Shiba

No one

Satoshi

Shiba Inu

Inu.

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<p lang="en-GB" xml:lang="en-GB">The official Shiba Inu marketing lead, who refers to herself as Lucie, has shared with the SHIB community why the mysterious SHIB founder <a href="https://u.today/shib-founder-ryoshis-crucial-burn-message-shared-by-shiba-inu-team" rel="noopener noreferrer nofollow">Ryoshi</a> wanted to create BONE token in the first place. However, this initial plan was changed later on for the sake of a more practical goal.</p>
<h2 id="here-s-why-bone-was-created">Here's why BONE was created</h2>
<p lang="en-GB" xml:lang="en-GB">Lucie tweeted that initially the goal of creating BONE token was to issue rewards to SHIB holders. However, later, the goal was changed to facilitate <a href="https://u.today/shib-burns-on-fire-after-shiba-inu-team-performs-hard-fork" rel="noopener noreferrer nofollow">SHIB burns</a> using the layer-2 solution Shibarium. Lucie did not share whether this decision was made before or after Ryoshi’s departure from the project. The latter took place in May 2022.</p>
<blockquote>
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BONE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BONE</a> was created to reward <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> holders but was later changed to help burn <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> on <a href="https://twitter.com/hashtag/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Shibarium</a>.Each plays its own role.</p>— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1788130458334605648?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">Now BONE tokens power transactions on Shibarium, serving as a means for paying gas fees. A portion of these fees was set aside for developers to continue maintaining the network, and the other part converted into SHIB and then moved to unspendable wallets to be burned. Lucie emphasized that it is important that each token play its own role in the Shibarium ecosystem.</p>
<h2 id="lucie-likens-shib-to-btc">Lucie likens SHIB to BTC</h2>
<p lang="en-GB" xml:lang="en-GB">In another recently published tweet, Lucie again tackled complaints about “slow SHIB burns” and the developer team not contributing to them at the moment. The SHIB marketing lead said that there is no centralized authority standing behind Shiba Inu, and in this regard, this meme coin is similar to Bitcoin, the original cryptocurrency created by the mysterious Satoshi Nakamoto.</p>
<p lang="en-GB" xml:lang="en-GB">Lucie reminded the community that the team cannot burn SHIB at will; Ryoshi destroyed his own burn keys and “handed the vision to Shytoshi” Kusama.</p>
<blockquote>
 <p lang="en" dir="ltr">Here we go again <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> Yes, <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> is just like <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a>. No one is behind it. The Ryoshi - <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> founder burned the keys and handed the vision to Shytoshi, aka medium here. <a href="https://t.co/EcuLz6tX55" rel="noopener noreferrer nofollow">https://t.co/EcuLz6tX55</a> That’s not the point, as we've said it hundreds of times.The point is to build… <a href="https://t.co/83Z40hEShW" rel="noopener noreferrer nofollow">pic.twitter.com/83Z40hEShW</a></p>— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1788108965236166722?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">The point of creating SHIB was to let other developers build their products and dApps around Shiba Inu. Therefore, Lucie stated, those who want more SHIB meme coins to be burned need to create tools with high utility. In that case, BONE will be earned by the team, which they will later convert into SHIB and burn.</p>
<p lang="en-GB" xml:lang="en-GB">She added that “no one can stop you because, just like around BTC, EVERYONE can build around SHIB.” But building on SHIB costs “a lot of money, focus, and persistence.”</p>

Here's Why BONE Was Made in First Place – Team Member Reveals Ryoshi's Initial Plan

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