Shrapnel PriceSHRAP

What is Shrapnel (SHRAP)?

Shrapnel (SHRAP) is the native token of an award-winning, free-to-play, team-based first-person extraction shooter set in a post-apocalyptic world. The game is developed by Neon Machine (also known as NEON) and represents a convergence of AAA gaming and blockchain technology. Shrapnel operates on the Ethereum platform and allows players to own in-game items as NFTs while also enabling custom content creation. The SHRAP token serves as the backbone of the in-game economy, facilitating transactions in the community marketplace where players can trade, sell, or buy in-game assets. Shrapnel is described as a deflationary cryptocurrency with a maximum supply of 3,000,000,000 SHRAP tokens. The cryptocurrency launched in 2021, with its token generation event and exchange listings occurring in late 2023.

Key Specifications & Tokenomics

• Name: Shrapnel
• Symbol / Ticker: SHRAP
• Blockchain / Platform: Ethereum
• Category: Gaming, Collectibles & NFTs, DWF Labs Portfolio
• Total Supply: 3,000,000,000 SHRAP
• Max Supply: 3,000,000,000 SHRAP
• Circulating Supply: 2,903,961,292 SHRAP
• Contract Address (Base): 0x66b59252d3a5edaaf7e78f2bff203bf81ff6d081
• Explorers: etherscan.io
• Official Website: https://www.shrapnel.com/
• Whitepaper: https://files.radon.gg/whitepaper.pdf
• CertiK Rating: 3.8
• Launch Year: 2021

Who created Shrapnel?

Shrapnel is developed by Neon Machine (also referred to as NEON), a studio comprised of industry experts from AAA games and blockchain projects. The team includes designers, producers, artists, and programmers working at the nexus of games and innovation. Collectively, they have produced some of the biggest game franchises in the world, including Bioshock, Ghost of Tsushima, Halo, Star Wars, Call of Duty, CS-GO, and Ghost Recon. The team leadership has earned multiple awards and nominations for their previous work, and Shrapnel has already won six industry awards. The project is backed by investors including DWF Labs, and according to ICODrops, Shrapnel raised a total of $57.6M across 6 completed rounds.

How does Shrapnel work?

Shrapnel is an objective-driven 4v4 FPS with Operator abilities, set in the Sacrifice Zone—a frontier scarred by a lunar impact. The game is set in the year 2038, following a catastrophic asteroid collision with the moon. Years later, meteorites containing a mysterious and valuable substance frequently rain down on Earth. Players fight as a MEF (Mercenary Extraction Force) Operator, tasked with collecting this mysterious meteorite substance, surviving in military combat, and extracting alive. The progression system provides long-term goals and rewards for their Operator character. The game combines skill-based multiplayer gameplay with blockchain-powered features, including true digital ownership of in-game items as NFTs and creative modding tools. The SHRAP token facilitates transactions within the community marketplace, forming the backbone of the in-game economy.

What makes Shrapnel unique and valuable?

Shrapnel distinguishes itself through its AAA production quality and the pedigree of its development team, which includes veterans from some of the most successful game franchises in history. The game is a moddable extraction FPS that combines high-stakes skill-based play with a suite of creator tools and a community marketplace. True digital ownership is powered by blockchain, allowing players to own in-game items as NFTs and create custom content. The project has already won six industry awards, underscoring its commitment to quality. Shrapnel is described as a deflationary cryptocurrency, with its total supply representing on-chain supply minus burned tokens. The integration of blockchain technology with a competitive extraction shooter creates a unique ecosystem where players can potentially monetize their skills and creativity.

What is Shrapnel used for?

The SHRAP token serves multiple functions within the Shrapnel ecosystem. Primarily, it acts as the backbone of the in-game economy, facilitating transactions in the community marketplace where players can trade, sell, or buy in-game assets. Players can purchase SHRAP tokens using credit or debit card payments directly via the game's website, a feature enabled by Neon Machine on May 8, 2024. The token is also used to reward players for developing their Operator character through the progression system. As a deflationary cryptocurrency, SHRAP's total supply is managed through token burns, potentially increasing scarcity over time. The token is listed on various platforms and is available for trading against multiple fiat currencies including AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW.

How Is the Shrapnel ecosystem developing?

The Shrapnel ecosystem is centered around the game itself, which is described as a first-person extraction shooter where players fight as MEF Operators. The game features a community marketplace, creator tools, and a progression system that provides long-term goals. On May 8, 2024, Neon Machine enabled Shrapnel players to purchase SHRAP tokens using credit or debit card payments direct via the game's website. The project is categorized under the Avalanche Ecosystem and Gaming on Coinpedia Markets, and Shrapnel on Base has a contract address of 0x66b59252d3a5edaaf7e78f2bff203bf81ff6d081. The token is listed on multiple platforms including Bitget, which listed Shrapnel (SHRAP) on November 8, 2023. The project has a significant holder base of approximately 30.55K holders. However, the ecosystem has faced challenges, with significant price decline from its all-time high and reports of top-level employees leaving the project.

How to mine Shrapnel?

Shrapnel (SHRAP) operates on the Ethereum platform as a token, and there is no traditional mining mechanism associated with it. The token is not mined through proof-of-work or similar consensus mechanisms. Instead, SHRAP is a utility token that powers the in-game economy of the Shrapnel extraction shooter. Players can acquire SHRAP tokens through purchasing them on supported platforms, participating in the game's economy, or potentially through staking or other ecosystem incentives if such programs are available. The token's deflationary nature means that tokens may be burned over time, reducing the total supply. Detailed public information on specific staking or earning mechanisms is currently limited.

How to keep your Shrapnel Coin safe?

To keep your Shrapnel (SHRAP) tokens safe, it is recommended to store them in a secure cryptocurrency wallet that supports Ethereum-based tokens. Since SHRAP operates on the Ethereum platform and also on Base, you can use compatible wallets that support ERC-20 tokens. For long-term storage, consider using a hardware wallet that keeps your private keys offline. Always ensure you are using the official Shrapnel website and verified contract addresses when interacting with the token. Be cautious of phishing attempts and only use reputable platforms for trading. Since Shrapnel is traded on multiple markets, verify the authenticity of any exchange before conducting transactions. Additionally, keep your wallet software updated and never share your private keys or seed phrases with anyone. The contract address on Base is 0x66b59252d3a5edaaf7e78f2bff203bf81ff6d081, and the token can be explored on etherscan.io.