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.