The partnership has sparked discussions and excitement surrounding K9 Finance’s ability to significantly impact Shibarium’s Total Value Locked (TVL) and the BONE token.

https://t.co/tSqU45VnSv

— Shytoshi Kusama (@ShytoshiKusama) March 1, 2024

Read Also: SHIB News: Shibarium Integrates With CoinMarketCap and CoinGecko: Here’s the Significance

A key aspect of K9 Finance’s proposition is its focus on unlocking the potential of the BONE token. Currently, many BONE holders earn a meager 5% APY (annual percentage yield) on platforms like ShibaSwap and Ethereum.

K9 Finance aims to incentivize BONE staking by offering a significantly higher APY on their Shibarium-based platform. This increased yield could attract more users to stake their BONE tokens, boosting the overall utility and demand for the token.

Introducing knBONE: Staking with Flexibility

K9 Finance introduces knBONE, a novel liquid staking token. Unlike traditional staking methods that lock up your tokens, knBONE represents the value of staked BONE, allowing users to retain liquidity while earning staking rewards.

This means users can stake their BONE and receive knBONE tokens, which can be used for other DeFi activities. For example, users staking $200 worth of BONE would receive an equivalent value in knBONE, enabling them to participate in other DeFi opportunities while their BONE continues to accrue rewards.

K9 Finance’s Proposal: A Game-Changer for Shibarium’s TVL?

K9 Finance’s proposal presents an intriguing possibility of significantly boosting Shibarium’s TVL. An analysis by K9 Finance founder Buzz.Shib suggests that if all currently staked BONE tokens (approximately $22 million) were migrated to K9 Finance, it would represent a 22-fold increase in Shibarium’s TVL.

Furthermore, Buzz.Shib estimates that if the community reaches the industry average TVL of $50 million, Shibarium’s TVL could potentially increase by 50 times.

Common question I get is "how big can @K9finance be for @Shibtoken" but more specifically $BONE & #Shibarium

Let's break it down

Note: these metrics are rough estimates $BONE delegated on ETH = 24 million$BONE staked on @ShibaSwapDEX on ETH (no APY) = 11.5 million
Average %…

— Buzz.Shib | Shibarium (@buzzdefi0x) February 26, 2024

Read Also: Shiba Inu (SHIB) Holders Must Take Note Of This Urgent Warning

Early Signs of Growth

While these projections are optimistic, Shibarium’s TVL has already experienced a 30% increase since the initial analysis, indicating early signs of growing interest in the platform. As of February 27, 2024, Shibarium boasts a TVL of $1.32 million, according to DeFiLlama.

With the launch of its native token, KNINE, scheduled for March 7, 2024, K9 Finance is poised to play a significant role in the development of the Shiba Inu ecosystem. The community closely watches the platform’s launch and its potential impact on the BONE token, Shibarium’s TVL, and the overall trajectory of the Shiba Inu project.

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The post Shiba Inu Lead Dev Reacts To Project that Promises To Boost Shibarium TVL appeared first on Times Tabloid.

This breakthrough addresses long-standing concerns about scalability and unlocks exciting possibilities for the Shiba Inu community.

How to bridge Bone from Ethereum Mainnet to Shibarium: a quick and simple guide! pic.twitter.com/vT7CDjswUO

— Shib (@Shibtoken) January 30, 2024

Read Also: Top Shiba Inu Proponent Emphasizes the Need For Decentralized Distribution of SHIB, BONE, and LEASH

Bridging the Gap

To make the migration process effortless, the official Shiba Inu X account has released a video guide with easy-to-follow steps. Here’s how you can transfer your BONE tokens:

– First, ensure that your BONE tokens are stored in a Web3 wallet like MetaMask.
– Visit [https://shibarium.shib.io/bridge](https://shibarium.shib.io/bridge) and connect your wallet by simply clicking the “Connect” button.
– Enter the desired amount of BONE tokens you wish to migrate and click “Transfer.”
– You’ll need to authorize the transaction through your wallet. Keep in mind that the process involves two separate transactions, which may take approximately 20 minutes to complete.
– To view your BONE tokens on Shibarium within MetaMask, add the network using chain.shibrpc.com.

While Shibarium does not currently support staking and delegation features, the bridge enhances transaction speed and reduces costs for BONE holders. This aligns with Shibarium’s goal of improving scalability and user experience within the Shiba Inu ecosystem.

The Shiba Inu community, lovingly referred to as the “Shib Army,” has welcomed the bridging guide with open arms. Numerous users have successfully migrated their BONE tokens already, showcasing the community’s active involvement and unwavering enthusiasm.

