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About Bone ShibaSwap
Key Points:
- BONE is the governance token for ShibaSwap, allowing users to vote on proposals and access future NFTs.
- BONE is an Ethereum-based token in the Shiba ecosystem, including SHIB and LEASH tokens.
- The ShibaSwap exchange was launched on July 7, 2021, allowing users to trade SHIB tokens for other cryptos.
- The project was founded by an anonymous person/group of people known as Ryoshi in 2020.
- BONE is a governance token, allowing owners to participate in governing activities and vote on the DAO.
- The maximum supply of BONE is 230,000,000 coins, with
About Bone ShibaSwap: Unlocking the Power of Decentralized Finance
Introducing Bone ShibaSwap (BONE): A Comprehensive Overview
Bone ShibaSwap (BONE) serves as the governance token for the ShibaSwap decentralized exchange (DEX), empowering the community with voting capabilities. As a vital component of the Shiba Inu ecosystem, BONE enables the Shib Army to participate in the decision-making process by casting votes on forthcoming proposals, submitting novel proposals, and gaining access to future non-fungible tokens (NFTs). Notably, the weight of an individual’s vote is directly proportional to the number of BONE tokens they possess, thereby amplifying their influence within the community.
BONE is the Ethereum-based token within the Shiba ecosystem, encompassing the Shiba Inu (SHIB) and Doge Killer (LEASH) tokens. As stated on the Shiba Inu website, SHIB is touted as the “Dogecoin (DOGE) killer.” Given its widespread popularity, the project has emerged as the second-largest dog-inspired memecoin in the cryptocurrency realm.
The ShibaSwap exchange was inaugurated on July 7, 2021, facilitating a seamless trading experience for users to exchange their SHIB tokens for other cryptocurrencies. BONE serves as a pivotal component within the ecosystem. On ShibaSwap, SHIB holders have the opportunity to provide liquidity in exchange for BONE reward tokens. By staking their tokens, users can earn rewards, with the amount and duration of the staked tokens directly influencing the rewards received.
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 DIGging (providing liquidity as SSLP), BURYing (staking SHIB, LEASH, and BONE), SWAPping ERC-20 tokens, and earning WOOF returns (rewards). Additionally, users can FETCH (migrate Uniswap V2 liquidity to ShibaSwap and earn additional BONE) and utilize BONEFOLIO (analytics for ShibaSwap), thereby maximizing their experience.
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 abreast of BONE’s market fluctuations in real-time by downloading the CMC mobile app, which provides live price tracking for BONE, BTC, and a diverse range of other cryptocurrencies.
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Discover Dogecoin (DOGE), the quintessential meme coin that has captured the hearts of many.
Delve into the fascinating realm of dog-themed memecoins with our comprehensive educational portal, designed to enlighten and inform.
A memecoin, a term often shrouded in mystery, is demystified in the CMC glossary.