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View ChartShoeFy is a decentralized platform that merges Non-Fungible Tokens (NFTs) and Fungible Tokens (FTs) into a single ecosystem. Built on the Ethereum blockchain, ShoeFy introduces two native token types: $SHOE, an ERC-20 fungible token, and sNFTs, which are ERC-721 non-fungible tokens representing algorithmically generated digital shoes. Each sNFT is a unique, on-chain digital sneaker with distinct attributes.
The platform is designed to address NFT liquidity challenges by implementing an ERC-20/ERC-721 liquidity pair, allowing users to swap sNFTs for $SHOE tokens and vice versa at any time. ShoeFy incorporates DeFi tools such as staking and yield farming to generate passive income for participants.
The total supply of $SHOE is capped at 100,000,000 tokens, with approximately 13,013,746.88 SHOE in circulation. ShoeFy launched on October 18, 2021 on Ethereum, after a fundraising period that ran from October 11 to October 19, 2021 and included seed, private, strategic, community, and public sale rounds.
Total supply and max supply are both 100,000,000 SHOE, with 13,013,746.88 SHOE in circulation (about 13.01% of total supply), per CoinMarketCap registry data. Some third-party trackers list different figures.
Token allocation and vesting: Team & Advisors unlock 0% at TGE with a 6-month cliff and 25% quarterly thereafter; Marketing and Development each have a 1-month cliff, 2% at TGE, then 8% monthly; Ecosystem unlocks 0% at TGE and 5% monthly.
ShoeFy is led by a team of blockchain venture capitalists, NFT developers, and marketing specialists distributed across Europe, Canada, South Korea, and Thailand. The project is registered as a cryptocurrency startup based in Panama City, Panama.
ShoeFy is registered as a cryptocurrency startup based in Panama City, Panama, and raised $3.6M in seed funding from 5 investors.
ShoeFy operates through two primary token mechanisms. The first involves sNFTs, which are algorithmically programmed unique digital shoes generated on-chain. Users can stake their sNFTs on the platform to earn passive income denominated in $SHOE tokens. The second mechanism is NFT farming, where users stake $SHOE tokens to farm various categories of sNFTs.
To solve NFT liquidity issues, ShoeFy introduces an ERC-20/ERC-721 liquidity providing pair. This allows traders to swap their sNFTs for $SHOE tokens and vice versa at any time, creating a more fluid market for digital collectibles. The platform uses DeFi staking and farming mechanisms; returns depend on token price and platform activity and are not guaranteed. SHOE has traded far below its all-time high, and holders face substantial price risk.
ShoeFy is designed to address NFT liquidity issues through an ERC-20/ERC-721 liquidity pair that lets traders swap sNFTs for $SHOE and vice versa. Whether this design achieves deep liquidity in practice depends on trading activity. The algorithmic generation of sNFTs ensures each digital shoe is unique, enhancing scarcity and collectibility.
The ERC-20/ERC-721 liquidity pair represents a practical solution to the illiquidity often associated with NFT markets, enabling seamless exchange between fungible and non-fungible assets. ShoeFy has stated plans to expand into gaming, collectibles, and the metaverse, and later into other merchandise categories through partnerships with fashion brands. These are stated plans, not completed milestones.
$SHOE serves multiple functions within the ShoeFy ecosystem. It is the primary medium for staking rewards, as users who stake their sNFTs earn passive income in $SHOE tokens. The token is also used in NFT farming, where users stake $SHOE to farm different categories of sNFTs. Furthermore, $SHOE facilitates liquidity provision through the ERC-20/ERC-721 pair, allowing holders to swap between sNFTs and $SHOE tokens freely.
ShoeFy has outlined plans to expand across multiple sectors. The project aims to establish a presence in gaming, collectibles, and the metaverse, leveraging its digital kicks as unique assets. Future expansion includes entering additional merchandise categories and forming partnerships with reputable fashion brands.
Round pricing ranged from $0.15 (seed, $15M valuation) through $0.20 and $0.25 (private rounds) to $0.35 (strategic), $0.40 (community), and $0.50 (public, $50M valuation).
The project completed a $3.65 million private round in October 2021. Private-round backers include AU21 Capital, RedHat Capital, Halvings Capital, BMW Capital, DuckDao, Gate.io Labs, Moonwhales Ventures, ExNetwork Capital, and Basics Capital. Across all rounds the project lists 19 backers, including BitMart, GBIC, Brilliance Ventures, Oddiyana Ventures, and Dreamboat Capital.
Public sales ran on four launchpads in October 2021: Moonstarter (hard cap $70,000, Oct 12), Kommunitas (hard cap $20,000, Oct 12), DuckStarter (hard cap $142,500, Oct 13–14), and TruePNL (hard cap $50,000, Oct 19).
ShoeFy has no mining mechanism. $SHOE is an ERC-20 token on Ethereum; new tokens are not produced by block rewards. Instead, holders earn $SHOE by staking sNFTs (ERC-721 digital shoes) and by staking $SHOE to farm sNFTs, with rewards distributed from the platform's token allocation rather than from proof-of-work issuance. The platform's liquidity pair also enables users to swap between sNFTs and $SHOE tokens as needed.
Store your $SHOE tokens in a secure wallet that supports ERC-20 tokens. Hardware wallets offer the highest level of security for long-term holdings. Always verify the official contract address before interacting with any platform. Use the official ShoeFy website and GitBook documentation for accurate information. Enable two-factor authentication on any exchange accounts holding SHOE. Be cautious of phishing attempts and unofficial links. Since sNFTs are ERC-721 tokens, store them in wallets that support NFT standards. Regularly review wallet permissions and revoke access to any unused or suspicious applications.
Risks and uncertainties: the price of $SHOE can be highly volatile, and returns from staking and farming are not guaranteed. Regulatory treatment of crypto assets may change across jurisdictions and could affect access to the platform. Smart contract and technical risks, including bugs or exploits, remain present. The points above describe mechanisms and stated plans, not assurances of future performance.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for SHOE are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of ShoeFy (SHOE) is $0.000108. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated SHOE to USD rate at the top of BTCC’s price page. In terms of market scope, ShoeFy records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $1.39996K. Its current circulating supply stands at 13.01M out of a maximum supply cap of 100M.
The price volatility of ShoeFy (SHOE) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (13.01M) to max supply (100M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, ShoeFy (SHOE) hit an all-time high (ATH) of $1.723775 on 2021-11-16 07:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at -- on 2021-10-19 14:05. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading SHOE futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s SHOEUSDT perpetual contracts support two-way trading. If you anticipate a price decline for ShoeFy, simply log into your BTCC account with USDT margin available, navigate to the SHOEUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for SHOEUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.000108), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for SHOEUSDT with zero financial risk.
Trading ShoeFy (SHOE) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for SHOEUSDT, and review its live price ($0.000108) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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