Shiba Inu ($SHIB) Receives a Welcome From One of South Korea’s Top Crypto Exchanges

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Coinone, one of the leading cryptocurrency exchanges in South Korea, has announced the listing of Shiba Inu (SHIB) on its platform. The announcement marks an important milestone for the meme coin, expanding its reach to South Korean traders and potentially increasing its liquidity.

The Shiba Inu cryptocurrency project, rooted in the popular Shiba Inu dog meme, poses as a rival to Dogecoin and runs on the Ethereum blockchain. The Shiba Inu Ecosystem (SHIB) comprises three unique tokens, each serving a particular purpose within the project.

SHIB, as the primary token, acts as a decentralized, community-driven currency accessible to millions of users around the world. After launching on the Ethereum blockchain in late 2020, SHIB has since gained global attention and can be used for payment in a variety of places, either directly or through intermediary services.

BONE serves as the governance token in the ecosystem, with a total supply of 250 million. BONE allows the Shib Army to participate in decision-making by voting on proposals through the Doggy DAO. Additionally, BONE lays the foundation for Shibarium, Shiba Inus’ own Layer 2 network.

The third token, LEASH, has a limited supply of 107,646 and offers exclusive benefits to dedicated supporters of the ecosystem. LEASH holders enjoyed benefits such as increased BONE rewards for providing liquidity to ShibaSwap, exclusive rights to mint Shiboshi NFTs, and priority access to land sales within the SHIB: The Metaverse project.

Coinone is a South Korea-based cryptocurrency exchange that was established in 2014. It is one of the largest crypto exchanges among the Big Four in South Korea and offers a variety of cryptocurrency-related services.

Here are some key points about Coinone:

Trading Pairs: Coinone offers a variety of trading pairs including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and many more. The exchange supports trading in Korean Won (KRW), making it a popular choice for South Korean traders. Security: Coinone attaches great importance to security. It uses multi-signature wallets to keep user funds safe and employs various other security measures to protect against hacks and unauthorized access. Regulation: Coinone is fully regulated in South Korea and complies with all local laws and regulations relating to cryptocurrency trading. This includes full compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. The fee structure is tier-based, with lower fees for higher trading volumes.

In a recent announcement on its website, Coinone outlined the following schedule for SHIB trading:

The depots opened on July 19, 2023 at 10:00 a.m. Withdrawals began the same day at 2:00 p.m.

The base price of SHIB has been set at 0.0099 KRW and the withdrawal fee at 101,010 SHIB.

Currently (as of 07:45 UTC July 23, 2023), SHIB is trading at around $0.00000800, down 1.05% in the last 24 hours.

Featured image credit: Photo/artwork by Seoul Inspired via Pixelbay

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