps that include airdrops over time. Shuffle plans to have buyback and burn events where it will mop up some coins in circulation and burn them to maintain the coin demand pressure for a high price.
Utility of Shuffle?
Presently, the SHFL token is primarily based on Shuffle Casino, where players can use it for wagering, trading, and making in-game purchases. The casino also uses it to reward players who have been playing on the casino for a considerable time. Those who are not on the gaming site can buy the coin on cryptocurrency exchanges as an investment.
Several benefits come with owning this coin. First, the holders of the coin can use the coin as wager assets and earn from the results of the games they bet on. Second, SHFL will have a buyback and burn opportunity where holders of the coin will see the value of the tokens they hold skyrocket as the demand goes up. Third, SHFL holders will gain exclusive access to enhanced offers, raffles, and exclusive VIP bonuses.
Shuffle Price details
ETH Contract address: 0x8881562783028F5c1BCB985d2283D5E170D88888
›› Details & Tokenomics
Advantages of Shuffle
+ Since it is an ERC-20 coin on Ethereum, it enjoys all the benefits of the blockchain, including scalability, wide compatibility and security+ Players can use SHFL tokens to buy features on games, unlock premium bonuses, and trade in the Shuffle gaming website
+ Coin holders expect an increase in the value of their tokens due to the buyback and burn events scheduled in the future to maintain high demand
+ SHFL has been gaining traction and can now be exchanged for other e-currencies on various cryptocurrency exchanges
+ SHFL can support additional blockchain activities like DeFi and smart contracts in the future since it is based on the Ethereum blockchain
Disadvantages
- SHFL incurs gas fees since it runs on the Ethereum blockchain, which may get quite high over time- This token does not offer any staking rewards for holders, which limits opportunities for passive income
- The future of the coin is not yet defined as it has been in the market for less than a few years
- SHFL is tied to the Ethereum network where the cost of transactions and scalability issues may affect its utility
- Apart from gaming, this casino has not been used out there as a utility coin, which limits its potential
Costs
▪ Rated at 9/10Since SHFL is an ERC-20 token, it is subject to Ethereum gas fees. However, it is designed with micro-transactions in mind. Therefore, the cost of transactions is significantly lower than you would pay on the Ethereum network. However, expect the cost of each transaction to be about 1% of the amount of cash you transfer.
While this amount is significantly lower than you pay when using Ethereum, it is significantly higher than you would pay with many other coins like Solana. Remember, you only pay the amounts when transferring cash to a different wallet, which includes purchases within the casino. There are no charges for each gaming round you make with the cryptocurrency.
Reputation and Buzz
▪ Reputation rated at 8/10▪ Buzz rated at 7.5/10
Shuffle has enjoyed positive feedback from players of the Shuffle Casino and the general crypto world. This is because the casino itself is a reputable gaming website that has built a strong community around the brand. Second, the new token offers real benefits to holders, especially those looking to expand their opportunities beyond casino gaming. It has received positive coverage from players in the crypto gaming world and news outlets. This has been key in the increased adoption of the coin.
FAQ
Where can I use Shuffle (SHFL)?
You can use the token to make in-game purchases on Shuffle Casino, wager on available games, and wager on various titles. You can also buy coins on crypto exchanges as an investment.
What blockchain is Shuffle token supported on?
Shuffle (SHFL) is based on the Ethereum blockchain and has been created using the ERC-20 standard. It can support decentralized apps and wallets compatible with the blockchain.
History of Shuffle
February 2023 - Shuffle Casino breaks into the market.
February 2024 - Shuffle cryptocurrency is released by Shuffle Casino to aid players in making cryptocurrency wagers with a native coin.
March 2023 - Shuffle officially integrates SHFL tokens into its gaming website. Now, players can buy the asse4t and use it to make wagers and other in-site purchases. Shuffle casino facilities conversions between the token and other currencies.
March 2024- SHFL is now available in several cryptocurrency exchanges like Uniswap, XT.com, Backpack Exchange, and Bilaxy, among others. This allows non-gamers to invest in the token.
June 2024 – SHFL starts building a community of cryptocurrency enthusiasts and gamers. This helps drive the discussions based on the utility of the coin and its access to several cryptocurrency exchanges.
Screenshots from Shuffle
Shuffle details and tokenomics
