- Shiba Inu has partnered with NowPayments.io to facilitate the burn of a percentage of tokens in each transaction.
- With the ongoing price rally, SHIB witnesses a spike in on-chain activity.
- Analysts expect SHIB to continue posting gains, even as DOGE retreats.
Shiba Inu has announced its latest partnership for burning SHIB ecosystem tokens. Popular as the Dogecoin-killer, Shytoshi Kusama has unveiled plans to boost the utility of SHIB, LEASH and BONE.
Boost in utility and implementation of burn likely to fuel SHIB rally
Shiba Inu has jumped in on nearly every trend in cryptocurrencies since its launch in August 2020. Upgrades in the ecosystem like the launch of decentralized exchange ShibaSwap, a trifecta of SHIB ecosystem tokens (SHIB, LEASH and BONE) and the implementation of burn are key to Shiba Inu’s growth in 2021.
The Shiba-Inu-themed cryptocurrency announced its recent partnership with NowPayments.io, a platform to accept cryptocurrency payments. Through this move, a percentage of Shiba Inu ecosystem tokens will be burned through every transaction, beginning with SHIB.
We are proud to announce that we will be establishing a #PartnerSHIB with NowPayments.@NOWPayments_io will onboard the #SHIB Trifecta $SHIB $LEASH $BONE, starting with $SHIB, BURNING a percentage on each transaction.
More details to follow #ShibArmy, stay tuned! WOOF! pic.twitter.com/YXjMWB3ZNX
— Shib (@Shibtoken) October 7, 2021