• Developers have confirmed Bone ShibaSwap (BONE) to be the only gas fee token for the Shibarium Beta launch.
• Unification is working on a Liquid Staking Derivative (LSD) token on ETH and Shiba Inu’s burn rate dropped.
• Ringoshi Toitsu explained that BONE can be staked on Shibarium while receiving a wrapped version of it back, called T-BONE.
Shibarium Developers Launch Bone ShibaSwap (BONE) Proposal
Developers confirmed Bone ShibaSwap (BONE) to be the only gas fee token associated with the launch of Shibarium Beta. Unification is also working on a Liquid Staking Derivative (LSD) token on Ethereum, which has caused Shiba Inu’s burn rate to drop by 92%.
T-Bone Token Announced
Ringoshi Toitsu took to Twitter to explain that $BONE could be staked on Shibarium, while receiving a wrapped version of it back, which is called T-BONE. Ultimately, this means that T-BONE could be paired with $BONE to earn a higher APR and maintain liquidity.
SHIB Burn Rate Cools Down
The lead developer, Shytoshi Kusama, posted an 8-minute long read meant to introduce the world to Shibarium. Following its release, the SHIB Army sent just 2,358,975 SHIB tokens ablaze in 24 hours – representing $30.69.
>Entire Proposal by BigBossCapital https://t.co/bLRqPj5ngk—Ringoshi Tōitsu (@RingoshiToitsu) February 16th 2023.