Shiba Inu (SHIB), a popular meme coin, has taken a significant step towards wider adoption with its inclusion in a real-world asset (RWA) tokenization program. Planet ReFi, a rising platform in the RWA tokenization space, recently announced its acceptance of SHIB alongside Fantom (FTM) and Zignaly (ZIG) tokens.
Exciting news as we continue to BUIDL!🔥$FTM, $ZIG and $SHIB – these tokens are also now added to be part of our revolutionary RWA "Plug & Play" Utility Program. Their communities will get to:
• Buy the Limited Edition RWA in their native tokens at a 10% discount
• Have an… pic.twitter.com/kSLQjHkC6B— Planet (@PlanetReFi) March 21, 2024
Unlocking Benefits for the Shiba Inu Community
This integration presents a valuable opportunity for SHIB holders. The Planet ReFi program allows them to leverage their SHIB tokens for acquiring limited-edition tokenized real-world assets. Moreover, users benefit from a 10% discount when utilizing SHIB for these purchases.
Furthermore, Planet ReFi has implemented an automated smart contract mechanism that burns 5% of the used SHIB tokens with every RWA acquisition. This burning mechanism helps to reduce the overall supply of SHIB, potentially contributing to its long-term value proposition.
Planet ReFi’s decision to embrace SHIB has garnered considerable attention within the cryptocurrency community. Many perceive it as a positive development that expands the utility of SHIB beyond mere speculation.
Crypto enthusiast Shelly lauded the inclusion of SHIB, FTM, and ZIG in the RWA program, highlighting its significance for advancing token utility within the crypto ecosystem. Similarly, prominent community figure Patrick Schmitt expressed his approval for the move, particularly in light of the substantial Shiba Inu community. He also acknowledged the potential of FTM and PLANET tokens.
The Zignaly team, responsible for the ZIG token, echoed these sentiments. They emphasized the collaborative nature of the program, stating that ZIG, alongside established players like FTM, SHIB, and PLANET, is paving the way for broader crypto adoption by attracting a new wave of users.
Shiba Inu’s Growing Acceptance as a Payment Option
Planet ReFi’s integration of SHIB adds to the growing list of companies accepting the meme coin for payments. As reported by Times Tabloid last month, SHIB is now a viable payment option at over 1,200 merchants across 25 countries. This trend further underscores the coin’s evolving role within the cryptocurrency landscape.
Last week’s announcement by Unification, a prominent blockchain development platform, regarding their acceptance of SHIB payments serves as another testament to this growing adoption.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
About Planet ReFi
Planet ReFi is a visionary platform aiming to revolutionize the RWA market, estimated to be worth $16 trillion. The platform leverages cutting-edge technology to facilitate the tokenization of real-world assets, thereby introducing the potential for yield generation within the Web3 space.
Planet ReFi is also committed to tackling pressing social and sustainability challenges through the innovative application of blockchain technology. Their dedication to these goals is further reflected by their strategic partnerships with renowned figures like football legend Lionel Messi.
By providing a platform for RWA tokenization and fostering wider crypto adoption through SHIB integration, Planet ReFi is poised to play a significant role in shaping the future of finance.
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