TronWeekly

Crypto World News

You are here: Home / Archives for meme token

meme token

Voyager Dispatch $3.4M Shiba Inu Tokens To Coinbase

by

Around 250 billion Shiba Inu tokens roughly worth $3.4 million were moved to Coinbase by now-defunct crypto brokerage firm Voyager.

As per on-chain sleuths, PeckShield, Voyager has transferred crypto worth a total of $28.7 million to BinanceUS and Coinbase, including 15k ETH, or a little over $25 million.

Surprisingly, the move occurs at a time when the price of the Shiba Inu also rose in tandem with the broader market. At the time of writing this post, SHIB trades at $0.000013, with a marginal increase in the past 24 hours.

For the record, Voyager continues to hold the second-largest single position for the broker at 1.6 trillion SHIB [$23.5 million]. The cryptocurrency broker had previously made similar transfers the day before to Binance US and Coinbase.

On February 14, Voyager sent 6,000 ETH to Binance US and 1,000 ETH to Coinbase, according to PeckShield.

The unexpected transfer from the bankrupt firm raised a few eyebrows. There were rumors going around that Voyager was trying to use the rally to liquidate money for its creditors.

It’s important to remember that in December, Binance.US and Voyager decided to sell some of their assets. The agreement has been rejected by the US regulator, so it remains in limbo.

The Southern District of New York Bankruptcy Court will hold a final hearing on the subject in March. Although it appears that the sale will be approved, it still needs the consent of the majority of Voyager’s creditors.

On the other hand, Binance.US has recently announced that on February 24 at 7:00 a.m. EST, it will delist Kilo Shiba Inu [KSHIB] and list Shiba Inu [SHIB] against the U.S. Dollar.

By February 20 at 10:00 p.m. EST, the KSHIB/USD trading pair will be discontinued, and any open KSHIB spot trade orders will be canceled, the post read.

Shiba Inu’s Major Update On Binance.US

Customers who own KSHIB will start receiving converted SHIB payouts at a ratio of 1 KSHIB for every 1,000 SHIB by February 24 onwards.

Throughout this change, users can still have access to the SHIB/USDT trading pair. In addition to listing KSHIB, Binance.US has also launched the KSHIB/USD trading pair, joining the pre-existing SHIB/USDT and SHIB/BUSD pairs.

The move is touted to benefit Binance.US clients with an improved trading experience. According to CoinMarketCap, SHIB is presently the 13th largest cryptocurrency by market capitalization.

Dogecoin co-founder states the obvious yet again

by

On his official Twitter account, one of the Dogecoin project’s founders sent a crucial reminder regarding his affiliation to the cryptocurrency in its current incarnation.

Billy Markus stated in his post that he is no longer working on Dogecoin. Despite being one of DOGE’s most prominent ambassadors, he left the meme-currency seven and a half years ago and has no plans to return.

Source: Twitter

Though some people disagree with his move, his goal is to demonstrate what true decentralization is. Even thoughthe fact that the meme coin’s environment is not the most technically proficient in the market, it is still under continuous development.

“Shibetoshi Nakamoto” has also spoken on the cryptocurrency market’s definition, humorously portraying it as a mix of “hopium,” “fomo,” fear, and other circulating phenomena. He also mentioned that studying human nature in relation to money is fascinating.

Despite his distance from the project’s core, Markus feels that the DOGE ecosystem benefits from the speculation that surrounds it. He also stated that the meme token team’s primary focus in the present and future should be on utility.

Markus has often told his subscribers that he is unconcerned about the price of Dogecoin. The community’s anger stems from the fact that DOGE has lost more than 85% of its value since its all-time high.

Dogecoin’s new plan to go bullish

Dogecoin, the first memecoin to hit the cryptocurrency market, offers a tip for intraday traders in the form of a symmetrical triangular formation, which might propel DOGE higher if it plays out in favour of bulls.

Source: trading view official website

A symmetrical triangle is considered a bullish pattern by traders since it usually leads in an upward breakout. However, traders should not overlook the likelihood of a bearish situation in which an asset violates the pattern’s lower border and accelerates downhill.

However, DOGE is more actively probing the formation’s lower border, implying a short-term decline rather than an upward rally. At the time of writing, Dogecoin (DOGE) was priced at $0.08714 with a surprising daily rise of 2.59% according to data from Coin Market Cap.

