Centralized exchange Crypto.com has announced a Shiba Inu prize pool for users, with a $250,000 reward in SHIB for select participants.
Crypto.com has launched a new event in its Airdrop Arena, an earn section on its platform that rewards participants for staking the native CRO token. This time, it involves Shiba Inu, the second-largest meme coin by market cap.
Users to Receive Shiba Inu in Prize Pool
For context, Crypto.com announced in a recent tweet that it has started a new reward program, where eligible users will share $250,000 worth of Shiba Inu. The new event requires users to stake the CRO token in the Airdrop Arena to participate.
Notably, the exchange will distribute the SHIB token to the top-ranking participants on a point basis. As a result, the more CRO tokens a user allocates, the better his chances of sharing in the prize money.
Meanwhile, Crypto.com is offering early birds an advantage. It will increase the points of the first 10,000 users to allocate to the new event by 120%. Furthermore, participants who lock up to 1,500 CRO in the Airdrop Arena will also receive a daily 120% boost.
According to the announcement, the reward program will last for one month, specifically from July 5 to August 4, 2025. Seven days after the event ends, qualified users who choose the Loot Locker option will receive a share of the $250,000 Shiba Inu prize money in their wallets.
The ongoing program demonstrates Crypto.com’s long-standing support for the Shiba Inu ecosystem and its ever-faithful community. The Singapore-based exchange listed Shiba Inu in May 2021 and has held a significant amount of the tokens in its reserve over the years.
In March 2023, it listed the Bone ShibaSwap (BONE) token, further increasing the visibility of the Shiba Inu ecosystem token. CEO Kris Marszalek also applauded the support of the Shiba Army towards the exchange following the listing event.
The Shiba Inu Ecosystem Continues to Build
Meanwhile, the Shiba Inu team has demonstrated a commitment to building the ecosystem, despite recent price challenges. Luice, the ecosystem’s marketing lead, has assured enthusiasts that Shiba Inu is not going anywhere, as it is not built on 5,000 to 10,000 holders.
Moreover, the Shiba Inu lead, Shytoshi Kusama, has teased major updates for July, telling enthusiasts to prepare for what is in the pipeline. Specifically, he insinuated that the updates could be from the artificial intelligence (AI) front, as he noted that “July is JUL-AI.”
Notably, Kusama has been working on an AI-driven innovation for months, an aspect he believes will shape the Shiba Inu ecosystem’s future. The community expects the release of the whitepaper this month, as he suggested, with the recent partnership with AI gaming platform TokenPlayAI teased as a party starter.
