Poloniex, a preferred cryptocurrency change, has introduced the itemizing of Shikoku (SHIK), an offshoot of the meme-inspired cryptocurrency Shiba Inu (SHIB).
In line with the announcement, customers can start depositing SHIK tokens on March 8 at 11:00 a.m. (UTC), whereas buying and selling will start at 11:40 (UTC) on the identical day.
Shikoku (SHIK) is a decentralized meme coin experiment, with the purpose of making the Shikoku Inu Decentralized Ecosystem (SIDE) of purposes and instruments.
The coin was launched on the Ethereum mainnet on Nov. 7, 2022, at block 15921055. The whole provide of SHIK tokens is 1 quadrillion, with no taxes on shopping for or promoting.
Apparently, Shikoshi, the founding father of SHIK, gifted Ethereum founder Vitalik Buterin with 50% of the entire provide, or 500 trillion tokens. Shikoshi humbly requested that if Buterin accepts this provide, he burn 47% of the availability, donate 2% of the availability to numerous charity organizations and hold 1% to spend at his leisure.
Not too long ago, there was a pointy drop in SHIK token costs after Vitalik Buterin offered 500 trillion tokens. In line with Lookonchain, an arbitrageur made round 96 ETH ($150K) with 14 ETH on SHIK, and an arbitrageur made 89.6 ETH ($140K) with 6 ETH on SHIK. They instantly purchased SHIK at very low costs and offered them later.
The SHIK token was named after Shikoku Inu, a Japanese breed of canine from Shikoku island. It was designated by Japan as a culturally vital treasure of the nation in 1937. The canine is intermediate in measurement between the big Akita Inu and the small Shiba Inu.