How to obtain Bone ShibaSwap (BONE) coins

By purchasing BONE on reputable cryptocurrency exchanges like Binance and Uniswap, users can acquire the governance token of the ShibaSwap DEX.

Dec 13, 2024 at 08:31 pm

How to obtain Bone ShibaSwap (BONE) coins

Bone ShibaSwap (BONE) is the governance token of the ShibaSwap decentralized exchange (DEX). BONE holders can vote on proposals to change the protocol's parameters, such as the fees charged for transactions and the rewards given to liquidity providers. BONE can also be staked to earn rewards in the form of other cryptocurrencies such as SHIB, LEASH, and RYOSHI.

There are several ways to obtain BONE coins:

Purchase BONE on a cryptocurrency exchange: BONE is listed on several cryptocurrency exchanges, including Binance, Uniswap, and MEXC Global. You can create an account on one of these exchanges and buy BONE using a credit card, debit card, or wire transfer.
Earn BONE by providing liquidity to ShibaSwap: You can earn BONE by providing liquidity to ShibaSwap's liquidity pools. When you provide liquidity to a liquidity pool, you deposit two different cryptocurrencies into the pool. When someone trades one of these cryptocurrencies for the other, you earn a portion of the trading fees.
Stake BONE to earn rewards: You can stake BONE to earn rewards in the form of other cryptocurrencies. To stake BONE, you must first create a wallet that supports staking.
Participate in BONE airdrops: BONE airdrops are events where BONE tokens are distributed to holders of other cryptocurrencies. To participate in a BONE airdrop, you must typically hold a certain amount of the other cryptocurrency in your wallet.

Once you have obtained BONE coins, you can use them to vote on proposals, stake them to earn rewards, or trade them for other cryptocurrencies.

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