Switchere, the leading Estonian exchange, has officially announced the listing of Shiba Inu tokens SHIB, LEASH and BONE, weeks after hinting at it.
Over the weekend, the Shiba Inu community dedicated Twitter handle, Shibainuart, indicated the exchange’s move while thanking Switchere for taking the time to learn about Shiba Inu ecosystem tokens SHIB, LEASH and BONE.
Woof! @Shibtoken
We’re excited to announce the listing of $SHIB, $LEASH, and $BONE on our exchange platform!
Buy and exchange Shiba Inu tokens in the fastest and most convenient ways using any available payment method!
https://t.co/vBRJgEFOmw#shibaarmy #shibarmy pic.twitter.com/RYSPl32GVh
— Switchere crypto exchange (@Switchere_com) June 27, 2022
Due to multiple listings over the past year, Shiba Inu is now available for trading on several top crypto exchanges, including Binance, Coinbase, Gemini and others. As reported by U.Today, Shiba Inu made its way to the top crypto exchange Bitstamp in June, after months of teasing its listing. To the joy of Shiba Inu fans, stock brokerage app Robinhood also listed Shiba Inu in April.
In January, Bitso, the largest cryptocurrency exchange in Mexico, announced the listing of Shiba Inu on its platform.
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Shiba Inu price and recent developments
At the time of publication, Shiba Inu was trading down nearly 4.97% at $0.000011. However, the token is still up almost 25% weekly.
According to the latest Shibarium updates released by Unification, Shibarium Private Alpha TestNet is currently being developed in anticipation of the public Beta TestNet deployment, which is planned for Q3. The forthcoming Shibarium Layer 2 is expected to reward validators with BONE, which also acts as “gas.” To this effect, the Shiba Inu team feels it might be necessary to set aside 20 million BONE for validator roles.
Therefore, the community was left with the choice of either allowing over-minting of 20 million BONE for validators, which would boost the total supply of BONE to 270 million, or stop BONE minting at 230 million BONE, thus preserving the total supply at 250 million.
In an official blog post, the Shiba Inu team stated that the proposal to stop all BONE farming once 230 million were minted to preserve the 20 million remaining for Shibarium validators was approved with 97.88% of the vote.
With the passage of the new proposal, the total supply of BONE remains at 250 million.
Shiba Inu Trinity (SHIB, BONE & LEASH) Listed on Top Estonian Crypto PlatformFor the first time ever, all three coins ($SHIB, $BONE & $LEASH) of Ecosystem were placed on a crypto exchange simultaneously. The Tallinn, Estonia based Switchere crypto exchange was happy to welcome aboard the Shib Army on Twitter (NYSE:).
Woof! @Shibtoken We’re excited to announce the listing of $SHIB, $LEASH, and $BONE on our exchange platform! Buy and exchange Shiba Inu tokens in the fastest and most convenient ways using any available payment method! https://t.co/vBRJgEFOmw#shibaarmy #shibarmy pic.twitter.com/RYSPl32GVh
— Switchere crypto exchange (@Switchere_com) June 27, 2022
The official LinkedIn update says ‘Starting today, you will be able to buy and exchange Shiba Inu ecosystem’s tokens in the fastest and most convenient ways using any available payment method’. In addition, every new customer will have a zero-fee transaction as a signup bonus, regardless of the amount.
Switchere CEO Pays Respect to Shib Army
Dmitriy Koval, the CEO of Switchere has praised the Shib army, calling it ‘one of the biggest and most amazing crypto communities we have ever seen. The way they support the ecosystem, as well as its partners, is absolutely amazing.’
Indeed, the SHIB army has made smart moves in recent weeks in an attempt to shake off the crypto winter. Firstly,a recent update on the long-awaited $BONE rewards and the upcoming distribution of Shibburn tokens have sped up the uptrend.
The community voted almost unanimously on not minting new $BONE, thus leaving the cap at 250M. Furthermore, many members of the Shiba Inu (SHIB) community contributed towards burning tokens, with 134 million of SHIB tokens burnt in the last 24 hours alone.
Thirdly, the activity on social media suggests that Shib Army is expanding, on a hot streak on trending tags with #ShibaArmyStayStrong trending during the darkest days of crypto winter.
In the past 24 hours, there have been a total of 134,370,659 $SHIB tokens burned and 14 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) June 28, 2022
Shiba Inu (SHIB) Records Stability in the Last 24 Hours
At press time, the popular dog-themed coin is trading at $0.00001101, which is exactly where it was 24 hours ago, according to CoinGecko. However, Shiba Inu (SHIB) caught a bullish wave in terms of the last 7 days, spiking up by 34.9%.