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Shiba Inu Unveils Discounted SHIB Name Service

Shiba Inu Unveils Discounted SHIB Name Service

Introducing the Shiba Inu (SHIB) Name Service has resulted in another accomplishment for the SHIB ecosystem. Shytoshi Kusama, the head developer for Shiba Inus, revealed this information about his X platform (previously Twitter) and how customers can buy a new SHIB moniker.

How To Buy A SHIB Name

Kusama said that the D3 app allows customers to buy a SHIB name. The company that the Shiba Inu team collaborated with to secure the “.shib” Top-Level Domain (TLD) is D3inc. The developer also mentioned that customers may use his coupon code “Shytoshi” to receive a 69% discount on their purchases. However, this discount is only valid on the initial purchase.

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Before the service’s public launch, the Shiba Inu team had granted early access to anyone interested in buying a SHIB name. Kusama stated that people may obtain a “grail or two before anyone else” because of the early access. However, it’s unclear how many people seized this chance.

In the meantime, the Shiba Inu team has been quite active lately, forming important alliances to strengthen the Shiba Inu ecosystem. Notably, they have collaborated with the open-source cryptography company Zama to introduce a new security and privacy encryption standard. The project is to expand the ecosystem and strengthen SHIB’s security.

It is reasonable to anticipate more alliances similar to the ones with D3inc and Zama, given Kusama’s recent remarks on gaining fresh partnerships for the ecosystem. The time has come, he continued, for the team to unveil Shiba Inu’s true potential, and he hinted that further announcements would follow shortly.

Partner Of Shiba Inus To Launch Token

On March 7, K9 Finance, a Shibarium-based platform for liquid staking derivatives (LSD), will introduce its $KNINE coin. The potential introduction of fresh funds into the Shiba Inu ecosystem makes this event noteworthy. Since the LSD platform may contribute to a rise in network activity and, eventually, the quantity of SHIB tokens burned, K9 Finance’s function on Shibarium is equally crucial.

The debut of K9 Finance coincides with the need for a momentum boost for the Shibarium network. Since the beginning of the year, there has been a noticeable decrease in the activity of the layer-2 network. Shibarium has been averaging fewer than 3 million daily transactions, even though its total transactions have recently surpassed 400 million.

This is less than what the network saw at the end of the previous year, when it averaged over 7 million daily transactions for most of December 2023.

As of this writing, CoinMarketCap data shows that SHIB is trading at approximately $0.00003038, down more than 14% over the previous day.

Shiba Inu price chart from Tradingview.com
SHIB price at $0.0000319 | Source: SHIBUSDT on Tradingview.com

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