Shiba Inu (SHIB) Community Faces Big Hurdle Before Shibarium Launch

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Shiba Inu (SHIB) Community Faces Big Hurdle Before Shibarium Launch

The Shiba Inu (SHIB) community has backed the project and its developers such as Shytoshi Kusama, regardless of delaying the launch of the layer-2 blockchain solution Shibarium since a year ago. Shibarium will offer the advantages of scalability, quicker transaction times, lower charges, and an expanded development framework.

Although while developers and the official Twitter handle of the Shiba Inu (SHIB) ecological system hint at a potential launch of Shibarium Beta this quarter, the community has another big issue ahead of them. It is the listing of Bone ShibaSwap (BONE) crypto token by the cryptocurrency exchange Binance.

And once Binance Crypto exchange Will List BONE?

In its official Shibarium blog, the Shiba Inu (SHIB) team has confirmed that BONE will be the only gas crypto token for Shibarium transactions and a reward crypto token for validators and delegators. The BONE crypto token is available since July 2021 for governance and now for Shibarium. On the other hand, it hasn’t been listed by the world’s largest cryptocurrency exchange Binance.

Following the Shibarium launch, BONE will be the main crypto token. In reality, validators will lock a certain number of BONE crypto tokens to provide security and stake BONE through staking management contracts on the Ethereum (ETH) mainnet. Furthermore, delegators will stake BONE into validator nodes in charge of validating transactions. Consequently, most things around the Shibarium blockchain tech will involve the BONE token.

Similarly, Shibarium transactions will burn Shiba Inu  crypto token and helps increase the burn price for Shiba Inu (SHIB). Regardless of so numerous uses points of BONE crypto token, Binance Crypto exchange hasn’t listed the crypto token even in its “innovation zone.” To be able to list BONE in the “innovation zone”, a founder has to  submit a listing app  form. Nonetheless, the identity of Shiba Inu (SHIB)  founder Ryoshi is still a mystery. And, whether lead developer Shytoshi Kusama could submit the app  with Binance?

Community Files Petition Amid FUD

The community has taken the  challenge into its own hands and started a petition to list BONE on Binance Crypto exchange. ShibArmy or the community’s previous petitions such as PayPal to accept SHIB as payment and Robinhood to list SHIB were successful. Only time will tell if the community will be successful this time or not.

Unification developer update outlines the Shibarium Beta launch is likely coming in Q1 as its team finishes testing Oracles of Oracle (OoO) for the Shibarium Layer-2 blockchain.

The past few Bonk Inu (BONK) hype forced numerous top cryptocurrency exchanges to list the crypto token, but it fails to get listed on Binance Crypto exchange. Will the Shiba Inu (SHIB) ecosystem’s BONE crypto token grab the likes of Binance Crypto exchange or fails to attract the exchange to list BONE token? It remains a big challenge for the community ahead of the Shibarium launch. Undoubtedly, the listing will be substantial news for the community and push the crypto token on a bull run.

BONE price is as of now currently worth $1.95, up 34 percent in the previous day, supported by a 240 percent jump in trading volume.

Likewise Read: Bone ShibaSwap (BONE) To Rank In Top 100? SHIB Community Bullish


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