Shiba Inu (SHIB) is on the verge of launching its layer-2 network, Shibarium. And as such, various platforms are lining up to list tokens for projects that are based on the new layer 2. Following the trend, the known South Korea-based cryptocurrency exchange Gate.io has listed PAW, the native token of PawSwap.
News of the listing has caused the token to surge. At press time, PAW was trading at $0.000000008744, up 137.2% in the last 24 hours. Moreover, the token has rallied by 210.2% on the weekly charts.
However, it should be noted that Gate.io’s announcement mentions that PAW is not yet available to U.S. customers. Other countries where the token is unavailable from Gate.io are Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea, the Crimea, Sudan, Syria, Bangladesh, and Bolivia.
Moreover, Gate.io recently announced the listing of Shiba Inu’s BONE token. BONE is set to be the gas token for the Shibarium network. BONE climbed to a high of $2.05 after the listing announcement.
What is Shiba Inu’s PawSwap?
PawSwap aspires to be the first cross-chain DEX, enabling users to swap assets between Shiba Inu’s Shibarium and other networks. Furthermore, PawSwap intends to introduce trading pairings between all significant blockchains, enabling a seamless transactional experience. Three networks have already undergone the first deployment, and more are on the way. This will let capital flow into Shibarium and solidify its position as an ongoing participant in the larger crypto market.
A community-driven governance mechanism will also be implemented by the $PAW team, giving users a voice in the platform’s growth and development. Regardless, the SHIB community is still waiting for a confirmed launch date for Shibarium. Although the launch is close, the team has not disclosed an exact date for the launch.
At press time, Shiba Inu (SHIB) was trading at $0.00001313, down 0.5% in the last 24 hours.