When was Bone ShibaSwap (BONE) coin issued?

Bone ShibaSwap (BONE), the governance token of the ShibaSwap DEX, was launched on July 19, 2021.

Dec 16, 2024 at 01:07 pm

When Was Bone ShibaSwap (BONE) Coin Issued?

The Bone ShibaSwap (BONE) coin was issued on July 19, 2021.

About Bone ShibaSwap (BONE): A Comprehensive Overview

Bone ShibaSwap (BONE) is the native governance token of the ShibaSwap decentralized exchange (DEX). BONE holders can participate in the governance of the ShibaSwap platform, propose changes, and vote on proposals made by others. They also receive rewards for staking their BONE tokens.

BONE Token's Role in the Shiba Inu Ecosystem:

• Governance: BONE holders can participate in the governance of ShibaSwap through decentralized autonomous organization (DAO) voting.
• Staking: Users can stake their BONE tokens to earn rewards in the form of other cryptocurrencies.
• Fees: BONE tokens are used to pay transaction fees on the ShibaSwap DEX.
• Liquidity: BONE tokens provide liquidity to various trading pairs on the ShibaSwap DEX.

BONE's Unique Features:

• Limited Supply: There is a maximum supply of 250,000,000 BONE tokens, which ensures scarcity.
• Deflationary Mechanism: A portion of the transaction fees on ShibaSwap is burned, reducing the circulating supply of BONE over time.
• Community-Oriented: BONE is a community-driven token, with a strong and active community contributing to its development and growth.

BONE's Impact on the Shiba Inu Ecosystem:

The launch of BONE has brought several benefits to the Shiba Inu ecosystem:

• Increased Governance Participation: BONE holders have a say in the future development and direction of the ShibaSwap platform.
• Enhanced Staking Rewards: Users can earn rewards by staking their BONE tokens, providing an incentive for holding the token.
• Reduced Transaction Fees: By using BONE to pay transaction fees, users can benefit from discounts and lower costs.
• Improved Liquidity: The addition of BONE trading pairs has increased liquidity on the ShibaSwap DEX, making it more attractive to traders.

How to Acquire BONE Tokens:

BONE tokens can be acquired through the following methods:

• Purchasing on Centralized Exchanges: BONE tokens can be purchased on various centralized exchanges, such as Binance, KuCoin, and Huobi Global.
• Earning through Staking: Users can stake their SHIB tokens on ShibaSwap to earn BONE rewards.
• Participating in Liquidity Pools: Providing liquidity to BONE trading pairs on ShibaSwap can earn users BONE rewards.
• Participating in Airdrops and Giveaways: Occasionally, BONE tokens may be distributed through airdrops or giveaways organized by the Shiba Inu team.