Shiba Inu congratulates its official liquid staking partner, K9 Finance DAO, as CoinW announces plans to list K9 Finance’s native token, KNINE.
CoinW announced it will soon list the KNINE token for trading, with deposit and withdrawal functions to follow. Since its March launch, KNINE has been listed on BitMart and MEXC. With CoinW, the number of centralized exchanges supporting KNINE will increase to three.
Excitement Builds for KNINE Listing on CoinW
CoinW has announced plans to list the KNINE token, sparking excitement within the K9 and Shiba Inu communities. Although the official listing date has not been disclosed, the news promises to boost the token’s liquidity and attract more traders.
The Shiba Inu team also expressed enthusiasm about the upcoming listing. In a recent tweet, they congratulated the K9 team and celebrated the project’s growth since its launch.
Earlier this year, K9 became Shiba Inu’s official liquid staking derivative (LSD) partner, enhancing the DeFi functionalities of the Shibarium ecosystem. The K9 team plans to launch its highly anticipated LSD platform later this year, allowing users to stake Bone ShibaSwap (BONE) tokens and earn rewards, including the liquidity token knBONE.
KNINE Token Sees Price Increase and Upcoming Supply Burn
KNINE’s price has risen by 1.78% over the past 24 hours. As of 06:42 AM (UTC) today, one KNINE token was trading at $0.00003011. Currently, KNINE ranks as the 3,306th largest cryptocurrency, with a market cap of $3.53 million.
In addition, the K9 team is preparing to reduce the token’s supply significantly by burning hundreds of millions of KNINE tokens. This burn is in honor of Vitalik Buterin, who contributed to Shiba Inu’s prominence by burning 410 trillion SHIB tokens in 2021.
The K9 team plans to burn 410 million KNINE tokens on May 31st. It is uncertain whether this burn and the listing of KNINE on CoinW will positively affect the token’s price.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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