Giant Move from Shiba Inu Partner: New Token Skyrockets 240% After Launch!

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As a hot development Shiba Inu ‘s partner, K9 Finance DAO, has officially launched its native token, KNINE, in the crypto trading space. K9 Finance announced this development in a post on its official X account on Thursday. announced and shared the official contract address.

Data from market monitoring sources like CoinMarketCap confirms that KNINE is live for trading. The asset achieved a market capitalization of over $14.12 million.

At the time of writing, KNINE is valued at $0.0001782. Popular decentralized exchanges listing the token include Uniswap and Dodoex.io.

KNINEgarnered over 3,500 owners and recorded over 11,290 transactions within 24 hours of launch.

Shiba Inu Leader Reacts to KNINE Launch

KNINE’s introduction also attracted the attention of Shiba Inu’s lead developer, Shytoshi Kusama. He used this opportunity to warn community members not to interact with information from unofficial sources.

“Use only official contacts here. There are lots of scammers out there. “Be careful,” he stated.

Prior to KNINE’s official launch on Thursday, March 7, fraudulent organizations attempted to sell fake tokens to unwary individuals, claiming that the token was already traded on Uniswap.

Initially, the K9 Finance team deployed KNINE but halted its trading by implementing an unlock program which ended yesterday. Accordingly, the team injected $100k in liquidity into KNINE to facilitate its trading via Uniswap DEX.

Crypto Members of the community have voiced a bullish stance on KNINE given the team’s connection to the Shiba Inu. Additionally, the token is up over 240% since its launch.

Shiba Inu Partner K9 Finance

Specifically, K9 Finance is an official liquid staking protocol on Shiba Inu’s blockchain, Shibarium. Its goal is to establish the fundamental principles of DeFi within the Shibarium ecosystem.

Last month, the Shiba Inu team announced K9 Finance as its official partner for Shibarium. As a result, K9 Finance became a Shibarium validator, allowing stakers to earn rewards in the BONE token.

The newly launched KNINE token runs K9 Finance’s decentralized DAO. It allows holders to stake the asset and earn real returns from DAO fees and validators.

Source : The Crypto Basic


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