bitFlyer, Japan’s leading cryptocurrency exchange and the platform with the highest Bitcoin trading volume in the country for six consecutive years, has expanded its altcoin offerings by introducing Shiba Inu (SHIB) and Palette Token (PLT) to its exchange. The new trading pairs went live on March 29, 2023, marking a significant addition to bitFlyer’s growing portfolio of digital assets.
To celebrate this milestone, bitFlyer is hosting a limited-time giveaway campaign, offering participants the chance to win crypto prizes worth 30,000 JPY. This move underscores bitFlyer’s ongoing commitment to broadening access to innovative blockchain projects while engaging users through rewarding initiatives.
New Cryptocurrency Listings: SHIB and PLT Now Live
Starting March 29, 2023, bitFlyer added SHIB and PLT as its 20th and 21st listed cryptocurrencies on its altcoin exchange platform. These additions reflect increasing market demand for meme-based tokens and utility tokens focused on NFTs, gaming, and decentralized ecosystems.
What Is Shiba Inu (SHIB)?
Shiba Inu, commonly known as SHIB, is a community-driven meme coin inspired by the popular Dogecoin. However, it has evolved far beyond its viral origins into a full-fledged ecosystem.
- Token Symbol: SHIB
- Core Concept: A decentralized experiment exploring what happens when a cryptocurrency project is entirely governed by its community.
Key Features:
- Powers the ShibaSwap decentralized exchange.
- Used for governance voting within the Shiba Inu ecosystem.
- Integrated into various DApps (decentralized applications) for payments and transfers.
- Supports NFT launches and metaverse development initiatives.
The SHIB community has launched multiple layer-2 solutions such as Shibarium, aimed at reducing transaction costs and improving scalability. With a strong global following, SHIB continues to be one of the most recognized names in the meme coin space.
👉 Discover how platforms are supporting next-gen tokens like SHIB and PLT.
Understanding Palette Token (PLT)
Palette Token (PLT) is a purpose-built cryptocurrency designed to address two major challenges in the blockchain world: high network fees and NFT copyright protection.
- Token Symbol: PLT
- Primary Use Case: Fueling transactions and interactions on the Palette Chain, a blockchain tailored for entertainment-focused applications.
Key Features:
- Enables low-cost NFT minting and trading.
- Supports GameFi (gaming + finance) projects where users earn rewards through gameplay.
- Offers staking opportunities — users can stake PLT on the Palette Chain to earn passive income.
- Focuses on securing digital content rights for creators in the NFT space.
By combining elements of decentralized finance, gaming incentives, and creator empowerment, PLT represents an emerging trend in blockchain innovation that prioritizes usability and real-world application.
Celebratory Giveaway: Win 30,000 JPY Worth of Crypto
To mark the launch of SHIB and PLT trading, bitFlyer is running a special "New Cryptocurrency Listing Campaign".
Campaign Details
- Event Period: March 29, 2023 (13:00 JST) to April 12, 2023 (23:59 JST)
- Eligibility: Users who trade 10,000 JPY or more in either SHIB or PLT on the bitFlyer exchange during the campaign period will automatically qualify.
Prizes:
- 10 winners total — 5 for SHIB traders, 5 for PLT traders.
- Each winner receives crypto valued at 30,000 JPY, paid in SHIB or PLT respectively.
- Prize Distribution: Rewards will be credited by the end of May 2023.
This limited-time opportunity not only encourages exploration of new digital assets but also provides tangible value for early adopters.
"We’re excited to bring more diverse and innovative tokens to our users. SHIB and PLT represent different but equally important directions in the crypto space — one driven by community energy, the other by practical utility."
— bitFlyer Spokesperson
How to Participate
- Log in or create a free account on bitFlyer.
- Navigate to the trading section and purchase at least 10,000 JPY worth of SHIB or PLT.
- Trade execution automatically registers you for the draw — no additional steps required.
While the original registration bonus mentioned in earlier announcements has expired, creating an account remains the first step toward accessing future promotions and expanding your crypto portfolio.
👉 See how top exchanges support token innovation and user rewards globally.
Frequently Asked Questions (FAQ)
Q: Is the giveaway still active?
A: No, the promotional period ended on April 12, 2023. However, SHIB and PLT remain available for trading on bitFlyer, allowing users to continue building positions in these assets.
Q: Can I stake PLT directly on bitFlyer?
A: Currently, bitFlyer does not offer staking services for PLT. To earn staking rewards, users must transfer their tokens to compatible wallets or platforms that support Palette Chain staking.
Q: Why did bitFlyer choose SHIB and PLT for listing?
A: Both tokens represent growing sectors in the crypto market — SHIB in community-powered ecosystems and meme culture, and PLT in entertainment-focused blockchain applications. Their inclusion aligns with user interest and technological relevance.
Q: Are there any fees associated with trading SHIB or PLT?
A: Yes, standard trading fees apply based on your trading volume and account tier. bitFlyer uses a maker-taker fee model, which is competitive compared to other Japanese exchanges.
Q: Is SHIB considered a safe investment?
A: Like all cryptocurrencies, SHIB carries market risk due to price volatility. While it has a strong community and ecosystem development, investors should conduct thorough research and consider diversification before investing.
Q: How can I stay updated on future listings?
A: Follow bitFlyer’s official website and social media channels for announcements about new token listings, campaigns, and platform upgrades.
Final Thoughts
The introduction of Shiba Inu (SHIB) and Palette Token (PLT) on bitFlyer highlights the exchange’s strategy to offer both culturally resonant and technologically advanced digital assets. Whether you're drawn to SHIB's vibrant community or PLT's focus on creative industries, these listings open new doors for Japanese and international investors alike.
As blockchain technology continues to evolve, platforms like bitFlyer play a crucial role in bridging mainstream users with cutting-edge crypto projects.
👉 Explore how global platforms are shaping the future of digital asset trading.
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