Key Points:

  • BONE is and will remain the only token required for gas fees and use when it comes to Shibarium.

  • Shibarium has not been developed for the benefit of other projects that claim ownership of it or for speculation over its operability dependence on any other tokens.

Shibarium Network recently released a statement in response to allegations that claimed the use of the new network needed the use of additional tokens.

Shiba Inu community members are vibrating with anticipation as they look forward to the unveiling of the Shibarium solution, which has been eagerly awaited.

This explanation was required in light of rumours that claimed extra tokens were required in order to use Shibarium, in which BONE is and will remain the only token required for gas fees and use when it comes to Shibarium.

Shibarium Update As we approach the launch of the upcoming Shibarium Beta Network, we first would like to start by thanking the Shiba community for bringing such energy and excitement surrounding the upcoming phased introduction.1/6

— Shibarium Network (@ShibariumNet) January 4, 2023

The team emphasized that the layer-2 solution is owned by the Shiba community, stressing its strong basis for innovation while promoting the Shiba Inu ecosystem.

BONE, Shiba In’s offspring token, will be crucial in layer 2. The token will be used by SHIB layer 2 validators, BONE minting was suspended at 230 million to allow the remaining 20 million BONE to be used for Shibarium validators, according to a Coincu report.

The thread also said that Shibarium has not been developed for the benefit of other projects that claim ownership of it or for speculation over its operability dependence on any other tokens. It has been created for Shibtoken.

Additionally, developers noticed people should keep an eye on official announcements and prevent disinformation from other parties.

Please stay alert to official information via our social media and blog portals in order to always receive the latest updates with accuracy and clarity directly from the source.

As Coincu reported yesterday, BONE, a minor player in the Shiba Inu ecosystem, performed admirably. The prolonged bear market has impacted a substantial segment of the sector.

BONE has gained 36,58% in the last 7 days amid market turbulence as depicted by Coincu data.

Bone ShibaSwap weekly chart, source: Coincu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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