After the successful release of the Shibarium Layer-2 blockchain beta Puppynet in March, the Shiba Inu community seeks crypto exchanges to list Bone ShibaSwap (BONE). Several major crypto exchanges including OKX, Huobi, Crypto.com, Gate.io, and Poloniex have listed BONE.
Now, the community has two questions for lead developer Shytoshi Kusama, when Shibarium mainnet will be released and when Binance will list BONE?
Binance Can List BONE on Shytoshi Kusama’s Request
The Shiba Inu team confirmed BONE as the only gas token for Shibarium transactions and a reward token for validators and delegators. Shibarium will offer the benefits of scalability, faster transaction times, lower fees, and an expanded development framework.
With the Shibarium mainnet launch expected by the year’s end, most things around the Shibarium blockchain will involve BONE token. In fact, validators will lock a certain number of BONE tokens to provide security and stake BONE through staking management contracts on the Ethereum mainnet. Moreover, delegators will stake BONE into validator nodes responsible for validating transactions. The BONE token is available since July 2021 for governance and now for Shibarium.
Also Read: Bitcoin Price To Hit $35000 As First Republic Starts Second Wave Of Banking Crisis
Also, transactions on Shibarium will burn Shiba Inu (SHIB) token and helps boost the SHIB rate. Despite so many use cases of BONE token, Binance hasn’t listed the token even in its “innovation zone.” In order to list BONE in a founder needs to submit a listing application form.
Shiba Inu community has backed the project and its developers such as Shytoshi Kusama, who is now considered the leader of Shiba Inu after founder Ryoshi remains anonymous. As per a Binance blog, Shytoshi Kusama can submit a listing application form in the absence of Ryoshi.
Or else, Binance can list BONE in the “innovation zone” allowing only eligible users to trade it. Binance will eventually list BONE token when SHIB developers announce the Shibarium mainnet release date, which is expected by the end of the year.
However, it is important to note that Binance moved Shiba Inu (SHIB) out of the innovation zone on April 18. Listing BONE on the exchange can take time. Nevertheless, the listing will be massive news for the community and push the token on a bull run.
BONE price is currently trading at $1.03, up 9% in a week after six exchanges including OKX and Huobi listed the token.
Also Read: Popular Analyst Predicts Looming Ethereum Price and Altcoins Crash
The post Shiba Inu’s Shytoshi Kusama Can Ask Binance To List BONE, Here’s How appeared first on CoinGape.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks