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HomeCrypto NewsMarketPondX Adds Shiba Inu (SHIB) With 2x Rewards

PondX Adds Shiba Inu (SHIB) With 2x Rewards


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Decentralized exchange aggregator PondX added support for Shiba Inu (SHIB) with 2x rewards.

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PondX, a leading decentralized exchange aggregator, recently announced the integration of the Shiba Inu token into its platform. This move will allow PondX users to swap SHIB seamlessly and earn 2x rewards from pooled swap fees.

The development comes after Shiba Inu smashed its rivals, ChainLink (LINK), Rollbit Coin (RLB), and MOG Coin (MOG), in a recent poll conducted by PondX on the X platform (fka Twitter).

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The poll has garnered significant interest from the Community, with 7,987 total votes cast. Shiba Inu emerged as the undisputed champion, securing 46.4% of the total votes, while Chainlink followed closely in second place with 30.3% votes.

According to the official website, PondX currently aggregates liquidity from over twenty-two decentralized exchanges, nine bridges, and twenty blockchain networks. In addition, PondX rewards users with a share of pooled swap fees based on factors like swap frequency, transaction volume, and token types.

In another exciting development, the Shiba Inu Community has reduced the supply of SHIB by sending 564,273,572 (564.27 million) SHIB to the dead wallet over the past week. This was accomplished through eighty-eight separate individual transactions.

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As reported earlier by The Crypto Basic, the Community has eliminated a record 5,715,986,938 (5.71 billion) SHIB tokens from circulation via 763 separate transactions in August.

Moreover, OKCoinJapan has unveiled its plan to extend support for Shiba Inu. Per the announcement, the Tokyo-based exchange is set to support SHIB transactions on the Polygon chain from September 7.

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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.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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