Community Cheers, But Questions Linger

The successful early migration of BONE has sparked excitement in the community, as many anticipate the activation of its full potential on Shibarium. This promises not only additional utility for BONE holders but also potentially lucrative returns.

However, several key questions linger. Firstly, a clear roadmap detailing the long-term vision and development plan for Shibarium is imperative for maintaining community engagement and attracting broader adoption.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: SHIB News: Shibarium Resumes Block Production, Resolving Stuck BONE Tokens

Additionally, the integration of Shibarium raises concerns about its potential impact on other ecosystem tokens like LEASH and SHIB. Addressing these uncertainties and outlining a transparent and inclusive future for the entire ecosystem will be crucial for Shibarium’s long-term success.

The introduction of the BONE bridge marks a significant milestone in the evolution of the Shiba Inu ecosystem. As Shibarium continues to evolve, we can anticipate further integrations and functionalities that will unlock fresh opportunities not only for BONE but for the entire Shiba Inu community. Exciting developments lie on the horizon in the coming months.

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BitMEX, widely recognized as a leading crypto trading platform, continues to expand its offerings by introducing two new perpetual contracts for Shiba Inu on its platform. This strategic move provides BitMEX users with the opportunity to engage in both long and short positions for SHIB, utilizing leverage of up to 33x.

Buckle up #SHIBARMY

Tomorrow, two new perpetual listings for SHIB will arrive at BitMEX:$SHIB $USD$SHIB $USDT

…with up to 33x leverage.

Contract details
https://t.co/sou2P4SziQ pic.twitter.com/SmW4I8Ptox

— BitMEX (@BitMEX) August 29, 2023

Similarly, BitMEX has demonstrated its support for the governance token of the Shiba Inu ecosystem, Bone ShibaSwap (BONE), by launching two new perpetual trading pairs: BONEUSDT and BONEUSD. These pairs offer leverage options of up to 5x.

More listings for #SHIBARMY are arriving tomorrow:$BONE $USD$BONE $USDT

…with up to 5x leverage.

Contract details https://t.co/Y4gxlsvyE0 pic.twitter.com/PngXxKoz83

— BitMEX (@BitMEX) August 29, 2023

BitMEX: A Premier Trading Platform

Established in 2014, BitMEX has solidified its position as a leading cryptocurrency exchange and derivative trading platform. Through its user-friendly interface, traders can seamlessly buy and sell over 26 cryptocurrencies while enjoying low transaction fees.

According to CoinMarketCap, BitMEX currently occupies the 38th spot in terms of daily trading volume among cryptocurrency exchanges. Recent CoinMarketCap data reveals that the platform recorded a trading volume of $568,470 in digital assets within the last 24 hours.

Shibarium’s Milestone Achievement

This development coincides with the recent milestone achievement of Shibarium, the newly launched Layer-2 blockchain of Shiba Inu. Surpassing the threshold of 500,000 transactions, Shibarium continues to solidify its utility within the ecosystem.

Data from Shibariumscan.io, the dedicated blockchain explorer for Shibarium, indicates that the network has successfully processed a total of 541,533 transactions thus far. Furthermore, the number of unique wallet addresses connected to Shibarium has risen to 337,109. As of now, the Mainnet has produced 372,462 blocks, boasting an impressive average block time of just 5 seconds.

BitMEX’s introduction of four new perpetual contracts tailored to the Shiba Inu ecosystem amplifies the opportunities for traders seeking exposure to SHIB and BONE.

As Shibarium continues to exemplify its utility by surpassing significant transaction milestones, the growth and potential of the Shiba Inu ecosystem remain compelling.

Traders and enthusiasts alike eagerly anticipate the further development and expansion of these offerings, fueling the continued success of both BitMEX and the Shiba Inu community.

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BONE is the governance token for ShibaSwap, a decentralized exchange launched in July 2021. It quickly reached an all-time high of $15.50 but has since plummeted 92% from that peak. To regain its all-time high, an investor would need to purchase 64,516 BONE tokens with an initial investment of $79,354.

Read Also: SHIB News: Shibarium Launch Date Confirmed By Shiba Inu Lead Developer

LEASH, with a token supply of 107,566, is a deflationary token that debuted in April 2021. It swiftly achieved an all-time high of $8,983 a month later but has now declined by 95.35% from that peak.

Both BONE and LEASH have the potential to make investors millionaires, but it’s important to consider that the cryptocurrency market is volatile, and there is no certainty that each token will reach its all-time high.

What Does the Future Hold for BONE and LEASH?

