Binance is listing SHIB token in the Innovation Zone
Binance announced today that it would list SHIBA INU (SHIB) token in the Innovation Zone. The exchange will also open trading for SHIB/BUSD, as well as SHIB/USDT trading pairs, on May 10, 2021. Investors can already start depositing SHIB in preparation for trading.
SHIBA INU (SHIB) is a decentralized Meme token. It began as an experiment in decentralized community building. SHIB is similar to Dogecoin. It is also the native token of SHIBA INU. According to its creators, it will be the first token to be used as an incentive for using ShibaSwap, a decentralized exchange.
SHIBA’s community already counts 220k+ members, and it’s still growing. SHIB allows customers to hold billions or trillions of them. Users nicknamed it the DOGECOIN KILLER as there is some rivalry between this ERC-20 token and Dogecoin.
The team locked 50% of the token’s total supply to Uniswap and burned the remaining 50% to Vitalik Buterin. They were the first project following this path. Thus, everyone has to buy on the open market, ensuring a fair distribution where devs don’t own team tokens.
What about LEASH and BONE?
The company initially planned LEASH to be a rebase token pegged to the price of Dogecoin. However, the team stated that it has been unleashed and will not rebase. There is a total of 100k LEASH tokens in circulation, and it has the opposite appeal to Shib. The latter also has a much larger supply.
There is also the second token incentivized on the swap. It offers special rewards for users who provide liquidity. The team announced that BONE Dogecoin Killer is their next token. According to them, Shiba Inu Bone will take the power of Defi to the next level.
Thus far, investors could buy or sell SHIB or LEASH safely on Uniswap. However, from today it’s available on Binance, as well.
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