BONEPrice

($BONE)

BONE ShibaSwap ($BONE) is the governance token for the expansive Shiba Inu ecosystem, alongside SHIB and LEASH tokens. It was launched in July 2021, coinciding with the introduction of the ShibaSwap decentralized exchange. As a core component, BONE plays a crucial role in enabling community participation and operational functions within the ecosystem.

BONE's main utility revolves around governance within the ShibaSwap ecosystem, empowering token holders to vote on proposals and actively participate in the Doggy DAO. A greater holding of BONE tokens translates to increased voting power. Furthermore, BONE is designated as the native gas token for Shibarium, the Shiba Inu Layer-2 blockchain. All transactions on Shibarium will utilize BONE, with a portion of these fees used to convert to and burn SHIB, strategically working to reduce SHIB's overall circulating supply.

BONE serves as a crucial "middle link" within the Shiba Inu ecosystem, working in synergy with SHIB and LEASH. It functions as a reward token for users who contribute liquidity on the ShibaSwap platform, incentivizing participation. Looking ahead, the ShibaSwap team intends to integrate BONE into upcoming metaverse platforms, further expanding its utility and presence alongside SHIB and LEASH in virtual environments.

BONE has a maximum supply capped at 250,000,000 tokens. The minting process for BONE was carefully adjusted to prevent excessive issuance. Farming activities are designed to cease once a significant portion of the total supply has been minted, specifically when 230 million tokens are in circulation. This strategy reserves a remaining amount of the total supply for future uses, ensuring controlled distribution and long-term sustainability.

BONE can be acquired on various decentralized exchanges (DEXs) such as ShibaSwap and Uniswap. Additionally, it is available on several centralized exchanges, including LBank. For users preferring direct decentralized interaction, BONE can also be purchased through Web3 Wallets that facilitate transactions via integrated DEX functionalities. Always ensure you are using reputable platforms for your transactions.

As an ERC-20 token, BONE is built upon the robust Ethereum blockchain. The security of the Ethereum network is maintained by its advanced Proof-of-Stake (PoS) consensus algorithm, which validates transactions and secures the chain. Furthermore, all tokens within the Shiba ecosystem, including BONE, along with their underlying smart contracts, have undergone comprehensive security audits by CertiK, a leading blockchain security firm, to ensure their integrity and reliability.