Shiba Inu Ecosystem Token $BONE Improves Through New Listing After Becoming a Top-100 Crypto

Bone ShibaSwap ($BONE), one of the three primary tokens inside the Shiba Inu ($SHIB) ecosystem, has been listed on a major cryptocurrency exchange after its ascent into the top 100 cryptocurrencies by the market value this year.

In a recent release, Gate.io, a major cryptocurrency trading platform with a 24-hour spot trading volume of approximately $700 million, said that it will be launching the BONE/USDT trading pair for its customers.

As reported by CryptoGlobe, BNOE’s price has increased by more than 100 percent this year, putting it into the top 100 cryptocurrencies by market capitalization.

According to Coinbase, the token is a “governance token that seeks to enable Shiba users to vote on the next proposal on Doggy DAO,” which is the decentralized autonomous organization of the ShibaSwap platform.

Using ShibaSwap, BONE token holders may receive incentives for providing liquidity to the network, and users can exchange their ERC20 tokens for other currencies. Also, BONE token holders may stake on the platform to earn income.

The team behind Shibarium has revealed that every transaction on the network would demand BONE to pay for gas expenses, and will burn SHIB to make it harder to find.

Prior to the anticipated release of Shibarium, the token’s price has risen.  As reported by CryptoGlobe earlier this month, SHIB was included in Binance’s Proof of Reserves verification mechanism with Polkadot’s ($DOT) native token and other cryptocurrencies.

The Proof of Reserves method on Binance simply enables customers to prove using a cryptographic technique known as a Merkle Tree that the cryptocurrency exchange has assets in reserve to back their deposited payments.

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