BONE
The success of the ShibaSwap DEX and the wider Shiba Inu ecosystem could drive demand for BONE, potentially leading to price appreciation.
Tags:CryptocurrenciesETH tokenBone ShibaSwap (BONE) is the governance token of the ShibaSwap decentralized exchange (DEX) on the Ethereum blockchain. It serves as a utility token within the ecosystem, incentivizing participation and driving network growth.
Key Features of BONE
- Governance: BONE holders have voting rights on proposals related to the development and direction of ShibaSwap.
- Staking Rewards: Users can stake their BONE tokens to earn rewards and contribute to network security.
- ShibaSwap Integration: BONE plays a crucial role in various ShibaSwap features, such as:
- Shibarium: BONE is used for gas fees on the upcoming Shibarium Layer 2 scaling solution.
- Woof Pools: BONE is paired with other tokens in Woof Pools, allowing users to earn rewards through liquidity provision.
- Bury: BONE can be buried to earn rewards in the form of other tokens.
BONE Tokenomics
- Total Supply: 250,000,000 BONE
- Initial Distribution:
- ShibaSwap Genesis Pool: 66%
- Locked for 6 Months: 17%
- Team: 7%
- Advisors: 3%
- Liquidity: 2%
- Shiba Inu Ecosystem Fund: 5%
- Emission Schedule: BONE has a finite supply, with no additional tokens to be minted.
Potential and Risks of BONE
-
Potential: The success of the ShibaSwap DEX and the wider Shiba Inu ecosystem could drive demand for BONE, potentially leading to price appreciation.
- Governance Participation: BONE holders have the power to influence the future of ShibaSwap, potentially increasing its value.
- Shiba Inu Ecosystem Growth: As the Shiba Inu ecosystem expands and attracts more users, the demand for BONE could increase.
-
Risks: The cryptocurrency market is volatile, and the price of BONE could fluctuate significantly.
- ShibaSwap Adoption: The success of BONE is heavily tied to the adoption and growth of the ShibaSwap DEX.
- Overall Market Conditions: General market sentiment and the performance of other cryptocurrencies can impact BONE’s price.
Additional Resources
- ShibaSwap Website: https://shibaswap.com/
- ShibaSwap Whitepaper: https://shibaswap.com/
- CoinGecko Listing: https://www.coingecko.com/en/coins/bone-shibaswap
- CoinMarketCap Listing: https://coinmarketcap.com/currencies/bone-shibaswap/
Please note that I am not a financial advisor and cannot provide investment advice. Always conduct your own research before making any investment decisions.
BONE | |
Max. supply:
|
250,000,000 BONE |
Contracts: Ethereum | 0x9813037ee2218799597d83D4a5B6F3b6778218d9 |
X: | @shibtoken |
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