The Shiba Inu (CRYPTO: SHIB) ecosystem announced Sunday a partnership with token launchpad DegenSafe, aiming to bring a safer alternative to memecoin deployment and protect traders’ interests.
What Happened: Shiba Inu’s official X handle quoted DegenSafe’s post on its new product, saying, “From meme coins to mechanics, we’re reshaping what Web3 can be. DegenSafe is only the beginning.”
DegenSafe is marketing itself as a reliable token launching platform, offering to put in place adequate protections to ensure that retail traders who chase new launches don’t get scammed. This includes having a trust score for every project, a rug protection fund and a design that blocks snipers and bots.