BONE is both a metaverse token and utility cryptocurrency. Users can purchase digital land through SHIB: The Metaverse using BONE; locking LEASH will give users a share of Event Sales revenues.
Owners of BONE can also use it to DIG (add liquidity) or BURY (stake), and thus reap SSLP rewards and become Liquidity Providers on ShibaSwap DEX.
ShibaSwap
ShibaSwap is a decentralized exchange that offers various features, such as staking and liquidity pools for users to deposit crypto into for earning rewards, as well as token swapping services and browsing of NFTs.
BONE is the native token of ShibaSwap ecosystem and was introduced in July 2021 with a total supply cap of 230 million tokens. BONE can be used for various governance functions on ShibaSwap such as rewarding Validators and Delegators on platform and paying for gas transactions.
To take part in staking, users must link their wallets with ShibaSwap website and use its “DIG” function to deposit asset pairs into its liquidity pool. As part of their return from SSLP pool rewards in BONE token form – 33% can be redeemed instantly while 67% must wait six months. This staking model is similar to what Bitshares employs.
Shibarium
BONE is Shiba Inu’s governance token, giving holders voting power on its development. Additionally, it will act as an ecosystem utility token in that it will pay transaction fees or gas charges within blockchain networks.
This network will operate under a Proof-of-Stake (PoS) consensus model, meaning users who stake $BONE can become validators for the blockchain, thus reducing energy consumption and costs while also providing more secure transactions.
Shibarium Blockchain will support not only decentralized applications (dApps), but also Non-Fungible Tokens, or NFTs, which range from event tickets and items/assets used in games to digital real estate and art. Developers can create these chain-specific NFTs through Join Shibarium portal.
Shibarium’s launch marks a pivotal moment for its community, marking an evolution away from meme coins to full blockchain solutions with lower fees and superior scalability, promising to be an excellent home for Shib Army in Web 3.
Utility-enabled token
Bone ShibaSwap (BONE) is a utility token created to enhance liquidity, swapping, and staking on the SHIB ecosystem. Furthermore, BONE plays an essential role in supporting Shibarium as well as being used to pay gas fees and reward validators on this platform.
Bone has received widespread support from both cryptocurrency investors and social media gurus, with wallets opening and social media followers expanding rapidly – leading many analysts to predict its price will skyrocket come 2023; however, before making your investment decisions take note of any potential red flags.
Businesses can accept payments in BONE through NOWPayments, an established cryptocurrency payment gateway. It features plugins for popular platforms like WooCommerce, Magento 2, WHMCS, OpenCart and Zen Cart to streamline accepting crypto payments while its flexible API enables businesses to create custom solutions tailored specifically for them. Furthermore, you can quickly and effortlessly convert received cryptocurrency to fiat currency using its Auto-Conversion feature; making reconciling your balances and cash flow simpler than ever!
Price
BONE is the token of choice in ShibaSwap ecosystem, serving both as utility and governance token. Users who add liquidity to an DEX will receive BONE rewards in return for paying Shibarium’s gas fees; its holders can vote on any proposals which affect ShibaSwap network.
BONE stands apart from many meme coins as an actual decentralized exchange, offering staking, liquidity provision and token swapping / NFT browsing. As more developers add their applications to BONE it should rapidly grow.
Buy and sell BONE on various crypto exchanges such as Binance and Kucoin, while securely storing it with hardware wallets such as Ledger or Trezor. Price fluctuations for BONE may cause it to be an unpredictable investment option – be sure to do your own research prior to investing!
