Decentralized exchange aggregator PondX added support for Shiba Inu (SHIB) with 2x rewards.
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.
2x Rewards for @Shibtoken are now LIVE!
Get em’ while they’re hot! ?
Happy Trading ?https://t.co/baZAgLiHUG pic.twitter.com/892sNVQxYP
— Pond Coin (@Pond0x) September 4, 2023
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).
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.
At the Pond, we like to let the community decide! ??
Next token to add to https://t.co/baZAgLiHUG?
?
— Pond Coin (@Pond0x) September 2, 2023
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.
In the last 7 days, there have been a total of 564,273,572 $SHIB tokens burned and 88 transactions. #shib pic.twitter.com/DnOn4TQUEC
— Shibburn (@shibburn) September 3, 2023
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.
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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