The vibrant Shiba Inu community has taken significant action by initiating a petition to urge Binance to list Bone ShibaSwap (BONE), a crucial component of the Shiba Inu ecosystem. This strategic move is intended to bolster the ecosystem’s expansion and enhance the integrated utility of its core tokens—SHIB, BONE, and LEASH.
Shiba Inu Team’s Optimism for a Successful Petition
Lucie, known by her handle @LucieSHIB, who leads marketing efforts for Shiba Inu, made the announcement about the petition on social media platform X. She underscored the collective advantages that this petition brings to all token holders within the Shiba Inu ecosystem. Lucie emphasized that support for BONE extends beyond a single token; it is about promoting “the health and growth of the entire Shib ecosystem.” Lucie further elaborated on the importance of BONE for every SHIB holder, pointing out that BONE is integral to the Shibarium network.
The Role of BONE in the Shiba Inu Ecosystem
Lucie explained, “Every Shib holder benefits from Bone’s success. Why? Because Bone powers Shibarium, and every transaction on Shibarium burns SHIB. Increased adoption of Bone results in more usage of Shibarium, which in turn burns more SHIB, reducing its supply and potentially increasing value for all holders. Supporting Bone is directly supporting Shib’s deflationary mission.”
Impact on LEASH Holders
Lucie also highlighted that holders of LEASH should be equally invested in the success of BONE. LEASH is associated with exclusivity and rewards within the ecosystem, and the thriving of Shibarium and BONE brings additional focus and utility to all three tokens. She stated, “A successful Bone petition demonstrates to major exchanges, projects, and investors that the Shib ecosystem is not just about one token—it’s a thriving ecosystem where Shib burns, Leash exclusivity, and Bone utility all work together. This kind of exposure brings new holders and opportunities for all three tokens.”
The Petition’s Strategic Appeal to Binance
Initiated by SHIB team member Mazrael Leashtenant on Change.org, the petition directly appeals to Binance to list BONE, underscoring its significant role in transaction processing, network security, and community governance within the Shiba Inu ecosystem. BONE is described as the gas token for Shibarium, the Layer 2 solution crafted for fast, secure, and cost-effective transactions. With a total supply capped at 250 million tokens, BONE is essential for covering gas fees, executing transactions, and supporting decentralized operations within the network.
BONE’s Governance and Network Security Role
The petition highlights that BONE holders have the capability to delegate their tokens to decentralized validators, thereby ensuring the integrity and security of network transactions. As a governance token, BONE empowers holders to engage in shaping the ecosystem’s future through proposals and votes. “BONE is integral to various decentralized applications, DeFi, Play-to-Earn (P2E) games, and privacy-focused dApps. BONE is central to the expanding Shiba Inu ecosystem,” the petition emphasizes.
Shibarium’s Growing Ecosystem
Shibarium, serving as the ecosystem’s Layer 2 blockchain, reportedly supports over 1.8 million wallet addresses and has processed 540 million transactions. It facilitates decentralized exchanges, gaming applications, and offers advanced tools such as homomorphic encryption for privacy-centric applications like Shibdentity and ShyMode.
Accessibility of BONE Across Platforms
BONE can be accessed on multiple platforms, including ShibaSwap DEX, where users can purchase it directly using fiat or other cryptocurrencies. It is also available on centralized exchanges like MEXC, HTX, OKX, Crypto.com, and Gate.io. The petition argues that listing BONE on Binance would enhance the entire ecosystem by making the token more accessible, thereby benefiting users, developers, and businesses and encouraging further decentralized innovation.
Historical Success with Petitions
The Shiba Inu community has previously demonstrated efficacy in using petitions to advocate for exchange listings and ecosystem advancements. A notable campaign in early 2021 led to SHIB being listed on Coinbase Pro, significantly increasing its visibility and market value. Another extensive petition resulted in its inclusion on Robinhood in April 2022, further expanding its trading reach.
Current Petition Status and Community Call to Action
As of the latest update, the petition had gathered 75 signatures. Lucie concluded her message with a rallying call: “Let’s show the world the strength of our unity and make sure Shib, Bone, and Leash all reach their full potential. Together, we rise!”
At the time of writing, SHIB was trading at $0.00002602.
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