What Is Bone ShibaSwap (BONE) and How Does It Work?
Bone ShibaSwap (BONE) is the governance and utility token of the
Shiba Inu ecosystem, created to support decentralized decision-making and power activity across ShibaSwap and Shibarium. Unlike purely meme-driven tokens, BONE has a defined functional role: it allows holders to participate in governance proposals and helps coordinate how the ecosystem evolves over time.
BONE works primarily as a governance token. Holders can vote on proposals related to protocol upgrades, ecosystem incentives, and future developments through the Shiba Inu DAO framework. This gives the community a direct say in shaping ShibaSwap and related products, aligning incentives between users, developers, and long-term supporters.
Beyond governance, BONE plays a core operational role in Shibarium, the Shiba Inu ecosystem’s
Layer-2 network. It is used to pay gas fees, secure network operations, and incentivize validators and delegators. This dual role of governance plus network utility positions BONE as a key infrastructure token rather than just a speculative asset, especially as Shibarium adoption grows.
When Did Bone ShibaSwap Launch?
Bone ShibaSwap (BONE) debuted in July 2021, launching alongside the ShibaSwap decentralized exchange as the official governance and utility token of the Shiba Inu ecosystem. The project was developed by the team behind Shiba Inu (SHIB), originally created in 2020 by an anonymous founder known as Ryoshi, to expand the ecosystem beyond a simple meme coin and introduce community-driven governance and DeFi functionality. BONE’s initial release allowed token holders to participate in decision-making, stake tokens, provide liquidity, and engage more deeply with ShibaSwap’s growth and features.
BONE Roadmap and Key Milestones
- July 2021: ShibaSwap and BONE officially launched to the public.
- 2021–2022: BONE integrated as governance token; staking and liquidity functions activated.
- 2023: Shibarium Layer-2 rollout increased utility for BONE as gas and network fee token.
- 2023–2025: Listings on major exchanges and ecosystem expansions via staking, community proposals.
- 2026+: Ongoing protocol upgrades, DAO governance improvements, and deeper integration across the Shiba ecosystem, e.g., potential
metaverse and cross-chain plans.
What Is the BONE Token Utility?
The BONE token serves as a governance and utility token within the Shiba Inu ecosystem, giving holders the power to submit and vote on proposals that help shape the future development of ShibaSwap, Shibarium, and related protocols. This governance function lets the community influence changes such as fee structures, reward incentives, and ecosystem upgrades.
Beyond governance, BONE is the official gas token on Shibarium, the Layer-2 blockchain of the Shiba Inu ecosystem. Every transaction, smart contract interaction, or NFT mint on Shibarium requires BONE to pay network fees, making it essential for network activity and helping drive real utility demand.
Holders can also stake or provide liquidity in various pools, e.g., on ShibaSwap, to earn rewards in BONE or other tokens, encouraging participation and contributing to liquidity and ecosystem growth.
You can trade BONE on the
BingX spot market by selecting a trading pair such as
BONE/USDT, entering your desired amount, and placing a Buy or Sell order. Once traded, BONE tokens will be credited to your Spot Wallet, where you can hold, transfer, or trade them further.
What Is Bone ShibaSwap Tokenomics?
BONE has a maximum total supply of 250 million tokens, with no additional minting beyond this cap. The majority of BONE was distributed through liquidity mining and staking rewards on ShibaSwap, incentivizing early participation and long-term engagement in the Shiba Inu ecosystem rather than private sales or venture allocations.