shiba inu According to a new announcement from the team, the SHIB community has made its decision regarding BONE farming. Farms capped at a total of 250,000,000 tokens are capped at 230,000,000 by the new vote, and the remaining 20,000,000 tokens will be kept for validators.
About 98% of community members voted in favor of the proposal through the decentralized autonomous organization Doggy DAO. The alternative in the vote was to increase the circulating supply to 270 million tokens.
The voting, which lasts about a week, will play a crucial role in the development of Shibarium.card.
Governance token of the ecosystem BONNETwill be used as a native gas token by the much anticipated Tier 2 scaling solution, meaning it will need to perform transactions on top of the blockchain.
Verifiers are rewarded with BONE tokens for their validation. To keep the network up and running, it was decided that the community would secure 20 million tokens.
shibarium The launch of beta testing of the Tier 2 solution is also expected in the third quarter of 2022.
Shibarium’s goal was set to significantly lower the Shiba Inu’s transaction fees. The lack of scalability remains one of the major problems faced with the largest altcoin, the Ethereum blockchain.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.