First Japanese CEX To List Shiba Inu Giving Away Millions Of SHIB

The popular dog-themed altcoin Shiba Inu will be available for trading in the Japanese cryptocurrency exchange BITPoint starting Wednesday, and to celebrate the listing, the licensed CEX will give away millions of SHIB tokens.

On Nov. 30, BITPoint will become the first major Japanese CEX to list Shiba Inu. This is a remarkable achievement for the token, which was launched in August 2020.

The crypto asset is centered in Japanese culture as its mascot, the Shiba Inu, is a native Japanese hunting dog breed. Its first-ever Collectible Card Game (CCG) "Shiba Eternity," is rich in Japanese culture, ranging from the dojo to the overall theme.

"We would like to inform you that from November 30, 2022, we will start handling the new crypto asset SHIB," the announcement read. Unfortunately, BITPoint has not yet shared the Shiba Inu trading pairs that will be available on the CEX platform.

The CEX, however, shared four programs to entice people to trade SHIB on its platform. Based on the announcement, starting Nov. 30 until Dec. 29, 2022, new users who signed up on the platform's official site will be rewarded with 1 million SHIB as a welcome bonus.

BITPoint also announced a trading competition where participants can share 100 million SHIB by spending more than 10,000 yen or around $72 in SHIB. Those who would be selected at random to receive a chunk of the 100 million SHIB giveaway,

Aside from those, BITPoint launched a social media campaign that will run from Nov. 30 until Dec. 29, 2022. Twitter users who follow the official account of the Japanese CEX, retweet and like the campaign will be entitled to be chosen as one of the winners.

One winner will get 100 million SHIB and the other 11 winners will each get 11.11 million Shiba Inu tokens.

SHIB, the native token of the Shiba Inu ecosystem, has suffered from the prolonged crypto winter and the negative atmosphere of the industry following the implosion of the crypto derivatives exchange FTX and its ongoing unraveling.

As of 11:38 p.m. ET, SHIB was trading down 1.32% at $0.000008942 with a 24-hour trading volume of $104,295,062, according to the latest data from CoinMarketCap.