ShibaSwap decentralized exchange and NFTs platform offers its holders the governance token BONE as the means to vote on proposed initiatives and help shape its development, as well as earning rewards by staking this coin.
NowPayments’ intuitive API enables you to buy or sell BONE cryptocurrency easily, while our custodial recurring payment solution lets you receive payments in this cryptocurrency regularly.
ShibaSwap
ShibaSwap is a decentralized exchange (DEX) which supports multiple tokens. The non-fungible BONE and LEASH tokens serve as rewards for users; these rewards can be earned in four ways: Dig, Woof, Bury Portal and Burn Portal.
This platform works like any DEX, with users connecting their wallets and trading digital coins. The desktop platform makes this experience seamless for those familiar with crypto exchanges.
The platform boasts several innovative features that set it apart from its rivals. These include its staking function, which enables users to stake BONE, BONE and LEASH tokens and earn passive income; also available is its “DIG” feature for depositing asset pairs into liquidity pools where users receive SSLP tokens that can later be redeemed for BONE tokens; finally its “Woof” system allows users to trade SSLP tokens for BONE rewards and increase passive income generation.
Shibarium
Shibarium is a blockchain network offering its users many advantages. Transactions are processed off-chain for greater efficiency and lower transaction fees; validators, who protect and verify transactions on Shibarium’s blockchain network, receive high rewards.
BONE tokens are the native gas token of Shibarium network and used to pay transaction fees by users using it. BONE has a limited circulating supply of only 230 million, significantly lower than SHIB or LEASH tokens.
Shibarium’s developers have set a tentative launch date of February 14 for its Layer-2 protocol, providing BONE and other Shiba Inu assets a significant boost. Furthermore, this will enhance liquidity pools on the platform while encouraging pool operators to provide low network fees – benefiting all users of Shibarium including Validators and Delegators; gas fees rates on Shibarium should also be lower than Ethereum.
Stake
BONE is the governance token for ShibaSwap decentralized exchange and DEX, as well as being gas token in Shibarium layer-two blockchain. Recently, it has gained considerable traction following two token listing announcements – with one from an Indian crypto exchange on Nov 29 seeing BONE increase by over 10% in price.
Uphold in New York also recently added BONE to its wallet platform, with both listings expected to increase trading volume for meme coin.
BONE, named in honor of dogs, serves as the governance token for ShibaSwap ecosystem. Holders have voting power when decisions that affect this platform such as adding trading pairs on DEX are being considered. Furthermore, holders can “bury” tokens into our staking system in order to earn rewards – each token “buried” contributes toward our community liquidity pool and earns you rewards! BONE’s maximum supply is 250 million tokens.
Voting
The Bone ShibaSwap (BONE) governance token grants its holders voting power over decisions that impact the ecosystem, such as adding trading pairs to decentralized exchange (DEX). Furthermore, BONE holders receive rewards when they stake their tokens using ShibaSwap’s staking protocol – more BONE equals more votes cast per each BONE token held.
The BONE token has made waves in the cryptocurrency market due to its scalability and security features, and recently made some impressive moves such as launching a cold wallet and forging partnerships with major crypto traders.
Giottus recently added BONE token as part of its offering, trading it against Indian rupee pairs. Giottus will announce results after voting closes.
