Shiba Inu Partner K9 Finance Launches KNINE Token, Sees Strong Start
K9 Finance DAO, a partner of the popular Shiba Inu meme coin, has officially launched its native token, KNINE, on cryptocurrency exchanges.
KNINE Now Available for Trading
- K9 Finance announced the launch on Thursday via its official website and social media channels, sharing the official KNINE contract address.
- Market tracking websites like CoinMarketCap confirm that KNINE is live for trading, with a market capitalization exceeding $14.12 million.
- KNINE is currently trading around $0.0001782 on popular decentralized exchanges (DEXes) like Uniswap and Dodoex.io.
$KNINE token is now LIVE 🐶
Official Contract Address 👇
0x91fbB2503AC69702061f1AC6885759Fc853e6EaE
K9 Finance DAO is the Official Liquid Staking partner of the $SHIB blockchain: #Shibarium
▶️Official @Shibtoken Partner
▶️Official Shibarium Validator
▶️Fully decentralized DAO… pic.twitter.com/WS40SQLiy2— K9 Finance DAO (@K9finance) March 7, 2024
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Strong Early Traction
- KNINE has attracted over 3,500 holders and recorded over 11,290 transactions within its first 24 hours.
- Shiba Inu’s lead developer, Shytoshi Kusama, urged the community to be cautious and only use official sources for information due to potential scams surrounding the launch.
Only use official guys here. Lots of scammers!!! Pay attention. https://t.co/J40w3N4yLr
— Shytoshi Kusama™ (@ShytoshiKusama) March 7, 2024
Safeguarding Against Scams
- Before the official launch, fraudulent entities attempted to trick users by claiming KNINE was already trading on Uniswap and selling fake tokens.
- The K9 Finance team deployed KNINE with a paused trading function. They recently activated trading after injecting $100,000 in liquidity to Uniswap.
Bullish Sentiment and Future Potential
- The crypto community is showing bullish sentiment towards KNINE due to K9 Finance’s association with Shiba Inu. The token has reportedly surged over 240% since launch.
K9 Finance: A Pillar of Shibarium
- K9 Finance serves as an official liquid staking protocol on Shibarium, Shiba Inu’s upcoming blockchain.
- It aims to establish core DeFi principles within the Shibarium ecosystem.
- K9 Finance became a Shibarium validator last month, allowing users to earn BONE tokens through staking.
KNINE’s Role in K9 Finance DAO
- The KNINE token governs the K9 Finance DAO, a decentralized autonomous organization.
- KNINE holders can stake their tokens to earn DAO fees and real yield generated by validators.
The launch of KNINE marks a significant step for K9 Finance and reinforces its position within the Shiba Inu ecosystem. The token’s strong initial performance and its utility within the K9 Finance DAO suggest a promising future.
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