Binance offers $100,000 in SHIB tokens

by

Binance, an eminent cryptocurrency exchange, has now turned to Shiba Inu (SHIB) to market its wallet. The platform touts itself as the easiest way to purchase, sell, trade, and hold SHIB.

Shiba Inu coin (SHIB) is a meme-based cryptocurrency that is named after the Shiba Inu dog breed. It was launched in 2020 as part of a collection of dog-themed cryptocurrencies by an anonymous developer named Ryoshi. It’s also known as “the doge-killer” because it’s a competitor to Elon Musk’s favorite meme coin, Dogecoin (DOGE). It’s meant to be an Ethereum-compatible counterpart to DOGE.

SHIB is an ERC-20 coin that is in the process of converting to a Proof of Stake settlement mechanism. ShibaSwap, a decentralised exchange, is at the heart of the SHIB ecosystem. It also funds an NFT art incubator, which invites dog-inspired artists from all around the world to enter the NFT market with their Shiba Inus.

The meme-coin began with a one-quadrillion-circulation supply, with its founder Ryoshi locking 50% of the token in Uniswap’s decentralised exchange to provide liquidity. Furthermore, the remaining 50% of the currency was transmitted to Ethereum co-founder Vitalik Buterin’s wallet, where the majority of it was burnt. The Shiba Inu cryptocurrency is traded on Binance under the symbol SHIB.

Binance rewards its users through different promotions

With SHIB, the exchange has introduced two promotional programs.

Binance on Twitter

The first offer, dubbed “Promotion A” on Binance’s website, states that all new customers who enroll with Binance through their referral link will receive a share of $80,000 in Shiba Inu tokens between March 8th and March 21st, 11:59 PM (UTC).

The second promotion, titled “Promotion B,” requires participants to complete tasks to win SHIB vouchers. Users who register by clicking the [Register Now] button on the event page and trade at least 1,000 USDT equal across all applicable SHIB spot trading pairs will be qualified to win a share of the $20,000 prize money in SHIB token vouchers. However, the reward for Promotion B would be calculated accordingly;

The reward for each qualified user = (Each user’s total effective trading volume / All qualified users’ total effective trading volume) * $20,000 in SHIB token vouchers

Furthermore, the website stated a few terms and conditions to the give away. It stated that only users who finish KYC by the end of the activity session and press the [register now] button on this web page are eligible to win.

The Welcome Reward under Promotion A will be given immediately upon completing the registration. Tokens earned through Promotion A are the only ones that can be traded. It further added that within two weeks following the promotion’s completion, Promo B incentives will be distributed. At the time of writing, Shiba Inu (SHIB) was priced at $0.0000232 with a rise of 0.68% over the last 24 hours.

Shiba Inu trifecta added to Mover Metacard

by

Bone (BONE), Leash (LEASH), and Shiba Inu (SHIB) are now ready for Mover debit card saves and payments, as per Mover’s latest post on Twitter, on 15 February 2022. Users can spend their Metaverse profits for both physical and digital transactions using the debit card, which is also paired with Visa.

Mover is an essential financial assistance app that allows you to purchase, save, send, and earn interest on cryptocurrency, all in one convenient wallet, using a debit card. In December, the business created an opportunity to top up Shiba Inu crypto cards.

Their websites read,

“Metacard is the first metaverse savings card. It is an NFT card that is metaverse-ready, comes with automated DeFi Savings, and a crypto debit card. All in one place.”

Mover also has a non-fungible tokens (NFT) option. The NFT views the world via a personalized savings card that accumulates benefits from multiple metaverses and consolidates them into one account. Returns on the platform might reach 6.58 percent.

The debit card, which was created in conjunction with NFT, allows cryptocurrency transactions anywhere that accepts Visa cards. To put it another way, cryptocurrency owners can spend their coins in large numbers of locations. Through its DropsDAO division, Mover started developing static income by giving NFT loans. Mover has also declared that it has now turned into a decentralized autonomous organization (DAO).

Shiba Inu procures Shiba land in Metaverse

Shiba Inu (SHIB) launched ‘Shiba Lands’, on 9 February 2022, a new virtual land acquisition platform. Virtual auctions will be used to offer various property types, with priority given to LEASH holders. The role is likely to serve an important role in the SHIB token’s metaverse.

Furthermore, the developers said that they are now developing a queueing model that would be used exclusively for Shiba Land purchases. According to the blog, this technique would help to eliminate bots and gas wars whilst still making the procedure fair and smooth for its customers all around the world.

