Bone Farming Archives - Cryptolifedigital

Shiba Inu Ecosystem Thrives: Shibarium’s Resurgence Sparks Optimism Amidst Cryptocurrency Bull Market

5Dec

By Daniel AbangNo Comments

Shiba Inu

Shiba Inu Ecosystem Thrives: Shibarium’s Resurgence Sparks Optimism Amidst Cryptocurrency Bull Market

In a notable development within the Shiba Inu ecosystem, several key releases have taken place during the bear market, with the introduction of the Shibarium layer-2 network standing out. Designed as an Ethereum-based layer-2 solution, Shibarium is designed to offer users faster transactions and more economical fees, aligning with the broader trend in the cryptocurrency space. Shibarium's Milestone Achievement Since its launch in August, Shibarium has achieved noteworthy milestones, processing a remarkable three million transactions within a few weeks. While the initial adoption phase witnessed a gradual slowdown, the recent resurgence of the cryptocurrency bull market has breathed new life into Shibarium. Over the past three days alone, the network has recorded an impressive 20 million ...

Shibarium Achieves Significant Milestone with 20 Million BONE Token Delegation and 12 Validators on Board

28Aug

By OLAJIDE SAMUELNo Comments

Shiba Inu

Shibarium Achieves Significant Milestone with 20 Million BONE Token Delegation and 12 Validators on Board

In a remarkable feat of decentralized network growth, Shibarium has hit a significant milestone as the Shiba Inu Community rallies together to delegate an impressive 19.82 million BONE tokens, valued at approximately $26.56 million, on the Shibarium Network. This achievement showcases the community's strong commitment to the project and marks a significant step towards enhancing the security and functionality of the network. Almost 20 Million BONE stake in the Shibarium Shibarium Tech, the driving force behind this innovative network, proudly announced the achievement on its official website. This substantial delegation amounts to an impressive 7.93% of the total supply of BONE tokens, underscoring the community's dedication to the success of Shibarium. Read Also: Shibarium Relaunch a...

Shiba Inu’s BONE Token Anticipates Binance Listing Following Contract Renouncement

1Aug

By CryptolifedigitalNo Comments

Shiba Inu

Shiba Inu’s BONE Token Anticipates Binance Listing Following Contract Renouncement

As the highly-anticipated mainnet launch of Shibarium approaches, the Shiba Inu development team is making essential preparations to ensure a smooth rollout. In the latest update by Shytoshi Kusama, the founder of Shiba Inu, there is speculation that Binance, the world's largest crypto exchange, may finally list the ecosystem's top token, BONE. https://twitter.com/ShytoshiKusama/status/1686050448233447435 Reason for the delay in BONE listing By Binance Stated BONE holds a critical position in the Shiba Inu ecosystem, serving as the governance token for ShibaSwap and the designated gas token for Shibarium. Despite its significance, BONE has not yet been listed on the top five trading platforms, including Binance. Read Also: Shiba Inu Extends Warm Invitation to Elon Musk for Blockcha...

BONE (ShibaSwap Governance Token) Defies Bearish Trend Amidst Growing Excitement for Shibarium Launch

29Jul

By CryptolifedigitalNo Comments

Shiba Inu

BONE (ShibaSwap Governance Token) Defies Bearish Trend Amidst Growing Excitement for Shibarium Launch

The native governance token of the ShibaSwap decentralized exchange (DEX), BONE, has been on a remarkable bullish rally, standing tall against the prevailing bearish market trend. Since June 12, BONE has surged by an impressive 110%, becoming a centre of attention within the Shiba Inu ecosystem, especially with the highly anticipated launch of the Shibarium mainnet drawing closer. Let's delve into the significant events and milestones that have shaped BONE's incredible journey in recent months. BONE's Rocky Journey and Remarkable Comeback After reaching its yearly peak of $2.1092 on February 21, BONE experienced a sharp decline, plummeting to a shocking low of $0.6650 on June 10. However, the asset swiftly engineered a remarkable comeback, reclaiming its lost gains and sparking renewed i...

