In a significant development for the crypto community in Indonesia, INDODAX proudly announces the addition of BoneShibaSwap (BONE) to its marketplace, expanding the range of tradable assets available to crypto enthusiasts.
New Crypto Asset on INDODAX
In an official statement, INDODAX expressed its delight at the latest addition, stating, “We are pleased to announce a new crypto Asset that will be added to the INDODAX marketplace, BoneShibaSwap (BONE).” The exchange sees this move as a milestone, further enriching the options for traders and investors in Indonesia.
We are pleased to announce a new Crypto Asset that will be added to the INDODAX marketplace, BoneShibaSwap (BONE) @Shibtoken
For more informationšš» https://t.co/EpH2DygmkI#INDODAX #AsetMasaDepan pic.twitter.com/3eL9R5hZWn
— indodax (@indodax) December 19, 2023
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BONE’s Role as Governance Token
INDODAX shed light on the unique features of BONE, emphasizing its role as the governance token for the Shiba Inu decentralized exchange (DEX) ShibaSwap. According to the exchange, BONE empowers the Shiba Inu community by allowing them to participate in voting for upcoming proposals and gain access to forthcoming NFTs. The influence of an individual’s vote is directly linked to the quantity of BONE tokens they hold.
ShibaSwap and BONE Rewards
The exchange also provided insights into ShibaSwap DEX, mentioning its debut in July 2021. ShibaSwap provides a platform for users to exchange SHIB tokens for other cryptocurrencies, and within this ecosystem, SHIB holders contribute liquidity to earn BONE reward tokens.
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Ethereum Blockchain and Ecosystem Tokens
Highlighting the technical aspects, INDODAX mentioned that the Shiba Inu team built BONE on the Ethereum blockchain, along with other ecosystem tokens like Doge Killer (LEASH). Additionally, BONE serves as the gas token of the Shiba Inu blockchain, Shibarium, with a portion of accumulated BONE tokens routinely deployed to burn SHIB.
Widespread Support and Listings
In addition to INDODAX, BONE has secured support from various prominent trading platforms globally. Recent listings include the Australian exchange GroveX, the Turkish exchange ICRYPEX, and the Czech Republic-based platform Changelly. The Shiba Inu ecosystem token has gained traction, with six exchanges listing BONE in a single week in April.
Continued Growth and Future Prospects
With BONE’s increasing presence on major exchanges and its unique role within the Shiba Inu ecosystem, the cryptocurrency is poised for continued growth. INDODAX and other platforms supporting BONE anticipate heightened interest from the crypto community in Indonesia and beyond. As the Shiba Inu team continues to develop and enhance its ecosystem, BONE holders can look forward to participating in the governance and reaping the benefits of this dynamic and evolving crypto landscape.
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