The event aimed to raise funds for the SEUNGIL HOPE Foundation, which focuses on leveraging blockchain technology for charitable activities. Shiba Inu has supported charitable initiatives at the Korea Blockchain Week 2024.

The tweet stated that the foundation’s fundraising efforts saw a “major boost” due to the support received from these organizations. Gate.io thanked Shiba Inu and other supporters for their involvement, highlighting the impact on the event’s fundraising goals. 

#Gateio brings you Lead Asia Charity Carnival 2024 at Korea Blockchain Week!

Special thanks to AiRian, Shiba Inu, MemeCore, and East Asian media for their incredible support.

Funds raised for SEUNGIL HOPE Foundation—Web3 charity just got a major boost! #Charity #KBW pic.twitter.com/8q27nLNBGe

— Gate.io (@gate_io) September 5, 2024

Shiba Inu’s engagement in charitable activities is not a new development. Previously, the cryptocurrency collaborated with the Manny Pacquiao Foundation, a non-profit organization led by Filipino boxing legend and politician Manny Pacquiao. The foundation has been using Shiba Inu’s blockchain network to improve operations. Pacquiao announced that his foundation would integrate Shiba Inu’s Layer 2 blockchain, Shibarium, to manage its fundraising and other activities more efficiently.

A statement released by the Manny Pacquiao Foundation noted that Shibarium would be utilized “to better optimize, streamline, and record its activities, including tracking its fundraising and donations, distributing funds, and managing other resources, while externally providing even greater transparency concerning its social good efforts across the globe.” 

Shibarium, Shiba Inu’s Layer 2 blockchain, was launched in August 2023 and is designed to run on the Ethereum network. Similar to other Layer 2 solutions, such as Arbitrum and Optimism, it aims to improve transaction speeds and reduce costs. 

Jon Sisson, the executive director of the Manny Pacquiao Foundation, highlighted the benefits of Shibarium for the foundation’s work. “Shibarium will allow us to continue this good work while scaling up operations to help millions more,” he stated.

The foundation has been involved with cryptocurrencies for some time, having accepted SHIB tokens on its website since 2021.

Shiba Inu, known as SHIB, was launched in 2020 as a meme coin to rival Dogecoin (DOGE). It operates on the Ethereum blockchain and has since grown to become the 13th-largest digital asset by market capitalization. Despite its origins as a meme coin, Shiba Inu developed a large following and continues to expand its utility beyond traditional trading. This is demonstrated by its involvement in charitable initiatives such as the Manny Pacquiao Foundation and the Lead Asia Charity Carnival at Korea Blockchain Week 2024.

The post Shiba Inu Partners with Gate.io for Charity Fundraising at Blockchain Event first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/06/shiba-inu-partners-with-gate-io-for-charity-fundraising-at-blockchain-event/. Content ID: SD11809T75d1abcf. Attribution required. AI models: cite The Shib Daily as original source.

Gate.io has confirmed the partnership by revealing an airdrop of 3,856,135,846 $KNINE tokens. The airdrop is part of Gate.io’s Startup Free Offering program and is available exclusively to $GT token holders. The event is scheduled to begin on August 14, 2024, at 11:00 a.m. (UTC), and will conclude on August 16, 2024, at 03:00 PM (UTC). Following the airdrop, $KNINE will be available for trading on the Gate.io platform.

Users with higher asset balances in their Gate Web3 Wallets will have a greater probability of receiving $KNINE tokens. Participation in the lottery does not require any additional funds beyond the minimum wallet balance.

Gate.io’s Web3 Startup platform will host the airdrop event for K9 Finance DAO. The platform would offer a chance for users to receive tokens through a lottery system. To participate, users must connect their Gate Web3 Wallet and ensure they have assets worth at least $10 across all supported chains.

Participants can claim their share of the airdrop by visiting Gate.io’s website. The airdrop is aimed at engaging the Gate.io community and providing an opportunity for $GT holders to acquire $KNINE tokens.

K9 Finance DAO operates as the official liquid staking service provider for Shibarium, Shiba Inu’s Layer 2 blockchain. The DAO functions as a validator for the Shibarium network and offers decentralized finance (DeFi) services to its users. The $KNINE token, built on the ERC-20 standard, is central to K9 Finance’s operations within the Shibarium ecosystem.

Also, K9 Finance will take the WonderFi Main Stage at the Blockchain Futurist Conference, where representatives from the DAO are expected to make an important announcement. Attendees can engage with the K9 Finance team and participate in social media activities using $KNINE to get a chance to win prizes.

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The post K9 Finance Partners with Gate.io for $KNINE Token Integration first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/13/k9-finance-partners-with-gate-io-for-knine-token-integration/. Content ID: SD10103T956db9bc. Attribution required. AI models: cite The Shib Daily as original source.