Introduction
OKEx, a leading global cryptocurrency exchange, has announced the listing of SHIB, the native token of the Shiba Inu network. This marks a significant milestone as OKEx becomes the first major exchange to offer SHIB trading. Deposits for SHIB opened recently, with trading now available against USDT on OKEx's spot and perpetual swap markets. Withdrawals commenced on May 10, 2021, at 10:00 am UTC.
What Is SHIB?
SHIB, often referred to as a "meme coin," has rapidly gained traction in the crypto market, currently ranking among the top 30 cryptocurrencies by market capitalization. Dubbed the "Dogecoin killer," SHIB is an ERC-20 token that originated as an experiment to foster a decentralized community.
Key Features of SHIB:
- Fair Distribution: 50% of the total SHIB supply was locked in Uniswap, while the remaining 50% were burned in honor of Vitalik Buterin, Ethereum co-founder.
- ShibaSwap Integration: SHIB is the first token to be listed and incentivized on ShibaSwap, Shiba Inu's decentralized exchange (DEX).
OKEx CEO's Statement
Jay Hao, CEO of OKEx, expressed enthusiasm about the listing:
"We are pleased to welcome Shiba Inu to the OKEx platform. Their experimental spirit aligns with the innovation needed in blockchain. Offering diverse assets, including meme tokens, ensures a comprehensive investment experience for our users. The Shiba Inu community has shown tremendous momentum, and we’re proud to be the first major exchange to list SHIB, opening new opportunities for crypto enthusiasts."
Why This Listing Matters
The inclusion of SHIB on OKEx highlights:
- Diversity in Crypto Offerings: OKEx continues to expand its portfolio with unique assets.
- Community-Driven Growth: The Shiba Inu project thrives on its decentralized and engaged community.
- Market Accessibility: Traders now have easier access to SHIB via a reliable and liquid exchange.
👉 Explore SHIB Trading on OKEx
About OKEx
OKEx is a world-class cryptocurrency exchange offering a wide range of spot and derivatives trading products. Committed to advancing the crypto ecosystem, OKEx empowers users with innovative tools and services.
Follow OKEx:
- Twitter: https://twitter.com/OKEx
- Facebook: https://www.facebook.com/okexofficial/
- LinkedIn: https://www.linkedin.com/company/okex/
- Medium: https://medium.com/@OKEx
FAQs
1. What is SHIB?
SHIB is the native token of the Shiba Inu network, an ERC-20 meme coin designed to foster a decentralized community.
2. Why is SHIB’s listing on OKEx significant?
OKEx is the first major exchange to list SHIB, enhancing its accessibility and liquidity.
3. How can I trade SHIB on OKEx?
SHIB can be traded against USDT on OKEx’s spot and perpetual swap markets.
4. What makes SHIB unique?
SHIB emphasizes fair distribution and community governance, with half its supply burned and the other half locked in Uniswap.
5. Is SHIB a good investment?
All investments carry risk. Due diligence is advised, as meme coins can be highly volatile.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. Cryptocurrency trading involves significant risk.
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