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Main » Crypto News » Shiba Inu Coin: Rise from Binance

Shiba Inu Coin: Rise from Binance

Shiba Inu Coin: Rise from Binance

For Shiba Inu Coin came an important reward from Binance. The $SHIB token is out of the innovation zone: it has higher standards.
For Shiba Inu Coin came an important recognition, and it is the recognition of the world's largest and most important exchange by volume - Binance. A few hours ago, the CZ exchange announced that $SHIB had withdrawn from the innovation zone, recognizing its value and compliance with the exchange's high standards for placing certain tokens in the mainstream exchanges.
This is an important recognition - though it probably won't have much impact on the price - that makes $SHIB leave the innovation zone along with Frax Share $FXS, the Trust Wallet TWT token and even INCH, a dex that has been one of the most interesting in the world for the past year.
But what does this mean for $SHIB? Is it really a big step forward? That depends on which way you look at it. Let's take a look at what Binance had to say about the token meme.

Binance recognizes the value of $SHIB: promoted by Innovation Zone


The Innovation Zone is a kind of virtual zone where new projects that the exchange is still evaluating for full approval end up inside Binance. It is a kind of vestibule that still allows shopping and trading, while reminding customers that these are relatively new projects and they have not yet reached the highest standards set by the exchange.
The Innovation Zone was introduced to offer Binance users a safe place to trade new and innovative projects. From time to time, some projects prove their worth and reach the high standards we expect. When we recognize them during these periodic reviews, we move them out of the Innovation Zone.
This is the message of Binance, which then added an explanation of the criteria it uses to determine projects worthy of leaving the Innovation Zone.
 Commitment of the team
 Level and quality of developer activity
 Liquidity and trading volumes
 Stability of the network
 Stability of smart contracts
 Level of public communications
 Presence or absence of unethical behavior
 Contribution to a sustainable and secure cryptoecosystem

What does this "choice" mean for Shib?


Nothing specific, but nonetheless, it is an acknowledgement of the work done to date, along with tokens that our average readers will find more respectable, or at least more distant from the canon of meme tokens, tokens that not everyone understandably likes and which some consider one of the distortions of the cryptocurrency market.
The signal of an exit from the Innovation Zone, as well as news simmering in the cauldron for $SHIB, could help restore more attractive price levels for this token.

Beware of fakes


Over the weekend, one of the project's most prominent contributors urged everyone to pay more attention to what's happening around Shibarium, namely the publication of several fake tokens aimed at exploiting the popularity of the recently launched ecosystem.
There are no official tokens associated with Shibarium, and anyone who claims otherwise is trying to ride the wave to snatch a few million. Stay away from them.
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