Bone Coin (BONE) Review : Is It Good Or Bad Coin Read Our Article

About Bone Coin

Bone Coin (BONE) is the ShibaSwap decentralized exchange (DEX) governance token with voting functionality. BONE allows the Shiba Inu community, also known as Shib Army, to vote on upcoming proposals, submit proposals and access future NFTs. The more BONE tokens users have, the more significant their votes are.

BONE is the Ethereum-based token in the Shiba ecosystem, including Shiba Inu (SHIB) and Doge Killer (LEASH) tokens. According to the Shiba Inu website, SHIB is the “Dogecoin (DOGE) killer.” Due to its popularity, the project is the second-largest dog-inspired memecoin in the crypto space.

The ShibaSwap exchange was launched on July 7, 2021 to allow platform users to trade their SHIB tokens for other cryptos. BONE is a middle link in the ecosystem. On ShibaSwap, SHIB holders provide liquidity for BONE reward tokens. Users can stake tokens to earn rewards. Rewards depend on the amount and duration of the staked tokens.

Bone Coin Wallets Point Table

Bone Coin Price Live Data

Who Are the Founders of Bone ShibaSwap?

The Bone ShibaSwap project was established by the team behind Shiba Inu (SHIB), which was founded in 2020 by an anonymous person/group of people known as Ryoshi. BONE was introduced to the community in parallel with the launch of the decentralized exchange (DEX) — ShibaSwap, in July 2021.

What Makes Bone ShibaSwap (BONE) Unique?

The ShibaSwap team is building a metaverse platform — combining three tokens, SHIB, LEASH and BONE — towards the development of what the project calls “the best Decentralized Ecosystem (DECO) on the planet.”

BONE is a governance token for ShibaSwap, which allows owners to participate in governing activities, make proposals for future development, and vote on the decentralized autonomous organization (DAO) — Doggy.

On the platform, users can DIG (provide liquidity as SSLP), BURY (stake SHIB, LEASH, BONE), SWAP ERC-20 tokens and receive WOOF returns (rewards), FETCH (migrate Uniswap V2 liquidity to ShibaSwap and earn additional BONE), and utilize BONEFOLIO (analytics for ShibaSwap).

Shiba Inu is the second most valuable memecoin by market capitalization, currently standing at $5.2B, and once hit a high of $40B.

Shibarium Token

Shibarium embarks on becoming a powerful layer 2 blockchain and a transitional evolution to the Shiba Ecosystem. Shibarium’s layer 2 is a collective blockchain that scales and invites solutions, innovation, and security to the Decentralized Finance Space.

The network welcomes its beta stage to provide insight, security, and onboard delegators and validators in its introductory released format.

Shibarium embarks on becoming a powerful layer 2 blockchain and a transitional evolution to the Shiba Ecosystem. Shibarium’s layer 2 is a collective blockchain that scales and invites solutions, innovation, and security to the Decentralized Finance Space.

How Many Bone ShibaSwap (BONE) Coins Are There in Circulation?

Bone ShibaSwap (BONE) was created as the governance token for the Shiba universe based on the ERC-20 standard. It can be traded on its own DEX ShibaSwap, where Shib Army can exchange tokens for listed digital assets.

Bone ShibaSwap has a maximum supply of 230,000,000 coins with 229,923,351 BONE in circulation as of May 2023.

According to the document posted on GitBook, 10% of all emissions are allocated to the Multisig-controlled treasury/Development Fund, and 0.05% of the exchange trade fees are awarded to holders of the tBONE token. As for monthly BONE emissions, ~13,824,000 $BON tokens are released monthly, primarily for stakers and liquidity providers (LPs).

Community Initiatives

The Shiba Inu community (ShibArmy) initiative started from a few to a record breaking of millions of supporters worldwide. From an individual or network of individuals dedicated to showcasing the energy, ecosystem, and power of cryptocurrencies, especially focused on the Shiba Ecosystem utility functions and growth factor in the DeFi space. With this being said, the health and well-being of the project has always been the community.

We want to award community initiatives with attention and support, but always with the understanding that each project holds value on its own and remind all community members to do research prior to engaging in any valued community commitment. We are proud to see Shiba Inu grow, as a community, as it should be, decentralized, and efficient.

Shib The Metaverse

SHIB: The Metaverse is a virtual representation of our collective history, showcasing our ingenuity and camaraderie in the form of a place we can all call home.

They are developing immersive experiences that will allow users to explore, learn from, and interact with the Shiba Inu Universe in unprecedented ways.

The goal is to provide users with a new and exciting way to earn passive income, collect in-game resources, generate rewards, and even have their own space to build and manage their projects

Shiba Eternity

Shiba Eternity is a free-to-play collectable card game lovingly crafted by PlaySide Studios under the guidance of William Volk, and under the creative direction of Shytoshi Kusama. Shiba Eternity plunges you headlong into the exciting world of Shiboshis; a special race of Shiba Inu dogs that have developed technology, art, and warfare of their own.

With over 500 unique cards to collect and 10,000 different Shiboshi heroes, Shiba Eternity allows you to craft your very own deck based on the traits of your Shiboshis and the fighters of six versatile disciplines!

How Is the Bone ShibaSwap Network Secured?

Bone ShibaSwap (BONE) is an ERC-20 token based on the Ethereum blockchain, which is secured by the Proof-of-Stake (PoS) consensus algorithm while a set of decentralized nodes validates transactions. Furthermore, all tokens of the Shiba ecosystem (SHIB, LEASH, BONE), including the Bone ShibaSwap smart contracts, have been audited by CertiK.

Where Can You Buy Bone ShibaSwap (BONE)?

As of May 2023, Bone ShibaSwap (BONE) is available on ShibaSwap, Uniswap (V3), Gate.io, Poloniex, Bitget and more. Want to keep track of BONE prices live? Download the CMC mobile app to follow the real-time prices of BONE, BTC and other cryptocurrencies.

Conclusion

In conclusion, the ShibaSwap decentralised exchange (DEX)’s governance token, Bone (BONE), gives the Shiba Inu community access to voting features. Members of the Shib Army can take part in the platform’s governance by submitting ideas, casting votes on recently submitted proposals, and accessing upcoming NFTs by holding BONE tokens. A user’s vote has more weight the more BONE tokens they own.

This feature makes sure that the Shib Army’s voice is heard and that the platform’s growth is influenced by the wants and requirements of the neighbourhood. BONE provides governance, access to upcoming NFTs, and a chance for the community to have a say in the platform’s future direction, making it an integral part of the ShibaSwap ecosystem overall.

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