Bone Shiba Swap (BONE) is a decentralized exchange and automated market maker (AMM) on the Binance Smart Chain (BSC) that allows users to trade various cryptocurrencies. The project aims to provide a more user-friendly and efficient trading experience than centralized exchanges, as well as low fees and high liquidity.
The BONE token was launched in May 2021 and has a maximum supply of 100 billion tokens, with a circulating supply of around 50 billion tokens at the time of writing. The initial token distribution was done through an airdrop to holders of another popular meme token, Shiba Inu (SHIB). BONE is used as the governance token for the Bone Shiba Swap platform, giving holders a say in decision-making and earning rewards for participating in governance.
BONE has other utility functions on the platform, such as being used to pay transaction fees and to provide liquidity for trading pairs. BONE holders can also stake their tokens in pools to earn additional rewards in BONE and other cryptocurrencies.
The community around Bone Shiba Swap is relatively active, with a strong presence on social media platforms such as Twitter and Telegram. The project has also partnered with other projects and influencers in the cryptocurrency space, such as the Shib Army and SafeGalaxy.
As for future developments, the Bone Shiba Swap team has stated that they plan to integrate more features and improvements to the platform, such as expanding the number of supported cryptocurrencies, introducing new trading pairs, and improving the user interface. They also plan to launch their own blockchain, Bone Chain, which will enable more advanced features such as smart contracts and decentralized applications (dApps).
Bone Shiba Swap (BONE) is a decentralized exchange and automated market maker (AMM) on the Binance Smart Chain (BSC) that allows users to trade various cryptocurrencies. The project aims to provide a more user-friendly and efficient trading experience than centralized exchanges, as well as low fees and high liquidity.
The BONE token was launched in May 2021 and has a maximum supply of 100 billion tokens, with a circulating supply of around 50 billion tokens at the time of writing. The initial token distribution was done through an airdrop to holders of another popular meme token, Shiba Inu (SHIB). BONE is used as the governance token for the Bone Shiba Swap platform, giving holders a say in decision-making and earning rewards for participating in governance.
BONE has other utility functions on the platform, such as being used to pay transaction fees and to provide liquidity for trading pairs. BONE holders can also stake their tokens in pools to earn additional rewards in BONE and other cryptocurrencies.
The community around Bone Shiba Swap is relatively active, with a strong presence on social media platforms such as Twitter and Telegram. The project has also partnered with other projects and influencers in the cryptocurrency space, such as the Shib Army and SafeGalaxy.
As for future developments, the Bone Shiba Swap team has stated that they plan to integrate more features and improvements to the platform, such as expanding the number of supported cryptocurrencies, introducing new trading pairs, and improving the user interface. They also plan to launch their own blockchain, Bone Chain, which will enable more advanced features such as smart contracts and decentralized applications (dApps).