Shibarium, Shiba Inu’s layer-2 scaling solution, is poised to be the ecosystem’s most significant catalyst. Currently in beta, its mainnet launch timeline remains undisclosed. While initial announcements suggested a 2023 release, Shiba Inu lead developer Shytoshi Kusama recently confirmed that audits will precede the launch.
Once live, Bone ShibaSwap (BONE) will play a pivotal role in the SHIB ecosystem as the exclusive token for paying Shibarium’s gas fees—adding a critical utility layer to every transaction on the network.
Debunking FUD Around BONE Listings
Despite its importance, BONE remains absent from top-tier centralized exchanges like Binance and Coinbase, trading predominantly on decentralized platforms (e.g., Uniswap) and mid-tier exchanges (Huobi, Gate.io, OKX, Bitget, MEXC). This sparked rumors (FUD) that the token’s smart contract must be relinquished for major listings—a claim firmly dismissed by Shiba Inu developer Ragnar Shib (@RagnarShiba).
Key Clarifications:
- Contract Retention: BONE’s contract cannot be abandoned, as it enables minting rewards for Shibarium validators (20M of 250M total supply reserved).
- Exchange Requirements: Ragnar confirmed that existing BONE listings faced no issues regarding contract non-relinquishment, asserting the same would apply to top exchanges.
- Adoption Roadmap: The team is actively pursuing broader exchange listings to amplify reach and utility, with some platforms awaiting Shibarium’s mainnet launch for further validation.
"Exchanges are awaiting Shibarium’s mainnet deployment for additional testing. Progress is steady—stay strong, ShibArmy!" — Ragnar Shib
At press time, BONE traded at $0.8818.
FAQ Section
Why isn’t BONE listed on Binance or Coinbase?
Exchanges may be delaying until Shibarium’s mainnet launch completes testing. The team confirms ongoing efforts to secure listings.
Is BONE’s contract really a barrier to exchange listings?
No. Ragnar clarified that retained contracts are essential for validator rewards and pose no obstacle to listings.
What’s BONE’s role in Shibarium?
It’s the sole gas fee token, ensuring demand and utility for all network transactions.
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