Bone ShibaSwap (BONE) Adoption Soars in the Netherlands, Among Top Cryptos in the Country

18Jul

By OLAJIDE SAMUELNo Comments

Shiba Inu

Bone ShibaSwap (BONE) Adoption Soars in the Netherlands, Among Top Cryptos in the Country

The Bone ShibaSwap (BONE) governance token, a key component of the Shiba Inu ecosystem, has witnessed a remarkable surge in adoption among individual investors and cryptocurrency exchanges. As the highly anticipated Shibarium launch draws near, the Netherlands has emerged as a significant hub for BONE adoption. According to CoinGecko, a leading crypto-tracking platform, BONE ranks among the most-watched digital assets in the country, securing the second position in popularity within the Shiba Inu ecosystem token category. Read Also: Terra Classic Tokens LUNC and USTC Record Significant Surges, Fueling Market Enthusiasm CoinGecko Report Highlights Netherlands Growing Interest in Crypto Assets Including BONE CoinGecko's analysis, which focuses on web page views from January 1 to July 9,...

BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman

4Jul

By OLAJIDE SAMUELNo Comments

Shiba Inu

BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman

In a recent tweet, well-known crypto enthusiast Eric Cryptoman has drawn attention to the remarkable performance of Bone ShibaSwap's native gas token, BONE, which has surpassed the market giants Ethereum (ETH) and Bitcoin (BTC) by a factor of 4x. Cryptoman, renowned for his support of unconventional cryptocurrencies, highlighted the liquidity and potential investment attractiveness of BONE, further speculating on its prospects. Read Also: Terra Classic Community Divided Over Proposal To Appoint Binance CEO CZ As Ecosystem Leader Cryptoman Expresses bullishness towards BONE. Cryptoman's tweet, accompanied by a screenshot displaying an impressive 16.73% surge in the value of BONE, serves as a follow-up to his previous post from last month. In that post, he identified a support level for...

Shiba Inu Team Follows The result from Doggy DAO On The BONE Farms Proposal By Adjusting Minting To 1 BONE Per Block

16Jul

By Cryptolifedigital4 Comments

Shiba Inu

Shiba Inu Team Follows The result from Doggy DAO On The BONE Farms Proposal By Adjusting Minting To 1 BONE Per Block

Shiba Inu aims at preventing the over-minting of BONE, the governance token. They decided to make the new mint to be 1 BONE per Block. https://twitter.com/Shibtoken/status/1548167469436522497 20 Million BONES To Be Reserved Recall, the vote cast earlier in June, where the community was to decide on either to continue the minting of the bone till it reaches fix supply of 270 million or the burning of BONE should be halted at the 230 million Bone as the fixed supply of BONE is 250 million. The community trying to reserve a total of 20 million for the validator's reward and the maintenance of the Shibarium. Read also: CryptoBar P2P In Tokyo Announces support on XRP The decision made on June 26th was in favor of halting the burning of Bone at 230 million while the remaining 2...

Shiba Inu Announces Bone Farming Proposal and In Favor Of Halting Bone Farming Once Reach 230 Million

28Jun

By Cryptolifedigital4 Comments

Cryptocurrency

Shiba Inu Announces Bone Farming Proposal and In Favor Of Halting Bone Farming Once Reach 230 Million

The just-concluded voting in the Shiba Inu community has really favored the farming of the only 230 million tokens as the remaining 20 million are reserved for the validators. As reported by cryptolifedigital, to reserve 20 million for the validators and maintenance of the Shibarium was given two options; either the Bone farming should stop on reaching the 230 million or the fixed supply should be extended to a total of 270 million tokens. Read Also: Terra USTC Returns To The Top 100 Crypto As It Spikes Almost 400% In The Last 24 Hours The reserve of 20 million was favored by 97.88% vote while the minting of another 20 million Bone token has 2.12% vote. The vote, which took a whole week will play an important role in the growth of Shibarium. Bone as the governance token will ...