As announced on X (Twitter) and #Binance , Shiba Inu has launched its Shiba Name Service (SNS) on Shibarium, a Layer-2 scaling solution.
The purpose of the SNS is to empower users to take ownership of their Shib identity and steer clear of complicated blockchain addresses.
By visiting the SNS website, users can protect their exclusive name. SNS's debut was commemorated with a $5,000 Shib giveaway.
The #SHIBCommunity is excited about the recent launch of SNS, and some are speculating that it might cause a rally in $SHIB price.
It's crucial to remember that SNS's introduction does not ensure that SHIB's price will rise because #cryptocurrency prices are very erratic and susceptible to changes in the market.
A platform for token burning has already been introduced by #Shib Inu, enabling holders to get paid for burning their SHIB tokens. The recent introduction of SNS is a step in the direction of the Shiba Inu ecosystem's growth and may encourage more people to use the SHIB #crypto token.