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The Bone ShibaSwap project was established by the team behind Shiba Inu (SHIB), which was founded in 2020 by an anonymous person/group of people known as Ryoshi.
BONE was introduced to the community in parallel with the launch of the decentralized exchange (DEX) — ShibaSwap, in July 2021.
What Makes Bone ShibaSwap (BONE) Unique?
The ShibaSwap team is building a metaverse platform — combining three tokens, SHIB, LEASH and BONE — towards the development of what the project calls "the best Decentralized Ecosystem (DECO) on the planet."
BONE is a governance token for ShibaSwap, which allows owners to participate in governing activities, make proposals for future development, and vote on the decentralized autonomous organization (DAO) — Doggy.
On the platform, users can DIG (provide liquidity as SSLP), BURY (stake SHIB, LEASH, BONE), SWAP ERC-20 tokens and receive WOOF returns (rewards), FETCH (migrate Uniswap V2 liquidity to ShibaSwap and earn additional BONE), and utilize BONEFOLIO (analytics for ShibaSwap).
Shiba Inu is the second most valuable memecoin by market capitalization, currently standing at $5.2B, and once hit a high of $40B.
How Many Bone ShibaSwap (BONE) Coins Are There in Circulation?
Bone ShibaSwap (BONE) was created as the governance token for the Shiba universe based on the ERC-20 standard. It can be traded on its own DEX ShibaSwap, where Shib Army can exchange tokens for listed digital assets.
Bone ShibaSwap has a maximum supply of 230,000,000 coins with 229,923,351 BONE in circulation as of May 2023.
According to the document posted on GitBook, 10% of all emissions are allocated to the Multisig-controlled treasury/Development Fund, and 0.05% of the exchange trade fees are awarded to holders of the tBONE token. As for monthly BONE emissions, ~13,824,000 $BON tokens are released monthly, primarily for stakers and liquidity providers (LPs).
How Is the Bone ShibaSwap Network Secured?
Bone ShibaSwap (BONE) is an ERC-20 token based on the Ethereum blockchain, which is secured by the Proof-of-Stake (PoS) consensus algorithm while a set of decentralized nodes validates transactions. Furthermore, all tokens of the Shiba ecosystem (SHIB, LEASH, BONE), including the Bone ShibaSwap smart contracts, have been audited by CertiK.
The live Wrapped BONES price today is $0.388500 USD with a 24-hour trading volume of $0.340461 USD. We update our WBONES to USD price in real-time. Wrapped BONES is up 10.03% in the last 24 hours. The current CoinMarketCap ranking is #9905, with a live market cap of $26,570.52 USD. It has a circulating supply of 68,393 WBONES coins and the max. supply is not available.