Updated: March 5, 2024 2:43 PM EST
Cryptocurrency casino Shuffle has partnered with decentralized launchpad Bazaar to power its Liquidity Bootstrapping Pool (LBP), which creates on-chain liquidity for tokens.
This partnership comes ahead of Shuffle’s airdrop in early March, during which 10% of the 1 billion SHFL token supply will be distributed. According to a release shared with The Block, LBP will occur from 5 PM on March 10 (22:00 UTC) to 5 PM on March 13 (22:00 UTC).
Shuffle’s partnership with Bazaar promotes cross-chain accessibility with users of Ethereum, Base, Arbitrum, Polygon, ZkSync, and Optimism.
“This partnership between SHFL and Bazaar represents a leap forward in our token launch methodology and promises a fair, secure, and dynamic engagement experience for our community,” Shuffle said in a press release. “Following the conclusion of LBP, Airdrop 1 will now be claimable on the platform, marking the end of SHFL’s first airdrop and the full launch of SHFL tokens.”
Shuffle plans to distribute 28% of its token supply through three airdrops, with two subsequent airdrops each releasing 9% of the total SHFL tokens over the next few years, The Block previously reported.
“Bazaar makes the launch of SHFL as open as possible. We are very excited to be working with them for the first phase of the SHFL launch and airdrop,” a Shuffle representative told The Block.
(Update LBP period.)
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About the author
MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for publications covering all cryptocurrency-related news, preferring NFTs, metaverse, web3 games, fundraising, crime, hacking, and cryptocurrency ecosystem stories. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. X You can follow MK at @MManoylov and on LinkedIn.