The future of BONE and LEASH is currently unknown, but several factors could lead to an increase in their prices.

One such factor is the imminent release of Shibarium, a layer-2 scaling solution for the Shiba Inu ecosystem. Shibarium aims to reduce transaction fees and improve the overall efficiency of the ecosystem. This development may create higher demand for BONE and LEASH, as they will be used to pay for Shibarium transactions.

The ongoing development of the Shiba Inu ecosystem, including initiatives like the ShibaSwap decentralized exchange and the Shiboshi NFT collection, could also drive up the price of BONE and LEASH. These endeavors have the potential to attract new investors to the ecosystem and increase demand for the tokens.

However, it’s important to note that investing in BONE and LEASH carries risks. The cryptocurrency market is volatile, and there are no guarantees that these tokens will reach their all-time highs. Additionally, since the Shiba Inu ecosystem is still in its early phases, its long-term success is not guaranteed.

Read Also: Shiba Inu Strengthens SHIB Ecosystem with New Strategic Partnership: Details

In summary, the future of BONE and LEASH remains uncertain. While there are factors that could potentially increase the prices of these tokens, it is essential for anyone considering investing in BONE or LEASH to conduct thorough research and understand the associated risks.

Disclaimer: This article is not financial advice. Please conduct your own research before making any investment decisions.

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The post Shiba Inu Ecosystem Tokens (SHIB, LEASH, BONE): Can They Make You a Millionaire? appeared first on Times Tabloid.

This is courtesy of a popular decentralized non-custodial wallet application — Bermuda — which supported Shiba Inu (SHIB) anonymous transfers across wallets in January 2023.

BONE Now Supported in Bermuda Privacy Wallet

An exciting and positive development recently reached the Bone Shibaswap (BONE) token. Per a Monday update, the Shiba Inu ecosystem token has gained support in the Bermuda privacy wallet alongside the stablecoin, DAI.  

This development comes two months after Bermuda integrated the second-largest decentralized meme token Shiba Inu (SHIB) into its privacy protocol. 

“Slight change of plans… but $DAI and $BONE have just been listed in the Bermuda Privacy Wallet! Hold, swap or send them with complete privacy,” Bermuda Twitter handle updated. 

Slight change of plans… but $DAI and $BONE have just been listed in the Bermuda Privacy Wallet!

Hold, swap or send them with complete privacy!https://t.co/Y0zvwUPrzt pic.twitter.com/27oVaTZ6dH

— Bermuda ($BMDA) (@BermudaEth) March 27, 2023

Notably, Bermuda is a non-custodial privacy-driven decentralized application (DApp). This means that users can now shuffle BONE without their wallet addresses, identity, and other personal information being revealed to any third party when they use the Dapp.

With this high level of privacy being attached to transactions involving the Bone Shibaswap governance token, deep-pocket whales and top players concerned about privacy may shift their attention to BONE. 

Of course, this could fuel a massive rally in the price of the Shiba Inu ecosystem token similar to the recent Shibarium-inspired price surge. Recall that Crypto.com recently enabled BONE to be used for payments in over 80 million merchants worldwide. 

The increasing adoption of BONE follows the news that the token would be the only gas currency in the upcoming Shibarium project ecosystem. 

Bermuda To Support Shibarium

To add icing on the cake, Bermuda hinted at possible future support for the upcoming Shiba Inu layer-2 scaling solution. 

“We will be releasing a cross-chain update in the coming months and will be supporting a number of L1’s and L2’s,” Bermuda wrote in response to a user who asked to know their plans for Shibarium.

We will be releasing a cross-chain update in the coming months and will be supporting a number of L1's and L2's

— Bermuda ($BMDA) (@BermudaEth) March 27, 2023

Live on beta testnet, Shibarium is expected to be launched on mainnet later this year. As, the project’s full documentation is completed and several validators have been granted access to run the Shibarium Beta testnet.

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Crypto.com App Lists Bone ShibaSwap (BONE)

On Friday, BONE — the native and governance token of the Bone Shibaswap ecosystem — landed the Crypto.com trading App which supports over 250 cryptocurrencies. 

Accordingly, Crypto.com App users can now trade the Shiba Inu-related crypto asset at true cost with more than 20 popular fiat currencies including USD, EUR, and GBP.  

As per the listing announcement, the Shiba Inu community and other crypto users can now spend BONE at more than 80 million merchants globally using the Crypto.com Visa Card.

Bone Shibaswap listing comes as a way to appreciate the Shiba Inu community for their constant support for the Crypto.com exchange. “Thanks for the support ShibArmy,” Crypto.com CEO Kris Marszalek tweeted, citing the BONE listing update. 

