Shiba Inu (SHIB) Ecosystem Altcoin Adds New Crypto Exchange, Surpasses Bitcoin and Ethereum
A key altcoin in the Shiba Inu (SHIB) ecosystem is coming to a crypto exchange backed by Tron (TRX) founder Justin Sun.
In a new release, crypto exchange Poloniex says it shows Shiba BoneSwap (BONE), the digital asset that will be used to pay for the gas fees of Shibarium, Shiba Inu’s highly anticipated upcoming Ethereum-based (ETH) layer-2 scaling solution.
“BONE wallets will be opened on March 9, 2023 at 10:00 UTC and full trading will be enabled on March 9, 2023 at 11:00 UTC…
BONE is a governance system for the Shibaswap ecosystem that will allow the Shib army to vote on upcoming proposals. The more BONE the wearer has, the more weight their voice carries in these future endeavors. BONE has 250,000,000 tokens and is designed to fit perfectly between the previous two tokens in terms of circulation supply.”
BONE is also the virtual resource used to power ShibaSwap, the decentralized exchange (DEX) of the Shiba Inu ecosystem.
Earlier, crypto exchange platforms Gate.io and Bitget announced they would list BONE while the Shiba Inu community launched a petition to get Binance, the world’s largest digital asset exchange by volume, to support the crypto asset as well.
Although Binance has not responded to the request, it staked four trillion SHIB tokens last month, worth around $35 million at the time, after BONE was announced as Shibarium’s utility.
BONE is trading at $1.75 at the time of writing, up 27% from its seven-day low of $1.37, significantly outperforming Bitcoin (BTC) and ETH, which are currently trading at 21,612 and 21,612 respectively. $1,533, both sharp declines from their weekly and monthly highs.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/klyaksun/WindAwake
