Bone ShibaSwap (BONE) Price

What is the Shib Ecosystem?

The Shib ecosystem consists of several major products, including:

• Shibaswap (a decentralized crypto exchange or DEX to trade and stake tokens);

• Shiboshis – it is a collection of 10,000 Shiba Inu-generated Non Fungible Tokens (NFTS) hosted on the Ethereum blockchain;

• Shibarium – the native blockchain technology that powers the entire Shib ecosystem;

• Shib the Metaverse – a virtual reality game where users can create, explore, and interact with 3D environments.

What Are Shiba Inu Tokens?

BONE (Shibaswap) is not the only cryptocurrency used within the project. In fact, it works in conjunction with two other digital assets, SHIB (Shiba Inu) and LEASH. Together, the trio forms the so-called dog coins, which are part of the large meme coins family.

SHIB (Shiba Inu)

SHIB (Shiba Inu) is the primary token in the Shib ecosystem, offering a decentralized, community-driven currency to millions worldwide. Since its launch in late 2020, the Ethereum-based SHIB tokens have gained immense popularity and are now accepted for payment at numerous locations, both directly and through third-party intermediaries. With enhanced governance, SHIB has established itself as a top-20 token globally.

LEASH

LEASH, a token with only 107,646 in total supply, is designed for loyal ecosystem supporters, granting them exclusive benefits and limited-edition access. It also offers governance capabilities for specific aspects of our decentralized structure, making it an excellent asset within the Shib Ecosystem.

BONE (Shibaswap)

BONE (ShibaSwap) is a distinctive Ethereum-based cryptocurrency, serving as the governing token for the ShibaSwap DEX. Introduced on July 7, 2021, ShibaSwap DEX enables users to seamlessly exchange SHIB tokens for different digital currencies, contribute liquidity, stake tokens, and receive incentives.

BONE is a governance token of Shibaswap ecosystem and it allows the Shiba Inu community, also known as Shib Army, to vote on upcoming proposals, submit proposals and access future NFTs . The more BONE the user holds, the more weight their vote carries in the decision-making process.

The BONE (Shibaswap) token utilizes a deflationary approach, causing its supply to gradually decrease. This is accomplished by burning a proportion of the BONE tokens acquired from ShibaSwap fees and rewards. The burn rate of BONE tokens is determined by BONE holders via the Doggy DAO.

What makes Bone ShibaSwap unique is that the ShibaSwap team is working on the creation of “the best Decentralized Ecosystem (DECO) on the planet”, a metaverse platform that will be powered by three tokens, SHIB, LEASH and BONE.

The circulating supply of BONE is 229M, and the total maximum supply is 250M.

The smart price chart above provides the latest BONE (Shibaswap) price with a 24-hour trading volume, current market capitalization, and recent price change.

How Do BONE Tokens Work?

ShibaSwap is a decentralized finance (DeFi) platform where users can stake SHIB, LEASH, or BONE tokens to earn rewards, and the amount of the reward depends on the quantity and duration of the staked tokens.

The ShibaSwap exchange is packed with several useful features, including the ability to:

• provide liquidity (DIG),

• stake SHIB, LEASH, BONE (BURY),

• swap tokens that comply with the ERC20 standard,

• gain additional BONE rewards (WOOF).

Moreover, users have the opportunity to migrate their Uniswap V2 liquidity to ShibaSwap and earn additional BONE (FETCH), as well as utilize BONEFOLIO for ShibaSwap analytics.

BONE token holders possess the ability to vote on upcoming proposals and contribute new ideas to enhance the ShibaSwap platform. The voting process occurs through the decentralized autonomous organization known as the Doggy DAO. The weight of a user's vote is determined by the amount of BONE tokens they hold.

The Doggy DAO also grants access to exclusive NFTs created by the Shiba Inu team and community artists.

Who Created ShibaSwap (BONE)?

The BONE (ShibaSwap) project was created by the Shiba Inu (SHIB) team, founded in 2020 by an anonymous entity named Ryoshi. BONE was introduced alongside the launch of the ShibaSwap platform in July 2021, providing a platform for trading SHIB tokens with other cryptocurrencies.

BONE was designed as a governance token, and it gives the Shiba Inu community an ability to vote on the platform's future development.

Currently, Shytoshi Kusama acts as the lead developer of the Shibarium Layer 2 blockchain. He or she is also an influential voice in the Shiba Inu community, although their personality is concealed as well.

The BONE (Shibaswap) project gained popularity thanks to its cute dog-themed branding and its charitable initiatives. It was inspired by the success of other dog-themed tokens like Dogecoin. The project's mascot, Shiba Inu, is a depiction of the famous dog breed known for its cuteness.

The history of the BONE price, including the lowest price and highest price paid for the BONE crypto, is offered on the price chart above. This information can aid investors in understanding the price trends and volatility associated with the BONE cryptocurrency.

What is the Price of BONE (Shibaswap) Today?

Changelly offers a real-time BONE to USD price chart with a 24 hour trading volume, current market cap, recent price change, and other valuable metrics. Through this BONE Shibaswap price chart that updates regularly, you can also easily access the BONE price history, showcasing how the value of crypto asset value has fluctuated at the cryptocurrency market over time.

Take advantage of our BONE price chart to support your technical analysis of the project or prepare a more accurate BONE (Shibaswap) price prediction.

This text is not financial advice, but for informational purposes only. The crypto market is highly volatile, so you should deal with cryptocurrencies with caution and never invest more than you can safely afford to lose.