Shiba Inu Reacts to Hong Kong Crypto Exchange Listing Partner Tokens

Hong Kong-based cryptocurrency exchange LBank has announced the listing of KNINE, the governance token of K9 Finance, a Shiba Inu liquid staking and derivatives partner.

According to a blog post yesterday, LBank listed KNINE in the Innovation Zone with the KNINE/USDT trading pair. The exchange also announced the development through its official X-Processor.

Following the announcement, users can now deposit KNINE into their LBank accounts in preparation for trading, which will properly begin today, May 28, at 12:00 PM UTC. After this, the exchange will begin offering withdrawals tomorrow, May 29, at 12:00 PM.

Shiba Inu Team Response

Interestingly, the Shiba Inu Ecosystem team, along with other enthusiasts, reacted to this positive news. In particular, the official Shiba Inu X processor congratulated the K9 Finance team, describing the listing as “another big win for adoption.”

More KNINE listings coming soon

KNINE’s listing on LBank comes just days after it was listed on Dubai-based cryptocurrency exchange CoinW. Buzz, the anonymous co-founder of the K9 Finance project, hinted shortly after KNINE was listed on CoinW that the token will be listed on another exchange.

As predicted by Buzz, LBank provided support for KNINE. With KNINE listed on LBank, Buzz urged the K9 community to look forward to more exchange listings in the future.

Launched on March 7, 2024, KNINE is the native token of the K9 Finance ecosystem. Through KNINE, K9 Finance’s community members can participate in important decision-making processes and vote on proposals through the project’s decentralized autonomous organization (DAO).

For example, the community used over 13 billion KNINE tokens to vote in favor of burning 410 million KNINE in honor of Ethereum co-founder Vitalik Buterin, who burned 410 trillion Shiba Inu tokens in 2021. The team noted that the much-anticipated KNINE burn will take place on May 31st.

Since its launch, KNINE has been listed on four centralized cryptocurrency exchanges: MEXC, CoinW, BitMart, and LBank. Buzz revealed in a recent X article that KNINE will be listed on another exchange in the near future. Meanwhile, the price of KNINE has surged by 1.23% to $0.00002518 in the past 24 hours.

Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to conduct in-depth research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.