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Shiba Inu Introduces Shibarium Portal As Binance.US Lists SHIB

On Sunday, the Shiba Inu team shared a blog post outlining the steps for onboarding its layer two solution Shibarium, signaling progress towards expanding its ecosystem. Furthermore, the team unveiled the Shibarium portal, enabling stakeholders to participate as validators and engage in diverse collaborations.

Shiba Inu Portal To Help Enhance The Ecosystem 

Meanwhile, the Shiba Inu portal functions as a central location where developers, creators, businesses, and others can contribute to the project in diverse ways. Shytoshi Kusama, the lead developer, informed stakeholders that completing the intake form was not obligatory, but it would be beneficial for advancing the ecosystem.

The Shiba Inu team believes the portal’s introduction will expand the ecosystem and foster development. The team’s next steps involve releasing documentation, upgrading the wiki, and launching the beta version. Kusama said, “our belief is that this is the genuine approach to foster community.”

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The lead developer further said, “our goal with this intake system is to identify and connect top projects with others who can provide aid or support. By doing so, we can expand Shibarium’s outreach with reputable companies and rekindle our associations with businesses we’ve collaborated with previously. Most importantly, it will aid us in locating suitable validators.”

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Furthermore, the layer-2 solution is a testament to Shiba Inu’s expanding aspirations in the market. Initially beginning as a meme coin initiative, the firm has broadened its goals and strives to provide greater functionality to the market and its community.

Binance.US Lists SHIB/USD For Trading

Notably, the SHIB token has witnessed significant burning rates in recent times. In the past 24 hours, the token has undergone a remarkable surge in burn rate, surpassing 2,400%.

Similarly, the BONE token, one of the tokens in the Shiba Inu project, witnessed a significant price surge but has since decreased. It is worth mentioning that the BONE token is Shibarium’s gas fee token.

The Shiba Inu ecosystem has witnessed several positive developments in the past few weeks. Notably, Binance.US declared its complete support for SHIB via a tweet on February 24th.

The tweet announced the availability of trading for SHIB/USD on Binance.US. Additionally, Shiba Inu has formed numerous partnerships with other companies to boost its ecosystem.

📰 Also read:  NYSE Mulls Crypto Trading Amid Improving US Regulatory Clarity 

Ingenico and Binance, for instance, recently collaborated and included SHIB as a payment option on the Ingenico payment platform. Also, the meme coin’s value increased when PlayStation revealed a game featuring a Shiba Inu, further showcasing its popularity.


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Bradley Nelson

Bradley Nelson is a US based cryptocurrency news writer for Tokenhell, he helps readers stay up to date with the latest trends and news from the blockchain and crypto world. Bradley has been a crypto enthusiast since 2018.

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