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What is the issuance volume of Bone ShibaSwap (BONE) coins?
The total issuance volume of Bone ShibaSwap (BONE) coins is 250,000,000 tokens, distributed among the Shiba Inu community, ShibaSwap team, and "doggy DAO."
Dec 14, 2024 at 05:32 am
What is the Issuance Volume of Bone ShibaSwap (BONE) Coins?
Bone ShibaSwap (BONE) is the governance token of the ShibaSwap decentralized exchange (DEX). BONE holders can participate in the governance of the DEX by voting on proposals and submitting their own proposals. BONE can also be used to pay for transaction fees on ShibaSwap and to stake to earn rewards.
The total issuance of BONE is 250,000,000 tokens. Of this total, 50% was distributed to the Shiba Inu community through an airdrop, 20% was allocated to the ShibaSwap team, and 30% was allocated to the "doggy DAO."
The issuance volume of BONE coins is important because it affects the overall supply and demand for the token. A higher issuance volume can lead to a decrease in the price of the token, while a lower issuance volume can lead to an increase in the price of the token.
Here are some of the factors that can affect the issuance volume of BONE coins:
- ShibaSwap governance: The ShibaSwap community can vote on proposals to change the issuance volume of BONE coins.
- Market demand: If there is a high demand for BONE coins, the issuance volume may be increased to meet that demand.
- Shiba Inu team: The Shiba Inu team can allocate more BONE coins to the ShibaSwap team or to the doggy DAO, which could increase the issuance volume.
It is important to note that the issuance volume of BONE coins is not set in stone. It can be adjusted over time by the ShibaSwap community or by the Shiba Inu team.
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