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What is the issuance price and issuance volume of Bone ShibaSwap (BONE) coins?
BONE, the governance token of ShibaSwap DEX, debuted at $1.00 with a total issuance of 250 million, with 50% distributed through liquidity mining and 50% allocated to the development team.
Dec 16, 2024 at 07:59 am
What is the Issuance Price and Issuance Volume of Bone ShibaSwap (BONE) Coins?
Bone ShibaSwap (BONE) is the governance token of the ShibaSwap decentralized exchange (DEX). It was launched in July 2021 with a maximum supply of 250 million tokens. BONE holders can participate in governance votes, earn rewards, and pay for transaction fees on the ShibaSwap DEX.
Issuance Price
The issuance price of BONE was initially set at $1.00 per token. However, the price of BONE has fluctuated significantly since its launch, and it is currently trading at around $1.20 per token.
Issuance Volume
The total issuance volume of BONE is 250 million tokens. Of this amount, 50% (125 million tokens) were distributed to the ShibaSwap community through a liquidity mining event. The remaining 50% (125 million tokens) were allocated to the Shiba Inu development team.
BONE Token Distribution
The BONE token distribution is as follows:
- 50% (125 million tokens) distributed to the ShibaSwap community through a liquidity mining event
- 20% (50 million tokens) allocated to the Shiba Inu development team
- 15% (37.5 million tokens) allocated to the ShibaSwap team
- 10% (25 million tokens) allocated to the Shiba Inu Foundation
- 5% (12.5 million tokens) allocated to advisors and partners
BONE Token Use Cases
BONE tokens can be used for the following purposes:
- Governance: BONE holders can participate in governance votes to help shape the future of the ShibaSwap DEX.
- Rewards: BONE holders can earn rewards by staking their tokens on the ShibaSwap DEX.
- Transaction fees: BONE tokens can be used to pay for transaction fees on the ShibaSwap DEX.
BONE Token Future
The future of the BONE token is bright. The ShibaSwap DEX is one of the most popular DEXs in the world, and the BONE token is used for a variety of important purposes on the platform. As the ShibaSwap DEX continues to grow and evolve, the BONE token is likely to become even more valuable.
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