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Bone ShibaSwap Stats

Name: Bone ShibaSwap
Price: $0.46
Ticker: (BONE)
Rank: 286
Circulating Supply
249 Million
Total Supply
230 Million
Max Supply
250 Million
Marketcap
114 Million
24H Volume
3.41 Million
Heat Level
-8.2°c
Asset Type
Token
Website Speed
Fast
24H High
$0.478
24H Low
$0.45
Following: 7
Follower: 3.7M
Coming Soon

Bone ShibaSwap Heatmap

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Bone Shibaswap Review

Bone ShibaSwap (BONE) is a decentralized governance token for the ShibaSwap decentralized exchange (DEX). Holders can vote on proposals to change the ShibaSwap protocol, such as adding new features, adjusting fees, or distributing rewards. BONE can also be staked to earn rewards in other tokens, such as Shiba Inu (SHIB) and Leash (LEASH).

Is a DEX that allows users to trade cryptocurrencies without the need for a centralized intermediary. DEXs are powered by smart contracts, which automatically execute trades when certain conditions are met. This makes DEXs more transparent and secure than centralized exchanges.

ShibaSwap was launched in July 2021 and quickly became one of the most popular DEXs in the world. The DEX is currently ranked 10th by trading volume. ShibaSwap offers a variety of features, including:

  • Swapping: Users can swap over 10,000 cryptocurrencies on ShibaSwap.
  • Staking: Users can stake their tokens to earn rewards in SHIB, LEASH, and other tokens.
  • Farming: Users can stake their tokens in liquidity pools to earn rewards in BONE and other tokens.
  • Liquidity mining: Users can provide liquidity to ShibaSwap's liquidity pools to earn rewards in BONE and other tokens.

BONE is an important part of the ShibaSwap ecosystem. BONE holders can vote on proposals to change the ShibaSwap protocol, which gives them a say in how the DEX is run. BONE can also be staked to earn rewards in other tokens, which provides an incentive for users to hold BONE.

Benefits of BONE

BONE offers a number of benefits, including:

  • Decentralization: A decentralized governance token, which means that it is not controlled by any single entity. This makes it more resistant to censorship and manipulation.
  • Transparency: All transactions are recorded on the Ethereum blockchain, which makes them transparent and verifiable.
  • Security: Secured by the Ethereum blockchain, which is one of the most secure blockchain networks in the world.
  • Utility: A number of use cases, including governance, staking, farming, and liquidity mining. This gives BONE holders a variety of ways to use their tokens.

Risks of BONE

BONE is a cryptocurrency, which means that it is volatile and risky. The price of BONE can fluctuate wildly, and there is always the risk of losing money when investing in cryptocurrencies.

Another risk to consider is that the ShibaSwap DEX is still relatively new. This means that there is a risk of bugs or other problems with the DEX. Users should carefully consider the risks before using ShibaSwap or investing in BONE.

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