Doge Killer ($LEASH) and PawSwap ($PAW), two new tokens from the Shiba Inu ($SHIB) ecosystem, will be listed on Bitget, one of Singapore’s top cryptocurrency trading platforms.
Both tokens are being listed in the innovation zone of the exchange, which Bitget described as being “primarily for trend tokens (first) listing, which comes with a 60-day valuation period to assess whether the trading pairs maintain listing requirements.
Only on the spot market are LEASH and PAW trading pairs instantly accessible versus USDT. Although withdrawals won’t be accessible till tomorrow, deposits are now accepted.
Both coins have had a rather modest presence on major exchanges up until now, so this move by Bitget is likely to be a significant liquidity driver for both. The volumes on decentralized exchanges are still twice as large as on centralized platforms, despite the fact that both coins have just been listed on Gate.io and LEASH is being traded on OKX.
The Shiba Inu ecosystem’s second token, LEASH, “was first utilized as a rebase token to follow Dogecoin’s price,” according to its description. Nevertheless, LEASH was changed to an ERC-20 token by the SHIB developers. Holders of LEASH tokens may stake them in the liquidity pool for payouts of xLEASH.
When PawSwap, a decentralized exchange, debuts on Shibarium, Shiba Inu’s layer-2 scaling technology, users will be able to switch tokens at a discount and give their savings to a charity of their choosing. The platform’s native token is called PAW.
Prior to Shibarium’s formal debut, the LEASH and PAW listings took place. The forthcoming version is likely to include applications for both tokens, making their inclusion on Bitget even more essential. It’s interesting to note that both tokens may have benefited from Shibarium’s release being delayed since during this time they garnered popularity and investors’ attention.
It’s important to note that Bitget, which recorded a trading volume of approximately $500 million over the last 24 hours, is a prominent cryptocurrency trading platform by volume.