Shiba Inu Celebrates K9 Finance DAO’s Partnership with CoinW and KNINE Listing Announcement
CoinW has recently revealed its plans to list KNINE, the official liquid staking derivative (LSD) token of K9 Finance DAO, on its platform. In an X post yesterday, CoinW announced that it will soon make KNINE available for trading. Additionally, the exchange stated that it will soon enable deposit and withdrawal functions for the token, with the exact timing to be communicated separately.
Since its launch in March, KNINE has only been listed on two centralized crypto exchanges, namely BitMart and MEXC. However, with CoinW joining the list, the number of exchanges supporting KNINE will increase to three. This news has generated excitement within the K9 and Shiba Inu communities, as the listing on CoinW will enhance KNINE’s liquidity and provide more opportunities for traders to engage with the token.
The Shiba Inu ecosystem team also expressed their enthusiasm for KNINE’s upcoming listing on CoinW, congratulating the K9 team in a tweet. They highlighted the continuous growth of the project since its debut. It’s worth noting that K9 became Shiba Inu’s official LSD partner earlier this year and is responsible for enhancing the decentralized finance (DeFi) functionalities of the Shibarium ecosystem.
Meanwhile, KNINE’s price has experienced a slight increase of 1.78% in the past 24 hours, reaching $0.00003011 per unit. Currently ranked as the 3,306th biggest cryptocurrency, KNINE has a market cap of $3.53 million.
In other news, the K9 team is preparing to burn 410 million KNINE tokens as a tribute to Vitalik Buterin, who contributed to Shiba Inu’s prominence by incinerating 410 trillion SHIB tokens in 2021. The token burn is scheduled for May 31st. The impact of this burn and KNINE’s listing on CoinW on the token’s price remains to be seen.
Please note that this article is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect those of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not liable for any financial losses that may occur.
