\u201cFirst, since Shibinu is an Ethereum-based ERC-20 token, it can be easily integrated with the Ethereum ecosystem and can be used in a variety of ways.\u00a0A decentralized exchange (DEX) called Shiba Swap is in operation, and in addition to this, a Shibainu incubator that sponsors artists, and an NFT collection that can be purchased with Shibainu tokens have also been launched.<\/em><\/p>\n \u201cSecond, unlike Dogecoin, which operates on its own mainnet, forked from Litecoin, Shibinu benefits from the security-verified Ethereum network.\u00a0<\/em><\/p>\n \u201cThird, Sibainu was distributed evenly using Uniswap\u2019s liquidity pool.\u00a0As a result, Etherscan confirms that token holders are well decentralized.<\/em>\u201d\u00a0<\/p>\n $SHIB started trading on Korbit at 03:00 UTC (or 12:00 p.m. KST) on November 25.<\/p>\n On June 1, as reported by The Block, Korbit launched the first non-fungible token ((NFT) marketplace in South Korea. <\/p>\n Korbit CEO Oh Se-jin was quoted as saying:<\/p>\n \u201cThe local NFT market is still in a fledgling stage, compared to global ones, and the Korbit platform will help create synergy between the blockchain ecosystem and various sectors, including art, visual media and gaming.<\/em>\u201c<\/p>\n According to data by CryptoCompare, currently (as of 1:00 p.m. UTC on November 25), $SHIB is trading around $0.0000403, up 4.34% in the past 24-hour period.<\/p>\n What this means is that $SHIB has taken back 12th place from Crypto.com Coin ($CRO), which until today was enjoying quite a rally following the announcement of Crypto.com\u2019s 20-year sponsorship deal with the owners of iconic Los Angeles sports area formerly known as Staples Center.<\/p>\n![](\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2021\/11\/Screenshot-2021-11-25-at-13.02.03-1-1280x777.png\")
<\/p>\n![](\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2021\/11\/minute_CryptoCompare_Index_SHIB_USD_1695_51637845473049-1.png\")
<\/p>\nDisclaimer<\/h2>\n