Shiba Inu and K9 Finance Announce New Airdrop on Shibarium

Shiba Inu Partners with K9 Finance and Unification for Shibarium

The Shiba Inu and K9 Finance ecosystem teams have stirred excitement in the crypto community by announcing a “retroactive” airdrop on Shibarium, a leading Layer 2 blockchain. On May 24, Shiba Inu marketing lead Lucie shared the news on X, revealing that K9 co-founder Buzz first mentioned the airdrop during a recent interview. Lucie explained that participants need to earn points, which they can exchange for “free tokens.”

Earning Points For Airdrop

Participants can earn points by bridging their assets to Shibarium, using the L2 blockchain for transactions, and holding tokens like LEASH and KNINE. Lucie didn’t disclose the prize pool’s size but noted that users would receive rewards based on their accumulated points. 

Related article: Shiba Inu Prioritizes Long-Term Growth Over Short-Term Gains

She commented, “A future airdrop (free money) is coming to #Shibarium. #BridgeToShibarium #UseShibarium Hold $Knine.”Buzz, K9 Finance’s co-founder, confirmed the Shibarium airdrop. He highlighted that K9 Finance will reward users retroactively based on their engagement with Shibarium, such as interacting with decentralized applications (dApps) on the platform, holding KNINE tokens, and participating in upcoming tests of the K9 dApp. 

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Buzz emphasized that the airdrop is retroactive, meaning users will receive rewards in the future based on their past activities. The team has already started tracking users’ wallets to determine the number of tokens they will receive when the airdrop occurs. However, K9 has yet to provide further details about the airdrop, including its duration.

Previous Airdrop And Upcoming K9 dApp Launch

Earlier this month, K9 announced a 420 million KNINE sweepstakes to celebrate its role as a Shibarium validator. Moreover, K9, Shiba Inu’s official liquid staking and derivative partner, is working diligently to launch its much-anticipated staking platform. 

The testnet version of the K9 dApp will debut this quarter, with the complete mainnet version set to launch in Q4.

Through these strategic moves, Shiba Inu and K9 Finance aim to enhance user engagement and expand their ecosystem, leveraging the power of Shibarium’s L2 blockchain.

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Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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