OKEx, a world-leading cryptocurrency exchange, has announced the listing of SHIB, the native token of the Shiba Inu ecosystem. Deposits opened over the weekend, with trading now live against USDT on OKEx’s spot and perpetual swap markets. Withdrawals commenced at 10:00 am UTC on May 10.
SHIB: The Rise of a Meme Coin
- Market Position: Ranked among the top 30 cryptocurrencies by market cap (CoinMarketCap).
- ERC-20 Token: Originally an experiment to foster a decentralized community, SHIB is dubbed the "Dogecoin killer."
- Token Distribution: 50% locked in Uniswap for fair distribution; the remainder burned in tribute to Ethereum co-founder Vitalik Buterin.
- ShibaSwap Integration: SHIB is the first token incentivized on Shiba Inu’s decentralized exchange (DEX).
👉 Explore SHIB trading on OKEx
OKEx CEO’s Statement
Jay Hao, CEO of OKEx, remarked:
"We applaud Shiba Inu’s innovative approach, aligning with blockchain’s experimental ethos. Listing SHIB—a first among major exchanges—expands our diverse portfolio, catering to meme coin enthusiasts and broadening investment opportunities."
FAQs
1. Why is SHIB called the ‘Dogecoin killer’?
SHIB’s community-driven model and meme status position it as a rival to Dogecoin, with added utility via ShibaSwap.
2. How does SHIB’s tokenomics ensure fairness?
Half the supply was locked in Uniswap to prevent manipulation; the rest was burned to honor Vitalik Buterin.
3. What makes OKEx’s SHIB listing significant?
OKEx is the first major exchange to list SHIB, enhancing accessibility for traders and validating its market potential.
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