Dubai-based crypto exchange CoinW announces the listing of Shiba Inu’s artificial intelligence partner token, Bad Idea AI (BAD), on its trading platform.
According to a recent announcement, CoinW will list the token in its innovation zone under the BAD/USDT trading pair. The exchange also took to X to announce the development.
🚨 #CoinW Listing Alert!$BAD (BAD IDEA AI) @badideaai will be Listed on 4th June 2024, 10:00 UTC.
🔥 Join the BAD bounty program and share a 10,000 USDT reward! 🔥
🔸 Deposit: 3rd June 2024, 10:00 UTC
🔸 Trading: 4th June 2024, 10:00 UTC
🔸 Withdraw: 4th June 2024, 10:00 UTC… pic.twitter.com/ggAQf7EIc5— CoinW (@CoinWOfficial) June 3, 2024
CoinW opened deposits for BAD yesterday, allowing its users to send the token into their accounts in preparation for the trading set to begin today. Notably, trading and withdrawal of BAD will officially commence today at exactly 10:00 AM (UTC).
Shiba Inu Congratulates Bad Idea Team
The Shiba Inu ecosystem team took to X to congratulate their AI partner on the listing of its native token on CoinW. They emphasized that the listing resulted from the Bad Idea AI’s team dedication and hard work.
Huge congrats to our partners @badideaai on their well-deserved CoinW listing! The Bad Idea team's hard work is paying off! #Partnershib https://t.co/lJErCsMCXe
— Shib (@Shibtoken) June 3, 2024
The CoinW listing will further bolster the widespread adoption of BAD, which could positively impact the token’s price in the long term. This is because CoinW is ranked as the 29th-biggest exchange, with a 24-hour trading volume of $1.14 billion.
CoinW supports 393 crypto assets and a total trading pair of 411. Some of its supported coins include Shiba Inu ecosystem tokens like SHIB, KNINE, and SHEB.
BAD Price Soars 11.7% in 24 Hours
Meanwhile, since BAD’s launch on May 5, 2023, it has secured listings across ten crypto trading platforms, including Gate.io, Bitget, MEXC, BitMart, Poloniex, Bilaxy, and LBank.
With CoinW announcing further support, the number of trading platforms that have listed the AI-focused token has increased to 11.
The token, which surged to an all-time high of $0.000000194 on August 13, 2023, was trading at $0.000000027. Its current price represents a 24-hour surge of 11.7%.
CoinW Launches Giveaway to Celebrate BAD Listing
Interestingly, CoinW announced a special bounty program with a reward pool of $10,000 to celebrate the listing of BAD. The one-week bounty program will commence today, June 4, at 10:00 (UTC) and end on June 10 at 16:00 (UTC). Per the announcement, the bounty program was segmented into five categories.
Tier 1
The first category is designed for new users who register a new account and trade any amount of BAD/USDT during the promotion period. A prize pool of 1,000 USDT of BAD has been set aside for this event, and eligible users will receive a $5 airdrop on a first-come-first-served basis.
Tier 2
According to CoinW, the second category involves a trading competition for the BAD/USDT pair. Users who trade a maximum of 100 USDT of BAD within the promotion period will be eligible to share the daily prize pool of 500 USDT in BAD.
The total reward for this event is 3,500 USDT worth of BAD. Notably, the top 10 users with the highest trading volume will share 50% of the daily reward pool, while the remaining 50% will be distributed to users who meet the trading requirements.
Tier 3
The third event is a referral program, where users are rewarded for inviting new users to register on CoinW, complete KYC, and execute any amount of BAD/USDT transactions during the promotion period. CoinW has set aside 500 USDT as the total reward pool for this event. Existing CoinW users will receive at least 3 USDT worth of BAD for every successful invitation.
Tier 4
Notably, the fourth event is a social media campaign with a total reward pool of 3,000 USDT worth of BAD. The social media task involves retweeting an X post on CoinW’s account and completing tasks on the Gleam platform. Winners of this event will be selected via a lucky draw, and each will receive 5 USDT worth of BAD.
Tier 5
Lastly, the fifth program will see the exchange distribute a prize of 2,000 USDT worth of BAD to users who join an upcoming AMA session featuring the CoinW and Bad Idea team. CoinW said more details about the upcoming AMA will be released soon.
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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