Pawswap - Token
Pawswap strives to bring the same quality of success from Shiba Inu to Pawswap. $PAW will serve as the gateway to Pawswap with this website acting as the portal for entry.
Last updated
Pawswap strives to bring the same quality of success from Shiba Inu to Pawswap. $PAW will serve as the gateway to Pawswap with this website acting as the portal for entry.
Last updated
Before you understand Pawswap ($PAW), it is crucial for you to understand what is Shibarium. Shibarium is the Layer 2 scaling solution for the Shiba Inu coin.
This blockchain (L2) runs on top of the Ethereum blockchain, which the SHIB ecosystem tokens (SHIB, LEASH & BONE) utilize. A Layer 2 blockchain provides the benefits of scalability, faster transaction times, lower fees, and an expanded development framework. Click here for a more detailed explanation of this.
Inspired by Shiba Inu’s success, Pawswap ($PAW) and its token were developed and inspired with the mantra of decentralization at its core. As mentioned on their website:
Pawswap strives to bring the same quality of success from Shiba Inu to Pawswap. $PAW will serve as the gateway to Pawswap with this website acting as the portal for entry. The $PAW mission is to create a DEX that empowers individuals to take control of their financial future and provide a safe and user-friendly platform for trading cryptocurrencies.
With the end goal in my mind, $PAW strives to create and transform the decentralized space through community driven innovation. We pride ourselves in the ability to provide safety and compliance to anyone investing and trusting in our team and our products.
Basically, Pawswap will be one of the DEXes running on Shiba Inu’s L2, also known as the Shibarium. This means that the value of Pawswap will largely depend on the Pawswap protocol and its demand.
Pawswap brings out its PAWBURN portal.
PAW price decreased by over 13% in the last 24 hours.
According to an official tweet from the multi-chain decentralized exchange (DEX), Pawswap, which is planned to be built on Shiba Inu’s layer-2 blockchain ‘Shibarium’ has launched its “PAWBURN” portal.Since the beginning of the year, ‘Crypto Twitter’ has been buzzed with dog-themed memecoins updates. As Shiba Inu became well known for its upcoming layer-2 scaling solution “Shibarium”. Following that, the first multichain DEX Pawswap was inspired by SHIB’s success. But Shiba Inu’s lead developer, Shytoshi Kusama, stated that SHIB or its team has no relationship with Pawswap.
However, today Pawswap launched the PAWBURN portal for its ecosystem to increase the value of the meme token.
Since the introduction of the burn portal, a total of 27,407,234,934 PAW has been burnt, worth about $2053, as per the data. At the same time, Pawswap native crypto token PAW price declined by over 13% in the last 24 hours, which has seen dramatic price surges in the previous two weeks.
At the time of writing, the Shiba community-driven token traded at $0.00000007357 with 24 hours trading volume of $12 million and has a market cap of over $73 million. Still, PAW is up by 110% in a week and 2092% in the last 14 days.
Also, PAW has gained the support of many crypto enthusiasts and significant exchanges, over the past few weeks. And it has been listed on leading crypto exchanges such as LBank and Gate.io. The token price may increase in the future due to its new burn mechanism and Shibarium launch.
