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WBONES

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.

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).

As of May 2023, Bone ShibaSwap (BONE) is available on ShibaSwap, Uniswap (V3), Gate.io, Poloniex, Bitget and more.

Want to keep track of BONE prices live? Download the CMC mobile app to follow the real-time prices of BONE, BTC and other cryptocurrencies.

Read about Shiba Inu (SHIB) and Doge Killer (LEASH).

Check out Dogecoin (DOGE) — the most well-known meme coin.

Learn more about the dog-related memecoin mania with our educational portal.

What is a memecoin? Find out with the CMC glossary.