On Wednesday (August 31), $BONE, the governance token of the Shiba Inu ecosystem, got listed on one more centralized exchange.
Here is what Binance Academy says about Shiba Inu:
“Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who designed SHIB to be an alternative to Dogecoin (DOGE) on the Ethereum blockchain.
“SHIB is an ERC-20 token with a decentralized exchange called ShibaSwap. The SHIB roadmap and ecosystem also features an NFT art incubator called Shiba Artist Incubator, 10,000 ‘Shiboshi’ NFTs, and an NFT game Shiboshi Game.
“Shiba Inu had an initial circulating supply of 1 quadrillion tokens. Ryoshi locked 50% of the token in Uniswap to create liquidity, and sent the other 50% to Ethereum co-founder Vitalik Buterin’s wallet. However, Vitalik decided to burn 90% of the coins and donate the remaining 10% to charity.…
“LEASH is the second token created by Shiba Inu and it’s also on ShibaSwap. With a circulating supply of 107,646 tokens, LEASH was initially used as a rebase token to track Dogecoin’s price. However, SHIB developers decided to change LEASH to an ERC-20 token. LEASH holders can stake their tokens in the liquidity pool and earn xLEASH as rewards.
“BONE is a governance token. It has a supply of 250,000,000 tokens.“
According to data by TradingView, currently (as of 4:34 p.m. UTC on August 31) BONE-USDT is trading around $1.9560, up 96% in the past four days.
The main reason for $BONE’s amazing performance this week is centralized crypto exchanges BlueBit and LBank listing the token on August 29 and August 31 respectively.
Image Credit
Featured Image via Pixabay
