In a significant update that’s set to shake up the Shiba Inu (SHIB) ecosystem, Lucie, the official social media marketing lead for the Shiba Inu development team, has underscored the pivotal role of the Bone Shibaswap (BONE) token in the Shibarium network. With a reputation for impactful announcements in the cryptocurrency world, Lucie’s latest revelations are creating waves within the SHIB community.
BONE Token – The Backbone of Shibarium
Lucie’s message to SHIB enthusiasts is clear: the BONE token is not just another asset but a cornerstone for everything built on Shibarium, the Layer-2 solution designed to enhance SHIB’s scalability and functionality. In her recent tweet, she emphasized, “Everything on Shibarium relies on BONE.” According to Lucie, BONE is integral for all operations and upgrades within this blockchain environment, making it an essential component for anyone engaging with Shibarium.
The significance of BONE extends beyond its operational role; it’s also crucial for the SHIB burn mechanism. Lucie explained that all gas fees on Shibarium are settled in BONE, and a portion of these fees is automatically converted into SHIB tokens, which are then burned. This process, facilitated by the newly launched SHIB burn portal on Shibarium, helps to reduce the total supply of SHIB, enhancing its value over time.
Shiba Eternity Beta – A Milestone Achievement
Lucie’s updates didn’t stop at BONE’s importance. She also celebrated a major achievement for Shiba Inu’s Shiba Eternity mobile game, which recently reached a significant milestone in its closed beta phase. Exclusively available to LEASH token holders, the beta has seen the minting of an impressive 140,000 NFTs on Shibarium. This accomplishment not only showcases the platform’s capability but also its scalability.
Moreover, the cost-efficiency of Shibarium was highlighted, with the minting of these NFTs requiring just 800 BONE in gas fees, translating to approximately $310. Lucie pointed out that this low transaction cost is a testament to Shibarium’s suitability for large-scale NFT projects, making it an attractive option for developers and creators.
Despite the impressive feat, Lucie mentioned that the 800 BONE fees were sponsored, though the identity of the sponsor remains undisclosed. This sponsorship underscores the growing support for Shibarium and its potential to drive significant engagement within the SHIB ecosystem.
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Looking Ahead
With over 1.4 million Shiba Inu holders actively engaging with Shibarium, the platform’s low transaction fees and robust capabilities are positioning it as a major player in the blockchain space. Lucie’s updates not only highlight BONE’s critical role but also set the stage for exciting developments on Shibarium, promising a dynamic future for the Shiba Inu community.
As the SHIB team continues to innovate and expand, keeping an eye on these developments will be crucial for anyone invested in the Shiba Inu ecosystem. The synergy between BONE, Shibarium, and Shiba Eternity is set to drive forward the next wave of growth for SHIB and its associated tokens.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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