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Shiba Inu

Shiba Inu Team Launches SHIB Name Service With Exclusive Discount

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Shiba Inu
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Shiba Inu (SHIB) ecosystem has recorded another achievement following the launch of its SHIB Name Service. Shiba Inu’s lead developer, Shytoshi Kusama, made this revelation on his X (formerly Twitter) platform and how users can purchase a new SHIB name. 

How To Purchase A SHIB Name

Kusama mentioned that users can purchase a SHIB name on D3’s app. D3inc is the firm that the Shiba Inu team partnered with to obtain the ‘.shib’ Top-Level Domain (TLD). The developer added that one could get a 69% discount on their purchases using his coupon code ‘Shytoshi.’ This discount, however, only applies to the first purchase. 

Related Reading: Bitcoin Miners Credited For BTC Rise To $69,000 ATH, Here’s Why

Before now, the Shiba Inu team had opened up early access for those interested in purchasing a SHIB name before the service went public. Back then, Kusama noted that the early access allowed persons to scoop a “grail or two before anyone else.” The number of persons who took advantage of this opportunity is, however, uncertain. 

Meanwhile, the Shiba Inu team has been busy as of late, securing significant partnerships in a bid to bolster the Shiba Inu ecosystem. Notably, they recently launched a new security and privacy encryption standard in partnership with Zama, an open-source cryptography firm. The initiative is aimed at fortifying SHIB’s security and growing the ecosystem. 

More partnerships like the one with D3inc and Zama can be expected, as Kusama recently hinted at securing new collaborations for the ecosystem. He also added that the time has come for the team to reveal Shiba Inu’s true power, suggesting that more announcements would be made soon enough. 

Shiba Inu’s Partner Set To Launch Token

K9 Finance, a liquid staking derivatives (LSD) platform built on Shibarium, is set to launch its $KNINE token on March 7. This event is significant as it could introduce new money into the Shiba Inu ecosystem. K9 Finance’s role on Shibarium is also critical as the LSD platform could help increase network activity and, ultimately, the number of SHIB tokens that are burned. 

Related Reading: DOGE Vs. ADA: Cardano Founder Reveals When Altcoin Season Will Officially Begin

K9 Finance’s launch is coming when the Shibarium network needs some form of momentum boost. The layer-2 network’s activity has declined significantly since the turn of the new year. Although it just crossed the 400 million mark in total transactions, Shibarium has been averaging daily transactions below the 3 million mark. 

That is low compared to the end of last year, when the network averaged over 7 million daily transactions for most of December 2023. 

At the time of writing, SHIB is trading at around $0.00003038, down over 14% in the last 24 hours, according to data from CoinMarketCap. 

Shiba Inu price chart from Tradingview.com

SHIB price at $0.0000319 | Source: SHIBUSDT on Tradingview.com
Featured image from Coinpedia, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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