Members of the Shiba Inu (SHIB) community and holders of the BONE Shibaswap token (BONE) can now move the governance token to any wallet anonymously.
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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