This seems necessary to prevent overminting of BONE
The shiba inus The team shared updates on BONE’s new strike rate in a blog post. He says that rather than completely stopping the BONE minting process as it nears the 230 million cap, he aims to slow down the BPB (BONE Per Block) by adjusting the current minting rate to 1 BPB.
This seems necessary to prevent overminting of BONE and also allow for ShibaSwap rewards to continue in anticipation of the upcoming reward token TREAT, which is planned to enter the ecosystem soon.
He says this will also protect the integrity of the DAO voting and reward system while preserving the agreed hit ratios voted by the community at 230 million BONE. The community had previously decided to limit the maximum supply to the initial cap of 250 million BONE by stopping its minting at 230 million.
According to statistics shared on the official BONE Twitter handle, only 499,000 BONE are left to mint to attain the 230 million cap, as of July 15.
The next Shibarium will require securing 20 million BONE for its operations, in which validators/delegators and gas for layer 2 will be reserved by this action. Additionally, validators will be rewarded in BONE for their work on Shibarium. According to recent updates shared by Unification last month, the Shibarium Public Beta TestNet is expected to roll out in Q3 2022.
Another major exchange lists BONE
CoinTiger, a Singapore-based cryptocurrency exchange, has announced the listing of Bone.
Biconomy Global, a Canadian exchange, announced the listing of the BONE/USDT pair on July 12. In early June, BTCEX, a Canadian digital asset derivatives trading platform, also announced the listing of the BONE/USDT pair.
BONE is the governance token of the ShibaSwap ecosystem that allows the Shiba Inu community to vote on upcoming proposals and has a maximum supply of 250,000,000 tokens
