Crypto Exchange Gate.io Buys Half a Million Shiba Inu's BONE Token: What You Need to Know
The Shiba Inu community is buzzing with excitement as crypto exchange Gate.io prepares to list Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem. Gate.io recently announced that it would add support to Bone ShibaSwap, marking a significant milestone for the Shiba Inu community.
Gate.io to List BONE: A Major Step for Shiba Inu
Gate.io will list Shiba Inu's BONE token from February 24, announced via the official Shiba Inu Twitter account. This listing on one of the world’s leading cryptocurrency exchanges is a significant win for the #ShibArmy.
Why is BONE Important?
BONE is a governance token of Shibaswap ecosystem which will allow the ShibArmy to vote on upcoming proposals. The more BONE the user holds, the more weight they have in decision-making processes within the Shiba Inu ecosystem. This empowers the community and allows for decentralized governance.
Gate.io's BONE Purchase: Half a Million Tokens
While Gate.io has yet to confirm the exact amount, reports suggest that Gate.io purchased Crypto exchange Gate.io will list Shiba Inu's BONE token from February 24, announced via the official Shiba Inu Twitter account. Gate.io purchased half a million BONE tokens, demonstrating their commitment to the Shiba Inu project. This significant purchase further validates the potential of BONE and the Shiba Inu ecosystem.
BONE and Shibarium: Connecting the Dots
Gate.io enabled BONE bridging on Shibarium, further integrating BONE into the Shiba Inu ecosystem. Notably, the Layer-2’s gas fee token plummeted by 2.9% after an 8.5% weekly rebound rally. According to Bollinger Bands'. The Shibarium integration enhances the utility of BONE and strengthens its position within the Shiba Inu ecosystem.
What Does This Mean for Shiba Inu Owners?
The Gate.io listing and the potential half-million BONE token purchase signify increased exposure and accessibility for BONE. Shiba Inu owners Bone ShibaSwap (BONE) are set to benefit from this increased liquidity and trading volume. This listing could lead to wider adoption and appreciation of BONE within the crypto market.
Stay Tuned for Updates
Keep an eye on the official Gate.io and Shiba Inu channels for further announcements regarding the BONE listing and trading details. The Shiba Inu community is eagerly anticipating the launch and the positive impact it will have on the ecosystem.