Last Updated on January 18, 2023 by Bitfinsider
The utility token Bone ShibaSwap (BONE), which will be used for Shibarium’s transaction fees and other expenses, is currently trading for $1.39, up 57% over the previous two weeks and 98% over the previous month.
The BONE announcement was made earlier this month by the Shibarium developers.
The Shibarium project developers stated: “This is to confirm and validate, from us, the official source, that BONE is and remains the only token selected for gas fees and use. No other tokens will be necessary to operate within the protocol.”
SHIB is the top altcoin held by the 1,000 greatest ETH whales, according to tracking blockchain service WhaleStats, when ETH itself, as well as the stablecoins Tether (USDT) and USD Coin (USDC), and Lido Staked Ether are excluded (stETH).
A rush of announcements from the Shiba Inu team precede the whale activity. The new Shiba Inu metaverse will be unveiled, according to developers, at the Austin, Texas, SXSW music and film festival in 2023.
A virtual reality tour of the WAGMI Temple, one of the 11 hubs in Shiba Inu’s metaverse that chronicle the past of Dogecoin’s (DOGE) rival, will be featured in the exhibition.
“Immersion in WAGMI Temple will be a welcome respite from the nonstop action of SXSW. WAGMI Temple – named after the crypto rallying cry of ‘We’re All Going to Make It’ – is a Zen-like realm with calming sensations, meditation, natural beauty, and spiritual connections to the world. Echoes whisper through the region, with a rich history and discovery of SHIB’s birth and its decentralized roots,” they added.
The BONE Army recently reported that BONE had a record 67,000 holders.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: Above are some affiliate links and we may collect a share of sales or other compensation from the links on this page.
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.