The governance token for the Shiba Inu ecosystem has gotten a listing on StealthEX. This is another step that SHIB developers are taking, with the goal of launching Shibarium. And it’s coming soon.
BONE comes on board StealthEX
StealthEX is a very fast-growing cryptocurrency exchange with a customized focus. This Cayman Islands-registered entity, offers an easy-to-use, instant cryptocurrency exchange, with no user account registration required. So far, StealthEX has offered more than 600 different coins, including, of course, the most important ones like Bitcoin (BTC) and Ethereum (ETH). As of now, their group is expanding to include BONE, the token of the Shiba Inu ecosystem.
Representatives of the exchange announced the fact of the expansion via their Twitter account on Thursday, November 3. The announcement reads:
“You couldn’t wait for BONE and here it is!
BONE was created as a governance token for ShibaSwapDEX, which allows ShibArmy to vote on a proposal for the future development of the project.
BONE is available for exchange on StealthEX.”
This information comes just after Shiba Inu’s lead developer, known as Shytoshi Kusama, stated that all of his attention will now be devoted to Shibarium. Meanwhile, BONE is an essential part of that project.
BONE and Shibarium
We have written about Shibarium many times before. It is a solution of the second layer of Shiba Inu, allowing to free the potential of SHIB from the limitations that accompany the construction of the project, based on the Ethereum ecosystem. BONE in Shibarium will perform a very important function. This is because it will become a token in which gas fees will be paid.
Because of this utility, as well as the extraordinary popularity of Shiba Inu, many leading exchanges are preparing to list BONE in their space. The Shiba Inu community is participating in, or even running, numerous campaigns to get the attention of Binance and Coinbase representatives so that they, too, will undertake the introduction of BONE within their platforms. We wrote about one such campaign in an article entitled: “Chief programmer Shiba Inu calls on SHIB supporters to help list BONE, on this top exchange”.
High hopes for BONE
Knowing the past history of SHIB and its rally, many investors expect BONE to achieve similar success. Meanwhile, at the time of this writing, the token is trading around $1.03, a level nearly 57% below ATH to date. However, the record value of BONE was reached quite recently, on August 30. Such a situation, given the current bear market, makes long-term optimism around BONE justified.