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Shiba Inu is now a part of Binance card

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Shiba Inu has gone a long way from its early days as a meme coin attempting to transform into something more practical. This effort of the Dogecoin Killer seems to be bearing fruits sooner than expected.

Recently, the network turned two, and the celebrations went on all week. Tuesday saw the name of the eagerly anticipated game revealed, and the network ended the week by getting a spot on Binance Card.

Three additional assets have been added to the Binance Card, according to the biggest cryptocurrency exchange in the world. This featured Avalanche (AVAX), Shiba Inu (SHIB), and XRP. The supported cryptocurrency assets are anticipated to launch right now. Binance took to Twitter to make the listing official.

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Source: Twitter

It should be emphasized that only users who reside in the European Economic Area [EEA] are eligible to use the card. Additionally, refugees from Ukraine who now reside in EEA nations may benefit from the most recent accession.

Shiba Inu’s participation is not shocking considering how widely used the meme coin has become. The asset has been housed on a variety of platforms during the past few months, enhancing its visibility.

Additionally, Binance Card increased the number of cryptocurrencies it supports to fourteen with the addition of SHIB, XRP, and AVAX. Along with SXP, other assets on the list include Cardano (ADA), Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), Polkadot (DOT), Tether (USDT), Ethereum (ETH), S.S. Lazio (LAZIO), Santos FC (SANTOS), FC Porto (PORTO), and SXP.

Shiba Inu’s commitment to growth

Shiba Inu’s dedication to expansion was demonstrated by the Shibaswap platform’s formal launch. Now, based on social indications, Shibaswap has taken the #1 spot on the list of the most popular Ethereum dapps.

According to research by crypto expert Ben GCrypto, this is the case. The DEX outperformed OpenSea and the Bored Ape Yacht Club, which placed second and third consecutively. This is an outstanding accomplishment for the DEX.

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Source: Twitter

Considering that Shibaswap had recently celebrated its one anniversary in July, the ranking demonstrates its rapid growth. More than 30 digital assets have so far been listed, bringing in a total value lock of almost $41.72 million.

Shiba Inu’s Ultimatum To Ryoshi Team Over Slower Rewards Distribution

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Shiba Inu’s decentralized platform ShibaSwap has published a blog to inform the Shib community of the current status and situation with the SHIB Burn Portal that is powered by Ryoshi Vision.

The post begins by mentioning the significance of the burn portal which serves as a benefit for both communities- the Ryoshi and the Shiba’s development team while honoring SHIB’s holders to eliminate tokens out of circulation in exchange for a reward system.

It then acknowledges the bottlenecks which have been affecting the community that is leading to disruption in the workflows as well as users becoming frustrated over slower rewards distribution.

According to the team, the issue persisted since the day these rewards were released as some users were unable to claim them. “Users that have received the rewards have also engaged with Discord’s moderation team at Ryoshi Vision to find out more information to no avail,” it alleged.

Shiba Inu Community Can No Longer Tolerate Any Further Delay

The DEX also revealed that Ryoshi Vision has initiated discussion with regards to the issues and updates with their investors. But so far have failed to provide any clarity, or proper communication to address the issue beyond such events.

We understand repairs and delays can occur and take time, yet the community can no longer efficiently continue to hold with no delivery or communication. This has gone beyond acceptable ratios in which investors and contributors to the portal have to wait for such a response.

“We have asked them also to acknowledge this and provide better communication and transparency to both communities,” it added.

Meanwhile, Ryoshi Vision has responded via Twitter acknowledging the issues saying that they are taking full responsibility for the delays, and are actively working towards a rapid response and resolution.

For those new, the Shiba Inu burn portal was built in collaboration with the creators of Ryoshi Vision in April 2022. Ryoshi Vision is a community-run ERC20 token, and it was founded to honor the creator of the Shiba Inu ecosystem, “Ryoshi.”

Also, the Ryoshi Vision token is not part of the Shiba Ecosystem and has its own project and goals.