$BONE token for dummies. Benefits. Goals.
Much like our beloved Shib, $Bone is a crypto token. They’re kind of part of the same game, share the same mother and are generally working towards the same end. However, they’re not the same thing.
What is the $BONE token?
The $BONE token is the token of choice for the Shiba Doggy DAO (decentralized autonomous organization), and the Shibarium layer-2 scaling solution for Shiba Inu. Whereas Shiba Inu acts as a “currency”, $BONE is more of a governance token - a “stock” that gives you rights to vote within the ecosystem. Of course, it’s a bit more complex than that, but the general idea is true.
What does investing in $BONE grant you?
A whole lot of authority, fame, power and other various bells and whistles!
First of all, being a crypto token, $BONE can still be traded, swapped or sold for a profit. The token is currently trading at $0.86 and is yet to be listed on large exchanges like Binance. However, the Shib community is pushing hard for its listing by voting for the token in exchange polls. It’s pretty much the same thing as owning Bitcoin or Shiba Inu. However, that’s not the only benefit one gets for owning it.
By buying $BONE, investors will have voting rights that allow them to decide on upgrades and the liquidity pairs that will be added to ShibaSwap, the DEX (decentralized exchange) of the Shiba Inu ecosystem. The more $BONE investors holds, the more voting power they have in the ecosystem. Additionally, the token will be used for gas fees in the Shibarium network, along with the upcoming Shiba Inu game called Shiba Eternity.
Shiba holders will need to buy $BONE in order to transact on ShibaSwap and the Shibarium network in general. This means a huge increase in demand when Shibarium is launched, causing the $BONE price to increase.
The $BONE token will become an important part of the Shiba Inu ecosystem as it develops.
Where can I buy the $BONE token?
Investors can currently buy $BONE at ShibaSwap, Probit, MEXC and CoinTiger. Alternatively, $BONE can be earned passively by digging, which means providing liquidity in ShibaSwap. The process is pretty easy: You connect your ETH wallet to ShibaSwap, click on the “Provide liquidity” button in the Dig menu, make or choose a trading pair, and finally lock your ETH and tokens to provide liquidity.
Got the walnuts to write about crypto and earn Shib?
Every Joe/Jessica gets $5 worth of SHIB per article written for us, with an extra $1 raise for every tenth piece! You game?
