An altcoin in the Shiba Inu (SHIB) ecosystem is skyrocketing after its lead developer unveiled the first “truly decentralized exchange” ahead of the launch of Shibarium, the project’s highly anticipated upcoming layer-2 scaling solution.
In a new blog post, pseudonymous SHIB developer Shytoshi Kusama reveals “Shibapendence Day”, a celebration for the SHIB community to declare its freedom from centralization.
The project’s decentralized exchange (DEX), ShibaSwap, is gearing up to launch its second iteration, though no specific date has been given.
Shibapendence Day’s statement soared Bone ShibaSwap (BONE), the DEX’s governance token.
The dog-themed crypto asset went from a low of $0.90 on July 1 to a high of $1.44 on July 8, an increase of 60%.
According to Kusama, centralized entities have plundered the Earth, offering nothing in return, paving the way for a decentralized future.
“For hundreds of years, humanity has been subject to the concept of ‘centralization’, a hierarchical system of authority that steals power from the majority and divides it among the controlling entities of our world.
These centralized forces have managed to erode the fabric of the human mind and plunder the planet, giving nothing back to the billions of lives that depend on their benevolence…
With the upcoming release of ShibaSwap, we are proud to take the lead in ushering in a new era by presenting the first truly decentralized exchange and declaring our Shibapendence!
This is just the first project of many championed by the decentralized groups who believe in the Shiba ethos and share our vision of freedom within a decentralized future.”
BONE has since pulled back and is trading at $1.34 at the time of writing.
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