The $BONe Token Surges Over 10% in Shiba Inu Ecosystem
The price of the $BONe token, one of the main cryptocurrencies in the Shiba Inu ($SHIB) ecosystem, has experienced a surge of over 10%. It is now trading close to the $0.9 mark and has a market capitalization above $200 million.
Renounced Deployer Contract Boosts BONE’s Security
BONE’s price surge came after the developers announced that the deployer contract for BONE was fully renounced. This step enhances the protocol’s security and provides investors with greater confidence in its stability.
Benefits of Renouncing a Smart Contract
When a smart contract is renounced, it means that the creator relinquishes their power to alter or update it. This gives investors peace of mind, knowing that the contract is fixed and cannot be tampered with by the creator.
The Shiba Inu Ecosystem
The SHIB ecosystem consists of three main tokens. The first is SHIB, a decentralized currency running on the Ethereum blockchain. It has gained global popularity and can be used as a payment method directly or through third-party services.
BONE: A Token with Limited Supply
BONE is another token in the ecosystem, with a limited supply of 250 million. It allows the Shib Army to participate in decision-making by voting on proposals through the Doggy decentralized autonomous organization. Additionally, BONE serves as the primary native asset on the Shibarium network, a blockchain platform developed by the Shiba Inu team.
LEASH: Exclusive Benefits for Ecosystem Supporters
LEASH is the third token in the ecosystem, with a limited supply of 107,646. It offers exclusive benefits to dedicated supporters of the Shiba Inu ecosystem.
Shibarium Network Statistics
Data from Shibarium network explorer Shibariumscan reveals that the network has processed over two million transactions and currently stands at 2.99 million. The average daily transactions are close to 200,000. Furthermore, over 740,000 blocks have been processed, and more than 1.25 million wallet addresses have been created on the network.
The marketing strategist for the Shiba Inu ecosystem, LucieSHIB, highlights that Shibarium offers more favorable BONE rewards compared to ShibaSwap, the decentralized exchange built on the Ethereum network.
Hot Take: BONE Token Rises with Enhanced Security and Growing Ecosystem
The $BONe token has experienced a significant surge in price within the Shiba Inu ecosystem. This growth can be attributed to the developers’ decision to fully renounce the deployer contract, boosting the protocol’s security and instilling investor confidence. With a limited supply of 250 million tokens, BONE allows participants in the Shib Army to contribute to the project’s future through voting on proposals. Additionally, the Shibarium network continues to expand rapidly, processing millions of transactions and attracting a large user base. As the ecosystem evolves and gains traction, it presents promising opportunities for investors and enthusiasts alike.
By
By
By