An American-based crypto exchange, Uphold, has demanded more detail about Shiba Inu’s partner, Bad Idea AI (BAD). The exchange laid out its demand on the X platform.
A crypto enthusiast and X user, SpecialK, sparked up the trend through a recent tweet asking Uphold when it would list BAD.
X User Provides Details About Bad Idea AI (BAD)
In its post, SpecialK asked when the exchange plans on listing BAD on its platform. He highlighted that the AI-based project is an official partner with Shibarium, the Shiba Inu layer-2 scaling solution network.
Following the request, Uphold demanded more information about the project, stating;
Tell us more about it.
Tell us more about it ✍️
— Uphold (@UpholdInc) January 30, 2024
SpecialK reacted to the post from the exchange, pointing out that the Bad Idea project parades a strong team with progressive initiatives for its growth.
We are planning on Having a Validator set up for Badideaai which we are currently working to set up our own Layer 2 Node on Shibarium. What does this mean to our Holders. Badideaai community will be able to Delegate with $Bad and earn Bone which are the current rewards on…
— SpecialK (@SpecialShib) January 30, 2024
According to the post, the team is working toward building a Layer-2 node for the BAD ecosystem on Shibarium, the Shiba Inu blockchain. The move is to set a validator for Badideaai.
On this note, BAD holders can delegate their tokens to earn rewards in the Shibarium’s official gas asset, BONE.
Also, the user narrated the commitment of the BAD community to the ecosystem. Members of the community generated funds on three different occasions to facilitate BAD’s listing on exchanges.
Additionally, SpecialK mentioned some exchanges and DeFi applications (DApps) that support BAD on their platforms.
These include Crypto.com, OKX, IvendPay, NOWPayments, and others. Currently, Uphold has not responded to the user’s post with information about the BAD. However, its inquiry regarding the project could suggest a certain amount of interest and may result in a possible listing of BAD.
If Uphold lists BAD in the future, it will make the token available to over 1.7 million of its users. The exchange’s customer base has completed more than $6 billion worth of crypto trades from 2015 till date.
Uphold Attraction To Shiba Inu
The Uphold crypto exchange has always indicated an intense attraction to Shiba Inu and its related projects. Usually, Uphold’s official X account responds to most comments involving BONE, Shibarium’s gas token.
The exchange responds with a GIF having an exclamation of “BONE” to posts that mention the coin.
Further, Uphold extended its support for BONE by positioning the coin in its list of Tier 3 tokens. Recently, the exchange’s subsidiary in Canada relisted Shiba Inu along with other prominent assets.
It had delisted the crypto tokens following some regulatory issues within the region.
📣🇨🇦 Alert for our Topper users in Canada. The following tokens have been relisted on Topper and are available via our widget or with any of our Topper partners. 🇨🇦
$ADA, $CSPR, $DOGE, $HBAR, $INJ, $KAS, $SHIB, $XDC and $XLM
Head to Topper https://t.co/rkSQQYvoRF pic.twitter.com/GXbboobvB7
— Uphold (@UpholdInc) January 25, 2024
However, the relisting came forth after resolving the challenges, bringing SHIB and other coins like ADA and DOGE to its platform.
Besides listing the token, Uphold owns a reasonable amount of BONE, worth over $778,000 at the time of writing on January 31. So there’s a possibility of also paying attention to Shiba Inu’s partner, Bad Idea AI (BAD)
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechReport – https://techreport.com/crypto-news/uphold-seeks-information-regarding-shiba-inu-partner-bad-idea-ai/