Altcoins News
By Maheen Hernandez
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OKEx is the first major exchange to list Shiba Inu's SHIB token. The token can now be traded against USDT on the OKEx spot and perpetual swap markets.
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SHIB, a "meme coin," is evolving to be in the top 30 cryptocurrencies in terms of market capitalization, per CoinMarketCap.
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It is also known as the "Dogecoin killer," SHIB being an ERC-20 token, took off like an experiment in an attempt to create a spontaneous decentralized community.
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The main goal is to provide for a fair distribution of tokens. The founders put away 50% of the total SHIB in Uniswap, and the rest burned, honoring Vitalik Buterin.
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OKEx platform appreciated the experimental spirit of Shibu Inu and stated that memetic tokens would provide for a comprehensive investment experience for their valued customers.
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Shib tweeted: “SHIB has reached 300,000 holders. We were 200,000 just 54 hours ago.”
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This number is iterating very quickly. They call their White paper woofpaper.
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This ERC-20 ONLY token will be able to remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking).
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Lease was originally set to be a rebase token pegged to the price of Dogecoin. Now, it has been unleashed and will not rebase.
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Also, BONE, Dogecoin Killer is their next token. It is set to come soon. Shiba Inu Bone, takes the power of Defi to the next level.
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The only place to buy or sell SHIB or LEASH safely is on Uniswap. There are some centralized exchanges that have listed SHIB, but CEXs have a history of locking funds.
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