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Shiba Inu Lead Thanks This Exchange For New Listing

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Shiba Inu Lead Thanks This Exchange For New Listing

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, expresses gratitude to CoinW for listing SHEboshi (SHEB).

In a recent tweet, Kusama called attention to the listing, which occurred on February 23, 2024, while thanking the exchange for adding support for SHEB.

ICYMI !!! Thanks to our frens at .@CoinWOfficial 🤩 #SHEB #SHEboshis

— Shytoshi Kusama™ (@ShytoshiKusama) February 27, 2024

Kusama’s tweet comes days after the official Shiba Inu X account celebrated the listing of SHEB on CoinW. Notably, Shiba Inu emphasized that the SHEboshi collection got its first listing less than a day after it sold out.

CoinW Becomes First Centralized Exchange to List SHEB

Recall that CoinW made history by becoming the first centralized exchange to list SHEboshi. As reported earlier, the exchange listed the collection under the SHEB/USDT trading pair in the MEME and NFT arena. Trading for the SHEB/USDT pair went live on February 23, 2024, at 13:00 (UTC).

The exchange also announced a $5,000 giveaway to celebrate the listing. Users can win a portion of the prize pool, ranging from $2 to $20, by joining the trading competition or completing a social media task.

According to the exchange, the giveaway event, which started on February 23, 2024, will end today at 13:00 (UTC). The rewards will be distributed three working days after the event ends.

SHEboshi Adopts DN404 Token Standard

For context, SHEboshi is the brainchild of an experiment conducted by the Shiba Inu ecosystem team. Notably, Shiba Inu became one of the first crypto projects to adopt the DN404 token standard on Ethereum. The team used the DN404 token standard to create SHEboshi.

By leveraging DN404, the team integrated the features of Ethereum fungible tokens (ERC-20) and NFT functionalities (ERC-721) into SHEboshi.

The advantage offered by DN404 lies in its ability to fractionalize NFTs and reduce the transaction fees associated with trading assets leveraging the model. Hence, investors can easily acquire and trade SHEB at a considerably lower fee.

Where to Trade SHEB

Meanwhile, SHEB achieved a significant feat recently by selling out in less than five minutes. All 20,000 SHEB tokens were claimed by Shiboshi and LEASH holders before the public minting phase.

To own a piece of the SHEboshi pie, one can purchase the token at CoinW, ShibaSwap, Uniswap, and OpenSea.

At press time, SHEB’s floor price on OpenSea was 0.103 ETH ($353). Also, the token was changing hands at $297.51 on CoinW, down 0.59% in the past day.