KSHIB Holders Will Receive Converted SHIB Payouts At A Rate Of 1 KSHIB Every 1,000 SHIB

Key Points:

• SHIB/USD was posted on Binance.US at 7:00 a.m. Eastern Standard Time in February.
• SHIB payouts will be converted into KSHIB and distributed to holders of KSHIB at the rate of 1 KSHIB every 1,000 SHIB.

As on February 24, the Kilo Shiba Inu trading pair on Binance.US, the US-based affiliate of Binance, will be replaced by the Shiba Inu (SHIB) trading pair.

Binance.US, a subsidiary of the cryptocurrency trading platform Binance, has stated that it would delist Kilo Shiba Inu (KSHIB) on February at 7:00 a.m. Eastern Standard Time (EST), and it will list Shiba Inu/US Dollar (USD) in its place.

On February 20 at 10:00 PM Eastern Standard Time, the KSHIB/USD trading pair will be discontinued, and any and all pending KSHIB spot orders will be nullified. Customers who now own Kilo Shiba Inu will receive converted Shiba Inu distributions by the 24th of February at the rate of 1 KSHIB every 1,000 SHIB. During this time of transition, the trading pair SHIB/USDT will continue to be made accessible.

Because transactions involving deposits and withdrawals may only be processed using Shiba Inu, consumers must first exchange their Kilo Shiba Inu for Shiba Inu before initiating a withdrawal. It is anticipated that the choice made by Binance.US to delist KSHIB and replace it with SHIB/USD would result in an improvement to the trading experience provided to the company’s consumers.

According to CoinMarketCap, this cryptocurrency is presently ranked as the 16th biggest cryptocurrency by market capitalization. Shiba Inu (SHIB), along with three more altcoins, is going to be added by Binance to the list of validated cryptocurrencies that are traded on the world’s largest cryptocurrency exchange by volume. This was announced a while back.

Additionally, Binance disclosed that it will provide support for a total of four other cryptocurrencies, including Shiba Inu, Polkadot (DOT), Solana (SOL), and Chiliz (CHZ). Binance is ecstatic to introduce zk-SNARK, a zero-knowledge verification technique for its proof of reserve (POR) verification system. This approach ensures that sensitive information remains secret and is kept in a more secure environment. This is a continuing endeavor on our side to be as transparent as possible with regard to user funds.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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