Shiba Inu (SHIB), a cryptocurrency that originated from the well-known Shiba Inu dog meme, has been making its mark in the digital currency world since its launch on the Ethereum blockchain in 2020.
The Shiba Inu cryptocurrency project, rooted in the popular Shiba Inu dog meme, presents itself as a rival to Dogecoin and runs on the Ethereum blockchain. The Shiba Inu (SHIB) ecosystem comprises three unique tokens, each serving a particular purpose within the project.
SHIB, as the main token, acts as a decentralized, community-driven currency that is accessible to millions of users around the world. Having launched on the Ethereum blockchain in late 2020, SHIB has since gained global attention and can be used for payment at various locations, either directly or through intermediary services.
BONE serves as the governance token in the ecosystem, with a total supply of 250 million. BONE enables the Shib Army to participate in decision-making by voting on proposals through the Doggy DAO. Additionally, BONE establishes the groundwork for Shibarium, Shiba Inu’s own Layer 2 network.
The third token, LEASH, has a limited supply of 107,646 and offers exclusive benefits to dedicated supporters of the ecosystem. LEASH holders have experienced advantages such as increased BONE rewards for providing liquidity to ShibaSwap, exclusive rights to mint Shiboshi NFTs, and priority access to land sales within the “SHIB: The Metaverse project.”
Binance Pay, a cryptocurrency payment solution developed by Binance, has been facilitating SHIB transactions (since 1 November 2022), enabling users to make purchases with SHIB or transfer it to friends and family across the globe. This service offers zero transaction fees and rapid payments.
In a recent development, Binance Pay has joined forces with Alternative Airlines, a platform for online flight bookings.
This collaboration offers Shiba Inu users a 3% discount on all flight bookings made through Alternative Airlines. To avail of the discount, users need to use the discount code “BINANCE3” at checkout and finalize the purchase using Binance Pay. The discount applies to the total booking cost, with a maximum limit of $500 per transaction. This promotional offer is time-limited and will conclude on August 31st, 2023, at 23:59 (UTC).
Until this partnership with Binance, the only cryptocurrency that Alternative Airlines supported was Bitcoin.
Featured Image Credit: Photo / illustration by StockSnap via Pixabay
