Bone ShibaSwap (BONE) currency introduction

As the governance token of the Shiba Inu ecosystem, BONE empowers holders to participate in decision-making, incentivizes liquidity provision, and facilitates ecosystem participation.

Dec 16, 2024 at 04:50 am

Bone ShibaSwap (BONE): A Comprehensive Guide to the Governance Token of the Shiba Inu Ecosystem

Introduction

Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem, has garnered substantial attention in the cryptocurrency realm. This article delves into the intricate details of BONE, exploring its characteristics, utilities, and its role within the Shiba Inu ecosystem.

What is Bone ShibaSwap (BONE)?

• BONE is an Ethereum-based ERC-20 token that serves as the governance token of the Shiba Inu ecosystem.
• Holders of BONE have voting rights in the Shiba Inu decentralized autonomous organization (DAO), which gives them a say in the development and direction of the ecosystem.
• The total supply of BONE is 250,000,000 tokens, with approximately half allocated for liquidity mining and the remaining distributed to the Shiba Inu community.

BONE Utilities

• Governance: BONE holders can participate in the governance of the Shiba Inu ecosystem by voting on proposals submitted to the DAO.
• Liquidity Mining: BONE is used as a reward token for liquidity providers on the ShibaSwap decentralized exchange.
• Staking: BONE holders can stake their tokens to earn rewards, including additional BONE and other tokens in the Shiba Inu ecosystem.
• ShibaSwap Ecosystem Participation: BONE plays a central role in the ShibaSwap ecosystem, facilitating the purchase of LEASH and SHIB tokens on the decentralized exchange.

BONE Distribution

• 50% Liquidity Mining: 125,000,000 BONE tokens are allocated for distribution to liquidity providers on ShibaSwap.
• 20% Woof Paper: 50,000,000 BONE tokens are reserved for the Shiba Inu Woof Paper, a document outlining the ecosystem's roadmap and vision.
• 20% Dev Wallet: 50,000,000 BONE tokens are held by the Shiba Inu development team for operational expenses and ecosystem development.
• 10% Community Distributions: 25,000,000 BONE tokens are distributed to the Shiba Inu community through various events and giveaways.

BONE Tokenomics

• Token Standard: ERC-20
• Total Supply: 250,000,000 BONE
• Circulating Supply: Approximately 212,000,000 BONE (as of July 18, 2023)
• Maximum Supply: 250,000,000 BONE
• Burn Mechanism: No specific burn mechanism implemented

BONE Trading and Exchanges

• BONE is traded on various cryptocurrency exchanges, including Binance, Coinbase, and Huobi Global.
• Users can also purchase BONE directly from the ShibaSwap decentralized exchange.

BONE Security

• BONE is based on the Ethereum blockchain, which provides a secure foundation for the token.
• The smart contract governing BONE has undergone rigorous audits to ensure its integrity.
• Shiba Inu maintains a team of security experts to monitor and protect the ecosystem, including BONE.