- Shiba Inu’s Shytoshi Kusama reacts to the “so-called” neglect of Shibarium-based meme coins by the Centralized Exchanges and claims there is not much mainstream adoption.
- To solve this problem, Shytoshi has proposed that projects on the network engage in strategic partnerships, build unique niches, and drive revenue.
Shiba Inu (SHIB) lead developer Shytoshi Kusama has detailed why the Shibarium network does not attract many Centralized Exchange (CEX) listings following an earlier report by a Community Takeover meme token FEED based on the Shibarium chain.
According to our research, FEED earlier wrote a comprehensive post to Kusama, explaining how difficult it has been for Shibarium ecological meme coins to get CEX listings. In the post, FEED pointed out that only Gate.io exchange supports Shibarium, forcing most of these projects to give up. Having raised this challenge, the meme coin account asked Shytoshi if there were any solutions in the “future plans” of Shibarium.
There is a problem that bothers many of our community members: many traders who want to participate in the Shibarium ecological meme project have given up because there is no mainstream sex to support Shibarium. We checked most of the sex, and only gate sex supports the barium. Therefore, the question for our community members is, is there a solution to the above problems in your plan for Shibarium? If this problem can be solved, we believe that it will make Shibarium greater.
Meanwhile, this post generated several comments with a section of the users attacking the identity of Shytoshi. Responding to this, the Shiba Inu lead developer slammed the critics and clarified that he is a developer. On the main issue, Shytoshi highlighted that users first need to know the requirements for CEX to adopt Shibarium.
How Shibarium-Based Meme Coins Could Get CEX Listing
Firstly, he pointed out that CEX’s focus is on mainstream adoption. For this reason, projects must be heavily adopted, drive traffic, and appeal to the market to get the necessary attention.
As part of the method to drive demand and win the “heart of exchanges,” Shytoshi suggested that the Shibarium projects should foster partnerships, build on unique niches, and drive revenue.
Concluding his points, the developer stated that projects that break out on Shibarium could quickly get CEX listings. Per his observation, Shibarium has many similarities to Polygon.
Partnershibs, focusing on unique niches and getting revenue for the foundation through the above so the community can work collectively on these issues.
So step 1: Build it. 2. Build the technical (governance, etc) foundation for it. 3. Get adoption from Web 2 and…— Shytoshi Kusama (@ShytoshiKusama) November 20, 2024
Recently, CNF reported that Shytoshi has proposed the establishment of a Strategic Hub for Innovation in Blockchain (S.H.I.B.) in the US. Meanwhile, this plan requires that the new US administration builds a blockchain Silicon Valley with an Initial investment of $2.35 billion.
On the other hand, Shibarium has also been recording incredible transaction numbers. In October, Shiba Inu marketing lead Lucie disclosed that the number of daily transactions reached 4.77 million. According to her, this underscores the surge in user interactions on the network. Meanwhile, the SHIB token was cooling off at press time with a trading price of $0.00002487.
