- Binance’s latest move to interest the Shiba Inu ecosystem’s management token has sparked rumors that a Binance listing is pending for this meme coin.
Binance, the world’s largest cryptocurrency exchange by trading volume, recently became the management token of the Shiba Inu ecosystem. Bone ShibaSwap (BONE) Enabled price tracking for
Shiba Inu (SHIB) The fact that its community is now able to track the price movements of SHIB’s management token BONE has led to speculation whether the exchange will eventually list the token on its platform for trading purposes.
Koinfinans.com As we have mentioned, the Shiba Inu BONE tokenIt has received a lot of attention from the community as SHIB is a gas token of the upcoming layer-2 protocol Shibarium and news about the potential launch of the platform was discussed on all social media platforms.
At the beginning of June, Seychelles-based BTCEX Exchange officially announced the listing of Bone ShibaSwap (BONE).
Following this, Shiba Inu supporters began to wait for the potential listing of Bone ShibaSwap on the world’s leading crypto exchange in terms of trading volume.
The Shiba Inu team previously announced that there will be only 250 million BONE tokens in circulation. However, with the upcoming Shibarium launch shibarium and 20 million for validator roles BONE token needs. Doggy DAO is voting on whether the team should stop the production of BONE at 230 million and keep the rest at Shibarium or increase the supply to 270 million Currently, the majority of voters (98%) choose the first option, namely BONE token tends to stop its supply at 230 million. Voting will end on June 26.
BONE is expected to play an important role in Shibarium. The cryptocurrency will reportedly be used as a native “Gas Token” in the SHIB Layer-2 solution, which will provide the necessary functionality to process/execute smart contracts and transactions. BONE currently acts as ShibaSwap’s governing icon, allowing the SHIB Army to vote on upcoming proposals. The more BONEs investors have, the more power they have over these possible decisions.
Bright days await the Shiba Inu?
SHIB still seems to be a favorite among Ethereum whales. According to data available on Whalestats, SHIB still holds its place as the highest held token among the top 100 ETH whales. The whales are most likely waiting for a pump due to the anticipation of the Shibarium launch.
Binance has also shown its love for the most popular dog-themed token many times before. As reported by KoinFinans; This month, Binance Learn and Earn launched a mega promotion to reward new users with 45,000 SHIB tokens with 100% APY.
The Shiba Inu is trading at $0.00001012 at the time of writing, up 16 percent from the last seven days and 62 percent from the previous year. However, the project is still trading 88.1 percent below its all-time high of $0.000008616.
You can check the price movements 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.