UPDATED: March 5, 2024 2:43 PM EST
Crypto casino Shuffle has partnered with decentralized launch platform Bazaar to help strengthen its liquidity bootstrapping pool (LBP), which makes up the on-chain liquidity of tokens.
The partnership comes ahead of Shuffle’s airdrop in early March, which will see 10% of the 1 billion SHFL token supply distributed. The LBP will take place from March 10 at 5:00 PM ET (10:00 PM UTC) to March 13 at 5:00 PM ET (10:00 PM UTC), according to a release shared with The Block.
Shuffle’s partnership with Bazaar also facilitates cross-chain accessibility with users on Ethereum, Base, Arbitrum, Polygon, ZkSync and Optimism.
“This partnership between SHFL and Bazaar represents a leap forward in token launch methodologies and promises a fair, secure, and dynamic participation experience for our community,” Shuffle wrote in a release. “As per the LBP conclusion, Airdrop 1 will be claimable on the platform, marking the end of SHFL’s first airdrop and the full launch of the SHFL token.”
Shuffle plans to distribute 28% of its token supply through three airdrops, with the next two airdrops each releasing 9% of the total SHFL tokens over the next few years, The Block previously reported.
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 the publication, covering all crypto news, but with a bias toward NFT, metaverse, web3 gaming, finance, crime, hack, and crypto ecosystem stories. MK is a graduate of New York University’s Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.
