Shiba Inu’s BONE price quotes now available on Binance
It became known that the price of the Bone ShibaSwap (BONE) token, one of the three tokens in the shiba inus (SHIB), has become available for tracking on one of the world’s largest crypto exchanges, Binance. The introduction of the innovation sparked a new wave of rumors about BONE’s possible listing on Binance.
With this gesture, Binance once again demonstrates its support for the Shiba Inu ecosystem. In early June, the exchange launched a promotional campaign within which new users were invited to participate in the drawing of 45,000 SHIB. However, it was not that simple, as winners of the drawing would have to lock in the winning SHIBs in a 150-day staking, but with a return of 100% per annum.
Important Bone in Shiba Inu Skeleton
The key utility of BONE is that it is a token of the Shibaswap ecosystem. Through BONE, holders can vote for certain developer-initiated proposals. At the same time, the creators of BONE don’t plan to stop there, and the crypto space is already full of rumors about the token’s possible use in Shiba Inu’s upcoming Layer 2 solution, Shibarium. Thus, the token can be used to provide transaction processing and smart contract execution functionality in Shibarium.
It is unknown at this time whether or not BONE will eventually be listed on Binance. As we know, to be able to be listed on Binance, a token must be extremely popular and in demand, capable of stirring up the crowd and causing wild price movement. So far, BONE is only fully listed on the MEXC exchange, but this is just a drop in the ocean. Perhaps the support of such an active community as the Shib army and the long-awaited release of Shibarium, with confirmation of BONE usage as a functional token, will contribute to wider distribution of BONE itself on big platforms.