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BONE Token Rises as Shiba Inu Community Braces for Shibarium Arrival

by BSC News

December 4, 2022

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The BONE token keeps getting listed, and the price has seen a positive reaction.

Shiba’s BONE Token Rises 

The governance token of Shiba Inu, BONE, rose over 10% and trended on Twitter over the weekend of Dec. 2. 

Over the last seven days, BONE is up almost 30%, according to CoinGecko. The BONE token has inched toward $1.00 in the last few weeks. With the Shibarium launch still on the horizon, there is a chance that the token will eclipse $1.00 in due time. 

The $BONE token garnered attraction through two token listing announcements. Joao Andre, Crypto Product Manager of Uphold, a New York-based exchange, tweeted a photo showing the BONE token added along with six other tokens.

A leading crypto exchange in India, SunCrypto, also announced that it would list BONE on Nov. 29. Despite high taxes on crypto in India, the BONE listing should help boost trading volume to the popular meme coin.

$BONE is the governance token of the ShibaSwap Decentralized Exchange (DEX) and functions as the gas token for Shibarium layer-two blockchain. The Shibarum blockchain is in development and is expected to launch with an array of use cases for the token. 

At this time, there is no confirmed launch date for Shibarium, but the launch is expected sometime in 2023.

What Is ShibaSwap: 

ShibaSwap is another clone of popular Ethereum swapping protocols, SushiSwap and Uniswap. The protocol has similar features, giving users the ability to DIG (provide liquidity), BURY (stake), and SWAP tokens to gain WOOF returns through its sophisticated passive income reward system. In addition, the protocol also gives users access to upcoming Non-Fungible Tokens (NFTs) and tools like portfolio trackers, ensuring that crypto navigation is easy. 

Where to find ShibaSwap:

Website | Telegram | Discord | Twitter | Doggy Dao |

 

What is Shiba Inu:

Shiba Inu is an Ethereum-based altcoin with the Shiba Inu—a Japanese breed of hunting dog—as its mascot. The SHIB token aspires to be an Ethereum-based alternative to Dogecoin (DOGE). Unlike Bitcoin, which is designed to be scarce, SHIB was created to be intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.

Where to find Shiba Inu:

Website | Twitter | Telegram | Discord | Reddit | Instagram |

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