The Shiba Inu community is celebrating a major milestone for its NFT project, SHEBoshi, with its first listing on a centralized exchange (CEX). CoinW, a prominent cryptocurrency exchange, has taken the lead in listing SHEB, marking a significant step towards increased adoption and accessibility for the project.
Shytoshi Kusama, the anonymous lead developer of Shiba Inu, acknowledged the listing on X, expressing gratitude towards CoinW for supporting SHEB. This highlights the importance the Shiba Inu team places on this development and its potential impact on the project’s future.
ICYMI !!! Thanks to our frens at .@CoinWOfficial 🤩 #SHEB #SHEboshis https://t.co/nFDZZCXbaf
— Shytoshi Kusama™ (@ShytoshiKusama) February 27, 2024
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SHEBoshi’s Rapid Rise
Before the CEX listing, SHEBoshi achieved impressive feats. The entire collection of 20,000 tokens sold out within five minutes, claimed entirely by Shiboshi and LEASH holders before the public minting phase. This rapid acquisition signifies the strong community backing and demand surrounding the project.
CoinW became the first CEX to list SHEBoshi, solidifying its place in Shiba Inu’s history. The token is currently available for trading under the SHEB/USDT pair within the MEME and NFT arena on the exchange. This listing opens doors for a wider audience of investors to engage with the Shiba Inu ecosystem and explore the unique features of SHEBoshi.
Celebrating with a Giveaway
To mark this momentous occasion, CoinW launched a $5,000 giveaway, offering users the opportunity to win a portion of the prize pool through participation in a trading competition or by completing social media tasks. This initiative aims to incentivize user engagement and promote SHEBoshi within the CoinW community.
SHEBoshi embodies an innovative experiment undertaken by the Shiba Inu team. It stands as one of the first crypto projects to leverage the DN404 token standard on the Ethereum blockchain. This standard allows SHEBoshi to combine the functionalities of ERC-20 fungible tokens and ERC-721 NFTs, enabling fractional ownership and reduced transaction fees.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Shiba Inu Lead Dev Shares Upgrade Roadmap For SHIB Projects
Where to Find SHEBoshi
Beyond CoinW, users can also acquire SHEB tokens on platforms like ShibaSwap, Uniswap, and OpenSea. As of today, SHEB boasts a floor price of 0.103 ETH on OpenSea and is trading at $297.51 on CoinW, experiencing a slight decrease of 0.59% within the last 24 hours.
The successful listing on CoinW marks a significant step forward for SHEBoshi and the Shiba Inu ecosystem. This broader accessibility, coupled with the project’s innovative features and strong community support, paves the way for further exploration and potential growth within the ever-evolving landscape of non-fungible tokens (NFTs) and decentralized finance (DeFi).
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