What Is Bone ShibaSwap (BONE)?
Bone ShibaSwap (BONE) serves as a flagship governance token within the ShibaSwap ecosystem, a decentralized exchange (DEX) tied to the Shiba Inu community. Designed to empower users with voting rights and DeFi opportunities, BONE complements other tokens like SHIB and LEASH in ShibaSwap’s reward system.
Key Use Cases of BONE Token
Governance:
- BONE holders participate in DOGGY DAO to vote on protocol upgrades, earning tBONE rewards.
- Decisions include fee structures, token emissions, and partnership integrations.
DeFi Incentives:
- DIG (Liquidity Provision): Users add liquidity to pools (e.g., BONE-ETH) to earn WOOF returns and SSLP tokens.
- BURY (Staking): Stake BONE, SHIB, or LEASH to accrue rewards, with 33% available immediately and 67% locked for six months.
Shibarium Integration:
- BONE will fuel transactions on Shibarium, Shiba Inu’s Layer 2 solution, enhancing scalability and reducing gas fees.
Bone ShibaSwap Tokenomics & Price History
Supply Breakdown:
- Max Supply: 250 million BONE (capped at 230 million post-community vote).
- Circulating Supply: ~74 million (as of latest data).
Allocations:
- 10% to development/marketing (multisig-controlled).
- 20 million reserved for Shibarium validators.
Price Performance:
- All-Time High: $15.50 (July 7, 2021).
- Key Resistance: Broke $1.07–$1.14 in August 2022, signaling bullish momentum.
- Market Trends: Peaked at ~$3 during November 2021 bull run, correlated with broader crypto trends.
👉 Track BONE’s live price and market cap
Founders & Governance Structure
- Creator: Pseudonymous founder Ryoshi (exited May 2022), with development continued by Shytoshi Kusama.
DAO Model:
- 3/5 multisig wallet for routine operations.
- 6/9 emergency multisig for critical decisions.
Unique Features of ShibaSwap
- Bonefolio Dashboard: Real-time analytics on liquidity pairs, ROI, and yield farming metrics.
- High-Yield Staking: Up to 0.05% swap fees converted to BONE for stakers.
- SSLP Tokens: Represent liquidity shares, earning 0.1% fees in DAI/USDT.
Storing BONE Tokens Securely
- Hot Wallets: MetaMask, Trust Wallet (Ethereum-compatible).
- Cold Storage: Ledger, Trezor for offline security.
FAQs About Bone ShibaSwap
1. How can I earn BONE rewards?
Stake tokens via BURY or provide liquidity through DIG. Rewards include BONE, tBONE, and swap fees.
2. What is Shibarium’s role for BONE?
BONE will pay gas fees on Shibarium, boosting demand and utility post-launch.
3. Is BONE’s supply inflationary?
No. The community voted to cap supply at 230 million, ensuring scarcity.
4. Who governs ShibaSwap?
BONE holders vote via DOGGY DAO, with multisig wallets for security.
👉 Explore ShibaSwap’s latest updates
Conclusion
BONE’s integration with ShibaSwap and upcoming Shibarium positions it as a pivotal asset in Shiba Inu’s ecosystem. Its governance utility, staking rewards, and fixed supply make it a compelling choice for DeFi participants. Stay updated with real-time metrics and leverage its growing adoption for long-term gains.