Thanks for the support #Shibarmy https://t.co/od0lRghCdt

— Kris | Crypto.com (@kris) March 3, 2023

It’s worth noting that Shiba Inu (SHIB) constitutes a greater percentage of assets held on the Crypto.com App. Particularly, the second-largest decentralized meme token constitutes roughly 18% of the exchange’s total reserve.

It is also the third-largest holding on the exchange following Bitcoin (BTC) and Ethereum (ETH). But as of December 7, 2022, both Bitcoin and Shiba Inu had the same reserve ratio of 102% per Crypto.com’s proof of reserve update. 

Notably, on February 28, the volume of Shiba Inu on the trading platform touched $677 million, surpassing that of USD Coin (USDC).

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The post Crypto.com Enables Shiba Inu Community to Spend BONE at Over 80 Million Merchants appeared first on Times Tabloid.

As disclosed in a tweet, NOWNodes is set to support Bone Shibaswap (BONE) alongside many other top crypto projects like Bitcoin, Cardano, VeChain, Ethereum, and Terra Classic. 

BONE is the governance token of the Shibaswap decentralized marketplace used for voting on ecosystem proposals. The token will also be employed as the ‘gas’ of the upcoming Shibarium protocol. 

The Twitter update read, “Great news for BONE Army. BONE is going to be listed on NOWNodes. BONE is one of the three ShibaSwap DEX tokens and a governance token that allows the team to vote on upcoming proposals. Dive in to access the ETH node via free API key and build on BONE.”

Great news 4 @BONEARMY1$BONE is going to be listed on @NOWNodes #BONE is one of the3⃣@ShibaSwapDEX tokens & a governance token which allows the team to vote on upcoming proposals

Dive in to access the #ETH node via free API key & build on $BONE https://t.co/JjtHLaZnAo pic.twitter.com/txBWo2Y0Cv

— NOWNodes (@NOWNodes) August 3, 2022

Read Also: Top Canadian Exchange Enables Trading For the Shiba Inu Ecosystem Token, BONE

BONE Shibaswap Gains More Adoption

NOWNodes is a blockchain solution that provides fast and easy access to over 40 most popular blockchain nodes and block explorers.

According to NOWNodes, the service maintains 45 full nodes, and developers can access all of them via one single API key. 

The firm’s listing of BONE means that developers will now be able to access Ethereum (ETH) full node via a free API key and build on the BONE network. An Ethereum node is a tool that allows developers to browse the blockchain.

Read Also: Shiba Inu Ecosystem Token BONE Breaks Record of Over 50,000 Holders

As BONE aims to hit $1 in price per token, it has been listed on several renowned crypto marketplaces. Businesses have also adopted the token as a payment method. At the time of writing, Coinbase data shows that Bone Shibaswap is trading for $0.91. 

While the Shiba Inu community awaits the launch of the layer 2 protocol, Shibarium, the team noted that BONE will serve as the gas. The total supply of BONE has been pegged at 250 million.

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According to the data from Etherscan.io, the number of unique BONE token addresses is now standing at 50,106. Although it’s a new token, the investors’ interest in it has been exceptional lately.

Why the Increase in Demand for Bone ShibaSwap?

The demand for BONE, the Shiba Inu ecosystem governance token, started increasing when the potential launch of Shibarium (Layer 2 Solution) was hinted at by Unification XFUND.

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In late June 2022, the blockchain firm confirmed via a blog post that the Shibarium Public Beta testnet is slated for deployment in the third quarter of this year.

In the upcoming project, the BONE token would be used as a native gas token on the Layer-2 solution, Shibarium. This implies that all SHIB holders would need BONE tokens to initiate transactions on Shibarium. Since it’s a governance token as aforementioned, it gives Shiba Inu community members the ability to vote on upcoming proposals.

Read Also: ALL Shiba Inu Ecosystem Tokens (SHIB, BONE, LEASH) Can Now Be Traded on Switchere Exchange

For instance, the community recently voted in favor of halting the minting of BONE tokens at 230 million coins to reserve the remaining tokens for validators. Howbeit, instead of halting the minting of BONE, the team decided to adjust the current minting rate to 1 BONE per block to avoid over-minting of the token.

Additionally, the team at the Shiba Inu community is planning to release a new reward token codenamed TREAT, which will serve as ShibaSwap Rewards in place of BONE.

It’s also worth noting that BONE is getting support from several exchanges and crypto payment gateways, such as the recent support of a Canada-based exchange Biconomy Global, and many others.

