Bone ShibaSwap (BONE) is the ShibaSwap decentralized exchange (DEX) governance token with voting functionality. BONE allows the Shiba Inu community, also known as Shib Army, to vote on upcoming proposals, submit proposals and access future NFTs. The more BONE tokens users have, the more significant their votes are.
BONE is the Ethereum-based token in the Shiba ecosystem, including Shiba Inu (SHIB) and Doge Killer (LEASH) tokens. According to the Shiba Inu website, SHIB is the "Dogecoin (DOGE) killer." Due to its popularity, the project is the second-largest dog-inspired memecoin in the crypto space.
The ShibaSwap exchange was launched on July 7, 2021 to allow platform users to trade their SHIB tokens for other cryptos. BONE is a middle link in the ecosystem. On ShibaSwap, SHIB holders provide liquidity for BONE reward tokens. Users can stake tokens to earn rewards. Rewards depend on the amount and duration of the staked tokens.
## Who Are the Founders of Bone ShibaSwap?
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 to buy BONE on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing BONE. Some reputable platforms includeBybit、OKX、Binance, and others.
Step 2: Register an Account
Here, we'll register an account on the Gate.io (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing BONE.
Step 5: Purchase BONE
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of BONE you wish to purchase. Typically, you'll choose to BONE USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy BONE.
Step 6: Store Your BONE
After purchasing, you can choose to store your BONE in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and BONE assets, be sure to use a strong password and enable two-factor authentication.
BONE Price:Shibarium was originally proposed by Ryoshi, the founder of Shiba Inu, as a second-layer blockchain solution. Ryoshi believes that to achieve true decentralization, the community must have its own low-cost blockchain solution. Therefore, Shibarium is considered one of the main goals of the Shiba Inu experiment, as theoretically, it will reduce transaction fees for participants in the Shiba ecosystem.The price fluctuates daily, You can go to the exchange: Gate.io to check the price.
Recommended Similar Coins: SHIB、BabyDoge