BONNETIt has been on a steady rise since June 10 after bottoming out at $0.665. From this low, the price of BONE has doubled. However, it gained 100%, reaching $1.16 in today’s trades.
BONE’s steady rise has gained momentum in the last 24 hours after Shytoshi Kusama made several announcements.
At the time of this writing, BONE was at $1.14, up 8.99% in the last 24 hours. The token has likewise increased by over 25% weekly. Considering the recent market sales, the crypto market remains in the red. That’s why earnings continue to matter. BONE currently outperforms other dog-themed tokens.
Shibarium Launch Date Announced
Shiba Inu leader Shytoshi Kusama revealed in a blog post Thursday that the much-anticipated Layer 2 blockchain shibariumannounced a possible date for the mainnet launch of . The Tier 2 network will use BONE as a gas token. Kusama highlighted the discussions and the possibility of launching the highly anticipated Shibarium layer 2 solution at the Blockchain Futurist Conference to be held in Toronto this August.
Shibarium’s testnet Puppynet has seen impressive activity since its launch on March 11, with a total of 27,615,393 transactions from over 17 million wallets. It is possible that the impressive activity on the Shibarium testnet indicates that there is a demand for the network.
BONE Governance Role Defined
In a recent blog post, Shiba Inu leader Shytoshi Kusama described the role of BONE governance in Shiba Inu decentralization with an exciting update. As Kusama points out, BONE manages and supports technology in the community.
Kusama, DAO’s shiba inu announced that the administration of the system will be divided into four sections, one for each base token in the Shiba Inu ecosystem, to ensure that it gives an equal voice to all members of its community. He gave an overview. Shib manages the community itself, Bone manages and supports technology in the community (example: Shibarium gas fee). Leash oversees the protection of the community and also provides privilege. Treat manages and develops community projects.