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. SHRAP is an ERC-20 token created on the Avalanche C-chain and brought to the Shrapnel subnet for use; it also has an Ethereum contract. The token 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 was founded in 2021; the SHRAP token launched on Avalanche in April 2023 and its Ethereum contract launched on October 12, 2023.

Key Specifications & Tokenomics

• Name: Shrapnel
• Symbol / Ticker: SHRAP
• Blockchain / Platform: Avalanche C-Chain (ERC-20); also has an Ethereum contract
• 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 (Ethereum): 0x31e4efe290973ebe91b3a875a7994f650942d28f
• Contract Address (Avalanche C-Chain): 0xd402298a793948698b9a63311404FBBEe944eAfD
• Explorers: etherscan.io
• Official Website: https://www.shrapnel.com/
• Whitepaper: https://files.radon.gg/whitepaper.pdf
• CertiK Rating: 3.8 out of 5
• 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, and Star Wars. The team leadership has earned multiple awards and nominations for their previous work. The team states that SHRAPNEL has won six industry awards so far. Shrapnel is tagged in the DWF Labs Portfolio category on CoinMarketCap. 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 the 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 team states that SHRAPNEL has won six industry awards so far, underscoring its commitment to quality. 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. SHRAP is used to pay validators in the Shrapnel subnet, giving players and creators a gasless experience, and to secure a callsign (gamer name/tag) on the Shrapnel website. Players can acquire SHRAP on supported exchanges and through the in-game economy. Crypto.com offers SHRAP conversion pairs with 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 CoinMarketCap, Shrapnel is tagged under gaming, collectibles-nfts, ethereum-ecosystem, avalanche-ecosystem, bnb-chain-ecosystem, and dwf-labs-portfolio. Shrapnel was listed on CoinMarketCap on November 8, 2023. The project has a significant holder base of approximately 30.55K holders. However, the ecosystem has faced challenges. The token has faced significant price decline from its all-time high, and Bybit's TradeGPT price analysis has noted delisting from major platforms, with liquidity sharply contracting due to compliance reviews.

How to mine Shrapnel?

Shrapnel (SHRAP) is an ERC-20 utility token, not a mined coin. It is used to pay validators in the Shrapnel subnet, giving players and creators a gasless experience, and to secure a callsign on the Shrapnel website. The token is not mined through proof-of-work or similar consensus mechanisms. Instead, SHRAP 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.

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 ERC-20 tokens. Since SHRAP is an ERC-20 token on the Avalanche C-chain with an Ethereum contract, 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 Ethereum contract address is 0x31e4efe290973ebe91b3a875a7994f650942d28f, and the Avalanche C-Chain contract address is 0xd402298a793948698b9a63311404FBBEe944eAfD; the token can be explored on etherscan.io.

Risks and uncertainties

SHRAP, like other cryptocurrency tokens, carries risks. Its price can be highly volatile and may be influenced by market sentiment, liquidity conditions, and broader crypto market trends. Regulatory policies in different jurisdictions may affect how the token can be traded or used, and changes in rules could impact availability on exchanges. Technical risks also exist, including smart contract vulnerabilities and the security of wallets and platforms used to hold or trade the token. These factors should be considered carefully, and nothing here should be treated as a guarantee of future performance.