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Summary of Wrapped BONES
Founders and History
- Founded by Ryoshi, an anonymous person/group, in 2020
- BONE introduced in July 2021 with the launch of ShibaSwap
Uniqueness and Features
- Part of a metaverse platform with SHIB, LEASH, and BONE
- Governance token for ShibaSwap, allowing owners to participate in governing activities
- Features include DIG, BURY, SWAP, WOOF, FETCH, and BONEFOLIO
Circulation and Supply
- Maximum supply
About Wrapped BONES: A Novel Cryptocurrency Concept
The Visionaries Behind Bone ShibaSwap: Unveiling the Founding Team
The Bone ShibaSwap project was conceived by the visionary team behind Shiba Inu (SHIB), a pioneering cryptocurrency founded in 2020 by the enigmatic Ryoshi, a mysterious individual or collective operating under a veil of anonymity.
In tandem with the debut of ShibaSwap, a decentralized exchange (DEX), in July 2021, the BONE token was introduced to the community.
Unveiling the Uniqueness of Bone ShibaSwap (BONE)
The ShibaSwap team is forging a revolutionary metaverse platform, synergistically integrating three tokens – SHIB, LEASH, and BONE – to create what the project envisions as “the most exceptional Decentralized Ecosystem (DECO) on the planet.”
BONE is the governance token for ShibaSwap, empowering holders to engage in governance activities, submit proposals for future development, and cast votes within the decentralized autonomous organization (DAO) known as Doggy.
On the platform, users can engage in various activities, including DIG (providing liquidity as SSLP), BURY (staking SHIB, LEASH, and BONE), SWAP (exchanging ERC-20 tokens) to earn WOOF returns (rewards), FETCH (migrating Uniswap V2 liquidity to ShibaSwap and earning additional BONE), and leveraging BONEFOLIO (analytics for ShibaSwap) to inform their decisions.
Shiba Inu, the second most valuable memecoin by market capitalization, boasts an impressive valuation of $5.2 billion, having previously reached a staggering high of $40 billion.
What Is the Circulating Supply of Bone ShibaSwap (BONE) Coins?
Bone ShibaSwap (BONE) was conceived as the governance token for the Shiba universe, adhering to the ERC-20 standard. This token can be freely traded on its native decentralized exchange, ShibaSwap, where the Shib Army can seamlessly exchange tokens for a diverse range of listed digital assets.
Bone ShibaSwap boasts a capped supply of 230,000,000 coins, with a circulating supply of 229,923,351 BONE as of May 2023.
According to the document posted on GitBook, a 10% allocation of total emissions is designated for the Multisig-controlled treasury/Development Fund, while 0.05% of exchange trade fees are earmarked for holders of the tBONE token. Meanwhile, the monthly BONE emissions amount to approximately 13,824,000 $BON tokens, primarily benefiting stakers and liquidity providers (LPs).
The Security Architecture of the Bone ShibaSwap Network
Bone ShibaSwap (BONE) is an ERC-20 token built upon the Ethereum blockchain,
which leverages the Proof-of-Stake (PoS) consensus algorithm to ensure the integrity
of its network, wherein a decentralized array of nodes validates transactions.
Notably, all tokens within the Shiba ecosystem (SHIB, LEASH, BONE), including
the Bone ShibaSwap smart contracts, have undergone rigorous auditing by CertiK.
Where to Acquire Bone ShibaSwap (BONE): A Comprehensive Guide
As of May 2023, Bone ShibaSwap (BONE) has been successfully listed on prominent exchanges, including ShibaSwap, Uniswap (V3), Gate.io, Poloniex, Bitget, and several others.
Stay ahead of the curve with real-time BONE price tracking. Download the CMC mobile app to access live prices of BONE, BTC, and a wide range of other cryptocurrencies at your fingertips.
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