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Price (USD)$ 1.085
Circulating SupplyBONE 229.92345M
Volume (24h)$ 5.85029M
Market Cap$ 250.05796M
Low/High 24h$ 1.062 - $ 1.16
Change (24h)$ 0.008937
Shiba Inu is one of the most popular cryptocurrencies on the market. Its logo featuring a funny dog comes second after the hyped Dogecoin. Bone ShibaSwap is a cryptocurrency project that serves as the governance system for the popular Shiba Inu ecosystem, ShibaSwap. The project offers three types of tokens. Alongside Shiba Inu (SHIB) and Doge Killer (LEASH), Bone ShibaSwap (BONE) is one of the most important tokens on decentralized exchanges and decentralized finance platforms.
BONE is an ERC-20 token and is therefore traded on the Ethereum blockchain network. ShibaSwap gives users the ability to DIG (provide liquidity), BURY (stake), and SWAP tokens to gain WOOF Returns through our sophisticated and innovative passive income reward system. BONE holders are able to vote and submit proposals on the ShibaSwap ecosystem, primarily in relation to which trading pairs are introduced to the platform.
The platform also allows the ShibArmy to access upcoming NFTs and additional tools, such as portfolio trackers, to make navigating the crypto world simple and intuitive. The protocol gives users access to upcoming Non-Fungible Tokens (NFTs) and tools like portfolio trackers, ensuring that crypto navigation is easy.
So, all in all, the main features of ShibaSwap include:
The $BONE tokenomics can be broken down as follows:
In most cases utilizing BONE will offer the community a means to guide the Shiba Inu ecosystem in accordance with the decentralized majority. However, there will still be times when it falls on the shoulders of the SHIB team to make responsible decisions in the best interest of the ShibArmy. In these cases it’s easy to resort to a fair and ethical practice of establishing multisig wallets.
According to the BONE whitepaper, Multisig wallets provide the ability to take assertive action while protecting from impulsive, emotional reactions. This means that the SHIB team will be ready to move quickly and calmly to a solution in the case of an emergency. Multisig wallets also allow the strategy leaders to make appropriate choices when it comes to allowing repayment of funds thus far, future development, and project scaling, with safeguards in place to ensure financial choices are always for the best of the overall community and not for personal gain. The multisig members are trusted members of the community and the DeFi environment.
BONE stopped minting in July 2022, after it hit the 230 million token milestone, an important number for the token and Shibarium. With a hard cap of 250 million, this will leave 20 million allocated for the Shibarium Layer-2. The Shiba team has already announced that 20 million in BONE would be reserved for Shibarium validators, while 230 million was highlighted as an important number by the community.
On September 9th, the official ShibaSwap Twitter account confirmed BONE had stopped minting. ‘Due to BONE's current supply of just over 230 million, BONE minting has officially been halted,’ it said. ‘The remaining approximately 20 million is designated for Shibarium validators.’ With mining halted, so too will BONE rewards on ShibaSwap. Instead, the new TREAT token will be deployed as a ShibaSwap reward. However, the CoinMarketCap website is yet to update its page for this new sought-after cryptocurrency.
At this time, there is no confirmed launch date for Shibarium, but the launch is expected sometime in 2023. Some rumors suggest that Shiba Inu (SHIB) might be getting a complete upgrade before the upcoming Shibarium launch.
BONE's all-time high happened in September 2021: it was then that the popular cryptocurrency reached a staggering $41.67. Since the beginning of this year, the price had struggled to break out from the $1.20 horizontal resistance area. During this time, it made three unsuccessful breakout attempts. However, the price initiated a rapid upward movement on August 19 and managed to successfully break out on August 29. Throughout this upward movement, BONE increased by 200% in 10 days and resumed its upward movement on the 11th day. The acceleration of the upward movement over the past two days aligned with the listing of BONE in the BlueBit exchange. At the moment, the token trades a little below $1, BONE coin price today is $ 1.085.
When it comes to the future of $BONE token, the maximum price that sources like DigitalCoinPrice give is $16.49, and that could happen no earlier than in 2031. TechNewsLeader is even more optimistic and estimates that the BONE coin will hit $28.29 by that time, while it could reach $16 already by 2029. BONE may be seen as a good investment provided meme tokens won’t be wiped off the market during the long recession and remain popular.
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How to Buy
Full beginners guide on how and where to buy BONE coin ShibaSwap with no extra fees!
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