The teaser of Shiba Inu’s new SB Visa card, which is intended to increase SHIB burns, was released after the company secured numerous exchange listings today. This year, with the help of both the SHIB community and t its creators, the second-largest meme coin has been growing in popularity.
For SHIB, the year has been noteworthy in terms of developments but not in terms of pricing. The debut of the SHIB metaverse, the burn portal, as well as other partnerships and listings, could be among the launches that the community saw. This ultimately resulted in the widespread adoption of the Dogecoin killer.
CoinCEX teases Shiba Inu’s listing on its platform
SHIB recently had a noteworthy event when it was listed on Robinhood. The listing of SHIB on CoinCEX’s platform was hinted at in the teaser. The trade is scheduled to start on August 1, which will signal a successful start for the meme coin the following month.
Additionally, SHIB was successful in obtaining a listing on Reflex Finance, a decentralized swap platform. The site offers a number of services, such as farming and staking. Additionally, a number of additional tokens, including SHIB, Cardano, BUSD, Cake, and DOGE, were also offered on the platform.
In other news, the burn rate on Shiba Inu has increased by more than 250 percent today. Compared to yesterday’s burn rate fall of 60%, this is a tremendous turnaround. The most recent blog, written in cooperation with Ryoshi Vision, addressed the problem of the burn portal’s sluggish reward delivery, which can be blamed for the higher burn rate.
The Shiba Inu team hinted at the release of its new Shibburn Visa card to speed up the burning process. The card currently has scant-specific information available. But as you use the Shibburn Visa card to make purchases, the ultimate goal is to burn more SHIB.
Furthermore, at the time of writing, Shiba Inu was priced at $0.00001052 with a daily hike of 0.82 %, according to Coin Market Cap.