SBI VC Trade, a Japanese crypto exchange firm, announces two promotional events for tokens themed after the Shiba Inu dog, including SHIB. Per an announcement today, the crypto exchange will launch two promotional events centered around Shiba Inu-themed tokens, SHIB and DOGE, to commemorate Japan’s Dog Day on November 1. https://twitter.com/sbivc_official/status/1851930082123878785SBI VC Trade Promotional Events The promotional events are divided into two categories: a social media campaign (Doggie Contest) and a trading campaign (Doggie Race). Doggie Contest This promotional event will run for one week, from November 1, 2024, at 10:00 AM to November 8, 2024, at 23:59 PM. During this period, crypto enthusiasts must perform an easy social media task, such as following @sbivc_official X account and posting an AI-generated dog celebration image on X using the hashtag ‘#sbivc dog campaign.’ After this campaign ends, SBI VC Trade will randomly select 11 winners, with each receiving 10,000 yen worth of Amazon gift vouchers. The exchange said it will contact the lucky winners via X direct message by year-end. Doggie Race The second promotional event is a trading contest exclusive to users of SBI VC Trade. This event will commence from November 1, 2024, at 07:00 AM to December 1, 2024, at 06:59 AM. Interested participants must trade at least 10,000-yen worth of SHIB during the campaign period for a chance to win 1,000 yen in Shiba Inu tokens. Participants will need to complete the exchange’s KYC requirements before joining this contest. Upon the completion of the event, SBI will select 110 participants by lottery, with each user receiving 1,000 yen worth of SHIB. The exchange will distribute the rewards to the winners by January 31, 2025. Exchange Highlights SHIB and DOG Utility Meanwhile, the exchange provided brief details about the Shiba Inu-themed tokens, SHIB and DOGE. According to SBI VC Trade, both tokens use the Shiba Inu dog mascot. It emphasized that even though they initially launched as memecoins, they have transformed into utility tokens with real-world use cases. The exchange said that while DOGE has a payment utility, SHIB will be deployed to multiple platforms, including NFT marketplaces. SBI VC Trade Support for SHIB This is not the first time SBI VC Trade has launched a promotional event for SHIB. Last year, the exchange celebrated Kabosu-Chan’s birthday with a SHIB giveaway campaign. Furthermore, the exchange has continued to expand its support for SHIB, including allowing its users to earn a passive income stream in SHIB. This initiative requires SBI VC Trade users to lend their SHIB tokens to receive a 1.3% annualized return. Meanwhile, the SBI VC Trade campaign announcement has not positively impacted SHIB’s price. The token currently trades at $0.00001847, reflecting a 0.78% decline over the past 24 hours.
