Shiba Inu Developer Renounces BONE Governance Token
Shiba Inu developer Kaal Dhairya has confirmed the renouncement of the ShibaSwap governance token BONE. This means that Dhairya, as the smart contract creator, has given up control of the token, making it trustless and transparent. This move is expected to attract more investors and could potentially boost the prices of both BONE and SHIB in the coming weeks.
BONE Deployer Renouncing Sparks Excitement In The Shiba Inu Ecosystem
In a recent post, Kaal Dhairya announced that the renounceOwnership function has been completed. He stated, “The deed is done, BONE is now renounced via the TopDog contract. We will continue to build decentralized, permissionless systems for the benefit of the community.” The renouncing process took place at block 18222509 from the ShibaSwap.eth deployer to the Migrator address, ensuring BONE’s security and full decentralization.
Shiba Inu Marketing Strategist Lucie Shib also confirmed the renouncement by sharing a screenshot of the operation. This was further supported by a member of the SHIB Army DaVinci, who emphasized that this renouncing would make BONE fully decentralized and protected.
Hot Take: Renouncing BONE Token Boosts Trust and Potential for Growth
The renouncement of the ShibaSwap governance token BONE by its developer has generated excitement within the Shiba Inu ecosystem. By relinquishing control of the token, it becomes trustless and transparent, making it more attractive to investors. This move also ensures that the smart contract cannot be manipulated or altered. As a result, BONE and SHIB may experience price increases in the coming weeks. With the support of the community and the promise of decentralized systems, the future looks promising for Shiba Inu and its governance token.
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