Hong Kong-based crypto exchange LBank announces the listing of KNINE, the governance token of K9 Finance, Shiba Inu liquid staking and derivative partner.
According to a blog post yesterday, LBank listed KNINE under the KNINE/USDT pair in the innovation zone. The exchange also announced the development via its official X handle.
🌈New #listing
⛵️ $KNINE (K9 Finance DAO) will be listed on LBank！@K9finance
K9 Finance DAO is the official liquid staking solution for Shib and the Shibarium blockchain.
👉 Details: https://t.co/H6bMmDCc5J pic.twitter.com/ae8B7hKD9u
— LBank.com (@LBank_Exchange) May 27, 2024
Following the announcement, users can now deposit KNINE into their LBank accounts in preparation for the trading, scheduled to commence today, May 28, at exactly 12:00 PM (UTC). Afterwards, the exchange will open withdrawals starting tomorrow, May 29, at 12:00 PM (UTC).
Shiba Inu Team Reacts
Interestingly, the Shiba Inu ecosystem team joined other enthusiasts in reacting to the positive news. In particular, the official Shiba Inu X handler congratulated the K9 Finance team, characterizing the listing as “another big win for adoption.”
Congrats to @K9finance on their new listing! This is an another big win for adoption and brings more value to the #SHIBARMY. Keep up the amazing work! #PartnerShib https://t.co/COXdkF1YBM
— Shib (@Shibtoken) May 27, 2024
More KNINE Listing to Follow
KNINE’s listing on LBank comes a few days after the token secured a listing on CoinW, a Dubai-based cryptocurrency exchange. Shortly after KNINE’s launch on CoinW, Buzz, the pseudonymous co-founder of the K9 Finance project, hinted at the token’s listing on another exchange.
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Not long after this, LBank added support for KNINE, as Buzz predicted. With KNINE listed on LBank, Buzz urged the K9 community to anticipate more exchange listings in the future.
As promised 👇👇👇 yet ANOTHER $KNINE listing. More to come https://t.co/6CG00T890y
— Buzz.Shib | Shibarium (@buzzdefi0x) May 27, 2024
Launched on March 7, 2024, KNINE is the native token of the K9 Finance ecosystem. With KNINE, K9 Finance’s community members can participate in critical decision-making processes and vote on proposals through the project’s decentralized autonomous organization (DAO).
For instance, the community leveraged over 13 billion KNINE tokens to vote for the burning of 410 million KNINE in honor of Ethereum co-founder Vitalik Buterin, who incinerated 410 trillion Shiba Inu tokens in 2021. The team specified that the highly anticipated KNINE burn will occur on May 31.
🔥DAO Vote Passed🔥
K9 DAO will burn 410,000,000 $KNINE on May 31st to honor @VitalikButerin’s $SHIB burn in May 2021
13 billion KNINE tokens voted on the proposal with 81.66% of voters in “YES” favor of the burn🔥
See the results 👇https://t.co/Db2mVMSJ6n pic.twitter.com/DdjxjUIzNK
— K9 Finance DAO (@K9finance) May 18, 2024
Since its launch, KNINE has been listed on four centralized crypto exchanges: MEXC, CoinW, BitMart, and LBank. In a recent X post, Buzz disclosed that another exchange listing for KNINE is on the horizon. In the meantime, the price of KNINE has soared 1.23% over the past 24 hours to $0.00002518.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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