Shiba Inu Ecosystem Token ‘BONE’ Passes 50,000 Holders Mark

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The ShibaSwap Ecosystem’s governance token, Bone ShibaSwap, now has over 50,000 holders.

Investors’ long-term interest in the Shiba Inu Ecosystem is growing daily. Shiba Inu fans are celebrating a major achievement, as the number of BONE holders has reached an all-time high, approaching the 50K round mark.

According to Etherscan.io data, the BONE token has over 50,000 unique addresses. The current number of holders is 50,105.

Read also: Shiba Inu, Bone, and Leash Are Now Accepted as Payment at Over 8,000 Jeripay Acceptance Points in Singapore

Plans for BONE on Shibarium

The demand for BONE, the ShibaSwap Ecosystem’s governance token, grows as Unification XFUND, the developer of Shibarium – Layer 2 Solution, approaches the potential launch of Shibarium. In an official blog post, the blockchain solution provider confirmed that the Shibarium Public Beta TestNet would be launched in Q3.

BONE would be used as a native “GAS Token” on Shibarium, which means that every SHIB holder would require BONE to conduct a transaction on Shibarium. The token currently serves as the ShibaSwap Ecosystem’s governance token, allowing the Shiba Inu Community to vote on upcoming proposals.

The Shiba Inu Community, on the other hand, voted in favor of stopping the minting process for BONE at 230 million coins to save the remaining 20 million for validators in the crypto market. The team, however, decided not to halt BONE minting and instead reduced the current minting rate to just 1 BPB (BONE Per Block) to avoid over-minting of the token.

Related article: Shiba Inu Token, BONE, Goes Live on Canadian Crypto Exchange

According to reports, the Shiba Inu team plans to launch a new reward token, “TREAT,” which will replace BONE as ShibaSwap Rewards.

Aside from that, most Centralized Exchanges (CEXs) and leading payment gateways incorporate BONE support. For example, in July, BONE was listed on Singapore-based exchange CoinTiger, Canada-based exchange Biconomy Global, Top Estonian Exchange Switchere, and Canada-based leading Payment Gateway FCF Pay.