There have been recent developments for the big meme coins Shiba Inu (SHIB) and Dogecoin (DOGE). DOGE has been listed on Mexico’s largest cryptocurrency exchange, while SHIB’s burning portal says it will start rewarding users on a specific date.
Dogecoin (DOGE), listed on Bitso
Mexico’s leading cryptocurrency exchange, Bitso, has added support for the meme cryptocurrency Dogecoin, according to a recent Twitter announcement. DOGE price was unchanged on the news and is currently trading at $0.13. The exchange emphasized that it only supports tokens issued on the Dogecoin Blockchain. As
Kriptokoin.com, Bitso added support for rival meme coin Shiba Inu in January. Last year, the exchange became America’s first cryptocurrency unicorn after raising $250 million. Bitso also aims to be the best cryptocurrency exchange in Brazil by the end of the year.
Shiba Inu (SHIB) users will begin receiving rewards
Shiba Inu holders will be able to receive their SHIB token burn rewards on May 17, according to an announcement posted on Twitter. The team behind the second largest meme coin launched a burn portal in late April after connecting with decentralized finance project Ryoshi’s Vision (RYOSHI). More than eight billion tokens were burned on the first day of launch. Users of the burn portal will receive burntSHIB tokens after permanently removing them from circulation by sending a certain number of SHIB tokens to the burn address.
Then BurntSHIB tokens will be exchanged for RYOSHI, the native token of Ryoshi’s Vision tokens. Users will receive rewards as RYOSHI tokens every two weeks. Holders of BurntSHIB tokens are entitled to 0.49 percent of all transactions. Starting with one quadrillion tokens, SHIB currently has 54 trillion tokens in circulation.
Nearly half of the total circulating supply of the cryptocurrency was burned by Ethereum co-founder Vitalik Buterin last year. The programmer also donated some of the SHIB tokens originally gifted to him by the anonymous co-founder Ryoshi. Shiba Inu users are burning their tokens to make the coin more scarce, potentially increasing its value.
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