Hong Kong-based cryptocurrency exchange LBank has made an exciting announcement regarding the listing of KNINE, the governance token of K9 Finance, Shiba Inu’s liquid staking and derivative partner. The news was shared in a blog post and LBank also posted about it on its official X handle.
Users can now deposit KNINE into their LBank accounts in preparation for trading, which is set to begin today, May 28, at exactly 12:00 PM (UTC). Withdrawals will be available starting tomorrow, May 29, at 12:00 PM (UTC).
The Shiba Inu ecosystem team, along with other enthusiasts, reacted positively to the news. The official Shiba Inu X handler congratulated the K9 Finance team and referred to the listing as “another big win for adoption.”
This listing on LBank comes shortly after KNINE secured a listing on CoinW, a cryptocurrency exchange based in Dubai. Following KNINE’s launch on CoinW, Buzz, the pseudonymous co-founder of the K9 Finance project, hinted at the token’s listing on another exchange. As predicted by Buzz, LBank added support for KNINE. Buzz encouraged the K9 community to expect more exchange listings in the future.
KNINE, the native token of the K9 Finance ecosystem, was launched on March 7, 2024. It allows community members to participate in decision-making processes and vote on proposals through the project’s decentralized autonomous organization (DAO). Recently, the community used over 13 billion KNINE tokens to vote for the burning of 410 million KNINE as a tribute to Ethereum co-founder Vitalik Buterin, who burned 410 trillion Shiba Inu tokens in 2021. The highly anticipated KNINE burn will take place on May 31.
Since its launch, KNINE has been listed on four centralized cryptocurrency exchanges: MEXC, CoinW, BitMart, and LBank. Buzz revealed in a recent post that another exchange listing for KNINE is on the way. In the meantime, the price of KNINE has increased by 1.23% in the past 24 hours, reaching $0.00002518.
It is important to note that this article provides informational content and should not be considered financial advice. The opinions expressed in this article are those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses incurred.