Considering the upcoming developments, BONE is expected to see a massive boost in exposure, which would attract more investors.

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Important Notice in Regards to BONE Farms

Read more…https://t.co/tqL95t16sj

— Shib (@Shibtoken) July 16, 2022

BONE Token Farms 

On June 26, the proposal to halt all BONE token farming, upon reaching the 230 million minted BONE mark, passed.

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This implies that community members voted against the over-minting of BONE to an increased total supply of 270 million tokens. 

Following this decision made by the community, the total supply of BONE will be pegged at 250 million. 

Whereas, 20 million BONE tokens will be earmarked from validators’ roles, rewards, and other operations on the upcoming Shibarium protocol. 

To ensure the integrity of the DOGGY DAO vote, Team Shiba Inu reported on Saturday that the new BONE token minting rate will be 1 BPB (BONE Per Block). This will further prevent the over-minting of BONE beyond 230 million as approved. 

Although this development will drastically affect the current reward system, the team believes that it is necessary to protect the overall integrity of the ecosystem. 

Per the announcement, “the adjustment will allow for ShibaSwap rewards to continue, in anticipation of the upcoming reward token TREAT, which is set to enter the ecosystem soon.”

“We understand reducing the BPB down may seem like a drastic approach to the rewards system right now, but to begin streamlining the future of ShibaSwap, this will allow the team to focus on the tasks that will bring these systems to life sooner rather than later,” Team Shiba Inu added. 

See Also: Top Canadian Exchange Enables Trading For the Shiba Inu Ecosystem Token, BONE

Future Developments 

BONE is the governance token of the Shibaswap decentralized marketplace. The token is widely used in the Shiba Inu ecosystem for rewards and farming purposes. Interestingly, BONE will be employed as the ‘gas’ of the upcoming Shibarium protocol. 

To note, Shibarium is a Layer 2 solution currently being developed by Shiba Inu developers, and the xFUND team. As hinted by Shytoshi Kusama, the project will be launched in 2022 alongside the SHIB Metaverse, Shiba Collectible Card Game, and the reward token, TREAT. 

In other news, on-chain Shiba Inu holders are increasing as the number recently crossed the 1.2 million mark. Meanwhile, Shiba Inu is working with Exo Viewer and PlaySide Studios to introduce something very interesting.

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The post Shiba Inu Team Steps in to Prevent BONE Token Over-Minting: Details appeared first on Times Tabloid.

BONE Listed on Biconomy Global Exchange 

On July 12, the Biconomy crypto marketplace announced the listing of BONE with a BONE/USDT pair. Therefore, ShibArmy and other users can now buy and sell this Shiba Inu ecosystem token on the top crypto exchange.

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New HOT Listing on #BiconomyExchange
We are glad to list #BONE – @Shibtoken with $BONE/ $USDT Pair

$BONE is a governance token of the Shibaswap ecosystem which will allow the #ShibArmy to vote on upcoming proposals.
Trade Now – https://t.co/NqhCzwgMDq pic.twitter.com/EC48rW8VMX

— Biconomy Global (@Biconomy_Global) July 12, 2022

Alongside this listing, the Canadian exchange has staged an airdrop campaign with a whopping 5000 BONE tokens to be given out as rewards for completing some social tasks.

To note, BONE is the governance token of the Shibaswap ecosystem through which community members cast their votes on proposals. More so, the more BONE tokens a user holds, the higher the user’s vote weight.

As revealed in Shiba Inu’s WoofPaper, BONE has a circulating supply of 250,000,000 tokens. Before now, BONE was only available for trading on the Shibaswap DEX. 

However, the Shiba Inu ecosystem token has gained support from several popular crypto exchanges lately.

Read Also: Canada-based Payment Firm Lists SHIB, BONE, and LEASH As Shiba Inu Returns as One of the Most Traded Tokens

In April, Bikan, a Singapore-based crypto exchange enabled the trading of all tokens in the Shiba Inu ecosystem including, BONE, LEASE, and SHIB. 

Another BONE listing came in late June when Switchere, an Estonian crypto exchange onboarded all three tokens on its platform for trading. 

Recently, the Canada-based crypto payments platform FCF Pay officially listed all the tokens of the Shiba Inu ecosystem, including SHIB, BONE, and LEASH.

About Biconomy Global

Biconomy global is a cryptocurrency exchange platform that provides global cryptocurrency trading services for several digital assets. Biconomy is a leading exchange in terms of the daily trading volume. Being licensed in the United States and Canadian markets, the exchange prides itself as the safest platform to exchange cryptocurrency and build a digital portfolio.

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