Shibarium Validator K9 Launches Mammoth 420 Million KNINE Token Giveaway

Shibarium validator K9 Finance DAO launches a contest with a 420 million KNINE token prize pool. This sweepstakes celebrates K9's role in enhancing Shibarium's security and liquidity, with the contest running for two weeks and offering various entry options and rewards for participating in tasks related to the Shibarium ecosystem and K9's staking platform.

Shibarium Validator K9 Launches 420 Million KNINE Token Contest

K9 Finance DAO, the decentralized autonomous organization behind the dynamic staking platform on Shibarium Layer-2, has announced a contest offering 420 million KNINE tokens as prizes. The contest is being held in celebration of K9 Finance DAO becoming a node validator on Shibarium L2, providing enhanced security to Shiba Inu's blockchain.

Contest Details

The contest has two entry categories:

• Grand Prize: A minimum purchase of $1,000 USD of KNINE tokens grants entry to a raffle for a grand prize of 300 million KNINE tokens.
• Additional Prizes: A minimum purchase of $100 USD of KNINE tokens grants entry to a raffle for additional prizes of $500 USD or 100,000 KNINE tokens.

How to Enter

Participants can enter the contest via TaskOn, where they will find a list of mandatory and optional activities. To participate, users can log in to TaskOn using various methods, including Web3 and social media gateways. Mandatory tasks include swapping at least $100 of ETH to KNINE on UniSwap v3 and posting a tweet quoting the campaign announcement with the hashtags #K9Finance and #buycontest.

Optional tasks include following K9 Finance DAO on Telegram and Twitter, and following other Shibarium-related products. Each completed optional task earns five entries in the raffle.

K9 DAO's Staking App

K9 Finance DAO's core product, BONE Crusher, serves a similar purpose to Lido Protocol on Ether (ETH). It employs a dual token system, utilizing Shibarium's Bone ShibaSwap (BONE) and an in-app version of the gas fee token, knBONE. Users who delegate their BONE to the BONE Crusher application receive knBONE, allowing them to participate in staking activities and collect rewards in both KNINE and BONE.

Shibarium Integration

K9 Finance DAO's partnership with SHIB Token allows it to enhance Shibarium's liquidity and functionality. Once launched, the BONE Crusher dApp will run on Shibarium L2 and reward participants in both the SHIB Army and the K9 Army for contributing to the staking ecosystem.

Market Impact

Two months after its launch, the KNINE token has retraced by 89% from its all-time high of $0.0003468, currently trading at $0.0000376. KNINE is available on exchanges such as MEXC and BitMart.

Significance

The contest and the upcoming launch of the BONE Crusher application demonstrate the growing interest and support for the Shibarium ecosystem. The collaboration between K9 Finance DAO and the SHIB Token team further strengthens the project's legitimacy and potential.