Shiba Inu bagged multiple exchange listings today, which was followed by the teaser of its new SB Visa card that is focused on boosting SHIB burns. The second largest memecoin has been gaining traction this year as a part of the collaborative effort from the developers and the SHIB community alike.
The year has been remarkable for SHIB in terms of developments, but not price. The community could witness several launches, including the SHIB metaverse, the burn portal, and several collaborations and listings. This in turn led to the adoption of Shiba Inu globally.
Shiba Inu bags multiple listings
SHIB was recently listed on Robinhood, which was a significant moment for SHIB. CoinCEX, a global cryptocurrency exchange, teased the listing of SHIB on its platform. The trading is set to commence on August 1st, marking a positive beginning for the memecoin next month.
🔥Thrilled to announce $SHIB listing on @Coin_cex— CoinCEX (@Coin_cex) July 25, 2022
6 days left $shib going to 🚀🚀
💎Trading starting: 12:00 UTC August 1st
👉Get ready to trade on world leading #crypto trading platform@GossipShib@ShytoshiKusama @shibainuart @ShibInform @GossipShib#shiba pic.twitter.com/IzSa7OKKT2
SHIB also managed to get listed on a decentralized swap platform called Reflex Finance. The platform supports various services that include farming and staking. Alongside, SHIB, Cardano, BUSD, Cake, DOGE, and several other tokens were also listed on the platform.
In other news, Shiba Inu has been burning like wildfire today, with the burn rate jumping over 250%. This is a significant reversal as compared to the 60% slump in burn rate yesterday. The increased burn rate can be attributed to the latest blog where they addressed the issue of the slow reward distribution of the burn portal in collaboration with Ryoshi Vision.
To boost the burn process, the Shiba Inu team teased the launch of its new Shibburn Visa card. At the moment, the detailed information regarding the card is meager. But the ultimate aim of the Shibburn Visa card is to burn more SHIB as you use the card to make payments.
Credit : LINK