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Planet ReFi, an emerging platform for tokenizing real-world assets (RWA), has declared support for Shiba Inu payments.
The Planet ReFi team disclosed this move in a recent post via its X account, announcing support for three tokens, including Shiba Inu. In particular, the team has added SHIB, Fantom (FTM), and Zignaly (ZIG) to its real-world asset “Plug and Play” utility program.
Exciting news as we continue to BUIDL!🔥$FTM, $ZIG and $SHIB – these tokens are also now added to be part of our revolutionary RWA "Plug & Play" Utility Program. Their communities will get to:
• Buy the Limited Edition RWA in their native tokens at a 10% discount
• Have an… pic.twitter.com/kSLQjHkC6B— Planet (@PlanetReFi) March 21, 2024
Benefits for Shiba Inu Army
Following the support for SHIB, individuals within the Shiba Inu community can purchase limited edition RWAs on Planet ReFi using their SHIB tokens at a 10% discount.
Additionally, the platform is extending an automatic smart-contract-based mechanism in favor of SHIB and the two other supported tokens. In particular, Planet ReFi promised a 5% token burn with every RWA acquisition.
Planet ReFi’s move to support Shiba Inu has sparked significant attention from the crypto community, with many seeing it as a welcoming initiative.
“FTM, ZIG, and SHIB’s RWA program inclusion signifies a pivotal advancement for token utility,” crypto enthusiast Shelly remarked.
Similarly, notable community figure Patrick Schmitt admired the decision and felt confident about his move to invest in FTM and PLANET tokens. He also views the support for SHIB as valuable, especially considering the massive community behind the project.
Not a secret that $PLANET and $FTM are my absolute conviction bags. So I am amazed that @PlanetReFi is accepting #Fantom now as a payment for the Messi #RWA 🫡 $ZIG is also a fantastic project and ofc accepting $SHIB is huge with that community! https://t.co/uvOcueYtRF
— mrpatrickschmitt (@mr_pschmitt) March 21, 2024
Zignaly, the team behind the ZIG token supported by Planet ReFi, has also recognized the endorsement, stating:
“ZIG, alongside industry giants FTM, SHIB, and PLANET, is paving the way to onboard the next billion users to crypto. Welcome to the era of AI x RWA confluence.”
Notably, Planet Refi joined the growing roster of tech forms endorsing Shiba Inu payments. The Crypto Basic has uncovered that Shiba Inu is tenable for payment at over 1,200 merchants in 25 countries.
Last week, the prominent blockchain development platform Unification proclaimed support for SHIB payment.
Planet ReFi
Significantly, Planet ReFi is on a mission to disrupt the projected $16 trillion RWA market. It presents itself as a cutting-edge platform for RWA tokenization, aiming to introduce yields into Web3.
In parallel, Planet ReFi seeks to tackle urgent social and sustainability issues by harnessing blockchain technology. To promote its initiatives, the team collaborates with renowned celebrities, such as legendary football star Lionel Messi.