Advertisement
AD

Main navigation

WEEX and SHIB Forge Strategic Partnership: Welcoming a Major New Partner to the WXT Ecosystem

Advertisement
Mon, 17/06/2024 - 8:06
WEEX and SHIB Forge Strategic Partnership: Welcoming a Major New Partner to the WXT Ecosystem
The cover image and all the rights belong to the client ordering given press release
Read U.TODAY on
Google News

Cryptocurrency exchange platform WEEX has established a strategic partnership with the Ethereum Layer 2 blockchain Shibarium. The collaboration will focus on selecting premium projects from among the thousands on the Shibarium chain for Launchpool and listing cooperation, aiming to support the growth of the Shiba Inu (SHIB) community. Shiba Inu advocates have agreed to designate WEEX as the preferred centralized exchange (CEX) partner for new qualifying projects emerging from the Shibarium hackathon and global developer community.

Advertisement

WEEX, SHIB, Shibarium, and SHIB's official DeFi protocol K9 Finance DAO have jointly announced this news. Concurrently, K9 Finance DAO has officially become a WEEX channel partner. They tweeted, "Shibarium users who register with WEEX through K9 DAO can enjoy zero fees currently and a permanent 50% fee discount in the future. With the partnership, WEEX will integrate the Shibarium chain, and more Shibarium projects will be listed in the future."

Launchpool: Exclusive Airdrops for WXT Holders

Launchpool is an upcoming new product on WEEX and an important application scenario for WEEX's platform token, WEEX Token (WXT). It aims to select quality new project tokens and provide exclusive airdrops to WXT holders before the official listing on WEEX. According to the recently announced Launchpool rules, users who hold ≥ 1,000 WXT for 30 consecutive days are eligible to participate in Launchpool and receive new project tokens for free based on their WXT staking ratio.

WXT is a global ecosystem incentive token issued by WEEX, designed to bind more partners, contributors, pioneers, and active members to the WEEX exchange community. In addition to Launchpool, WXT holders can enjoy trading fee discounts, higher commission rates, VIP user privileges, higher sharing profit ratios, staking returns, exclusive airdrops for star projects, voting for coin listings, and many other benefits. Notably, WEEX will also implement a WXT buyback and burn mechanism to provide value support for WXT.

Article image
Image by WEEX

Currently, WXT is undergoing a presale before its official listing, offering affiliates a 30% discount on purchases. Affiliates need to invite new users to register with WEEX during the event period (June 1-30) to earn points and unlock subscription quotas. Other users can participate in the WXT "ribbon-cutting event" to receive free WXT airdrops, with new users eligible for a welcome gift package of up to 197,800 WXT. Click to participate

SHIB: From the OG MEME to Web3 Builder

Article image
Image by WEEX

Shibarium is an Ethereum Layer 2 scaling solution launched by SHIB, designed to address the high gas fees and slow transaction speeds within the SHIB ecosystem, using Bone ShibaSwap (BONE) as gas fees to provide faster transaction speeds and lower costs.

Shibarium's mainnet went live in August 2023, and in April this year, it announced the Shibarium ecosystem plan and upgrade roadmap, promising extensive improvements and developments in DeFi, gaming, community building, and technical infrastructure. This includes upgrading the official DEX ShibaSwap, releasing the Shiba Hub application, introducing a new token TREAT, and launching the P2E version of the "Shiba Eternity" game. Following the announcement, Shibarium's network TVL soared to $3.9 million. With the thriving development of the Shibarium ecosystem, SHIB has transformed from a playful OG MEME into an innovative pioneer in the Web3 field, shedding its fluffy exterior to reveal a tech-savvy core.

Moreover, K9 Finance DAO, as SHIB's official DeFi protocol, aims to bring decentralized finance to Shibarium and incentivize developers to build products on Shibarium through rewards.

This ambitious series of plans is expected to attract up to 1,000 projects to build on Shibarium within the next 12 months, providing WEEX with a broad selection of quality projects for collaboration.

K9: SHIB's Official DeFi Protocol and WEEX Channel Partner

On June 12, WEEX officially launched K9 Finance DAO (KNINE), marking the beginning of a deep partnership as K9 Finance DAO also became a WEEX channel partner.

Article image
Image by WEEX

Shibarium's official post on X stated, "The listing of KNINE and Shibarium integration is a huge victory for the SHIB army. The efforts of the K9 team and their partnership with WEEX are paying off."

In August this year, WEEX, SHIB, and K9 will jointly sponsor and attend Canada's largest Web3 event—the Blockchain Futurist Conference. The trio will host live events to attract more users to Shibarium and WEEX, deepening this partnership further.

WEEX Official Website: www.weex.com

WXT: www.weex.com/wxt

Shibarium Official Website: https://shibarium.shib.io

K9 Official Website: https://www.k9finance.com

Company details

  • Organization
    WEEX
  • Website:

Disclaimer: This is sponsored content. The information on this page is not endorsed or supported by U.Today, and U.Today is not responsible or liable for any inaccuracies, poor quality, advertising, products or other materials found within the publication. Readers should do their own research before taking any actions related to the company. U.Today is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
AD