Despite the fact that Shiba Inu is a newcomer to the Metaverse, several investors are bullish about the market’s possibilities. At the time of writing, Shiba Inu was priced at $0.00003129 with a daily hike of 3.20%.

Shiba Inu themed restaurant set to expand worldwide

by

Welly, a Shiba Inu-themed fast food restaurant in Naples, Italy, seeks to go worldwide. Welly took to Twitter to announce the ecstatic revelation, to the SHIBArmy.

The eatery claims it has had “hundreds” of requests to launch new franchises in the last week.

DOGGY DAO, a decentralized autonomous organization whose primary process is online since early December, allows the SHIB tribe to engage in the chain’s management. According to the Shiba Inu team, Welly’s is being pushed as a healthy meal option, thus setting itself apart from the big franchises like McDonald’s and Burger King.

In perspective, Shytoshi Kusama, the lead developer of the SHIB token, said,

“The Shib community can take part in the deployment of new stores through making choices in the DIGGY DAO, purchasing NFTs for exclusive benefits, or just enjoying good food and sharing our vision with those who still think we are just a meme.”

Customers are allowed to obtain distinct benefits at the one-store diner, which will open in 2021, by using non-fungible tokens.

Shiba Inu’s first step into the real world

The restaurant, Welly, began in 2021 with the goal of delivering healthy quick food and adding value to their clients by paying close attention to them in addition to providing high-quality meals.

The restaurant’s team was interested in crypto, so they got to thinking about how to develop the business and devised a strategy to sell NFTs. However, this wasn’t sufficient.

The restaurant’s creators then began to consider the basics of crypto, namely decentralization, as well as how the SHIB network could be involved in the project. Consequently, the founders approached Shytoshi Kusama on the proposal, and a deal was struck. A decentralized fast-food restaurant was built after a significant collaboration featuring Shiba Inu’s lead developer Shytoshi Kusama.

The restaurant re-branded in little than a week, using the Shiba Inu dog as its official image, new packaging materials, and responding to emerging marketing methods.

With Welly’s expansion, the meme coin may begin to lose its status as a meme coin, which could lead to a price increase, but then only time will prove. At the time of writing, Shiba Inu (SHIB) was priced at $0.00003367 and was bullish with a hike of 21.47% over the last 24 hours.

Shiba Inu reacts to CoinMarketCap issues

by

CoinMarketCap listed three fake Shiba Inu contract addresses on their website in a quite recent update. The SHIB token team took to Twitter to announce that the three contract addresses listed on CoinMarketCap, namely Binance Smart Chain, Solana, and Terra, are all fake and that interaction with these contracts must be avoided if not the user will be at risk of irreversibly losing their funds.

The SHIB token defense team expressed their disappointment in their tweet. Supposedly, the CoinMarketCap team had refused to communicate with the SHIB team concerning the updates on the token page. Allegedly, CoinMarketCap had willingly allowed these malignant troupe to deface the ‘dogecoin killer’ token. The meme coin team explicitly showed displeasure over the lack of professionalism rendered by the crypto asset price tracking website.

Wormhole addresses for Shiba Inu

In response to the squabble, CoinMarketCap interpreted that the contract addresses are indeed wormhole addresses for the SHIB. They explained that these addresses were used to aid cross-chain transactions of wrapped versions of the altcoin.

At the moment, the reason for the listing of the alternative addresses is uncertain, but such delinquency is adversely harmful not only to the altcoin but the entire crypto society.

At the time of writing, the three wormhole addresses were still visible on CoinMarketCap, in the dropdown segment next to the SHIB token’s official ETH contract address.

Despite the warnings given by the Shiba Inu team, there seems to be an array of transactions on each of these fake contract addresses’ chains. This indicates that quite a few investors have already sent money to these addresses, which is alarming.

In a lighter perspective, Shiba Inu has risen as the most viewed cryptocurrency of the previous year, 2021, according to CoinMarketCap. It has been enumerated by the cryptocurrency price-tracking website that there have been more than 188 million views, for the meme token, over the last 12 months. The more astonishing fact happens to be, Bitcoin (BTC), the world’s largest and most sought-after cryptocurrency had only 145 million views at the same time, which makes it the second most viewed crypto asset.

Shiba Inu remains to be eminently frivolous despite its rising idolization among holders. At the time of writing, Shiba Inu was priced at $0.00003142 with a daily drop of 1.79%.