Avalanche Dogs launch update

Published on: 01.11.2021

Shibavax mint page is almost finished, they will be posting it in the next few days. There will be a purchase limit of 10 NFTs per transaction to avoid large wallets buying too many.

There will be no classes (common, rare, etc…), the rarity will be defined by the attributes of each NFT. Obviously some attributes will be much more rare than others.

100 NFTs will be particularly rare and required hours of extra work to make them stand out from the rest. Of these 100, 50 will be animated!

The samurai dog, looks rare

As you know, they have a partnership from the start with Kalao and you will be able to trade your Avalanche Dogs right after minting on their market.

They are also working with Avax Rarity to make a rarity rating of their NFTs available as soon as possible after launch.

Summary of tokenomics:

There will be 10,000 unique NFTs at the cost of 2.5 AVAX each. 10,000 AVAX will be entirely redistributed to the community (40%).

5,000 AVAX will be used for a buyback of $ SHIBX and redistributed to holders of 500 rare NFTs. The holders will receive $SHIBX automatically on their wallets a few hours after the end of the sale.

5,000 AVAX will be used to add liquidity on the AVAX/SHIBX pair on Baguette.exchange and the LP tokens will be burned shortly after. The buyback transactions will be spread over a month to avoid a pump & dump of $SHIBX and to reward the holders.

Most importantly for $SHIBX and NFT holders: There will be a 6% tax on each secondary market sale on Kalao: 3% will go to holders of Avalanche Dogs NFTs and 3% will be used to buyback $SHIBX and add liquidity on the AVAX/SHIBX pair then the LP tokens will be burned. Holders of #AVAXDOGS and $SHIBX will be rewarded in the long run.

If you get an NFT with the ‘Moon mountain’ background (see below) you are one of the 500 lucky winners of the equivalent of 10 AVAX in $SHIBX! (note that 20% will be lost in the purchase and transfer of $SHIBX due to the reflection system of the token)

Moon mountain background (500/10,000)

As soon as the sale is complete, they will begin the buyback of $SHIBX. The buyback will be gradual and we will not give an exact time to avoid manipulation.

Those who have the Moon Mountain background will receive their $SHIBX within 72 hours after all NFTs are sold out.

The buyback of $SHIBX for liquidity will also be gradual and spread over several days. They will publish the transactions proving the liquidity additions and the burn of the LPs.

As for the 3% tax for liquidity, they have developed a smart contract that will automatically use 50% of the $AVAX to buy $SHIBX and then add liquidity every week and automatically burn the LPs. They will publish these contracts after the launch.

Regarding marketing, they have hired a company specialized in marketing blockchain projects, BR-Group, to spread the word about the Avalanche Dogs on all networks and make many sponsored articles on several major crypto news sites.

They will also use the team funds to buy 20 NFTs to organize many giveaways with influencers from the ecosystem and beyond to spread the word about Avalanche Dogs and reward some of the people who have helped us in the last few months.