Advertisement
AD

Main navigation

Advertisement

Shiba Inu Token BONE Achieves Listing on Major Fiat-to-Crypto Platform

Advertisement
Fri, 21/07/2023 - 11:56
Shiba Inu Token BONE Achieves Listing on Major Fiat-to-Crypto Platform
Cover image via www.freepik.com
Read U.TODAY on
Google News
Advertisement

In an exciting development for the Shiba Inu community, the ecosystem's token, BONE, has achieved a momentous listing on one of the cryptocurrency industry's major fiat-to-crypto platforms, Changelly. With this new milestone, BONE holders can now take advantage of Changelly's instant exchange services, allowing them to seamlessly buy, sell or exchange BONE for other digital assets or fiat with ease.

Why does BONE matter?

BONE, an integral part of Shiba Inu's decentralized exchange, ShibaSwap, plays a crucial role in the ecosystem as a governance token. Notably, it is also utilized for covering gas fees on the eagerly awaited Layer 2 protocol for Shiba Inu, known as Shibarium.

Related

Advertisement

Once Shibarium is launched on mainnet, all transactions on this layer will be subject to gas fees in BONE. More to the point, the burning of Shiba Inu's primary token, SHIB, will be partly funded by these gas fees.

More adoption

The listing of BONE on Changelly marks a momentous occasion for this  particular Shiba Inu token. Considering the platform's turnover, estimated to reach hundreds of millions of dollars, a significant amount of liquidity is expected to flow into BONE.

Related

This is an all-important event for the Shiba Inu ecosystem, as it opens up new avenues for growth and market presence. Consequently, BONE being available there is likely to fuel the token's adoption, making it more accessible to the broader user base and boosting its popularity and recognition.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD