#SHIB has gained significant popularity in recent years, and its ecosystem has expanded to include two important tokens: #BONE and #LEASH. These tokens are integral to the Shiba Inu ecosystem and offer a range of benefits to users and investors.

BONE: The Governance Token for ShibaSwap

BONE is a governance token that is used to vote on proposals and decisions related to the ShibaSwap decentralized exchange. It is also used to stake in liquidity pools and earn rewards for providing liquidity on the platform.

BONE holders can vote on proposals related to adding or removing tokens from the ShibaSwap platform, changing the fee structure, and marketing and promotional campaigns. This gives users a say in the direction of the platform and ensures that it remains decentralized and community-driven.

In addition to governance functions, BONE also serves as a utility token on the ShibaSwap platform. Users can use BONE to pay for transaction fees, and holding BONE can earn users boneified rewards – special bonuses that are paid out based on participation in the ShibaSwap ecosystem.

LEASH: The Utility Token for Shiba Inu's Dogecoin Killer

LEASH is a utility token that is used in the Shiba Inu ecosystem's "Dogecoin Killer" project. This project aims to create a cryptocurrency that can compete with Dogecoin, a popular meme-inspired cryptocurrency.

LEASH is a deflationary token, meaning that its supply is designed to decrease over time. This is achieved through a mechanism known as "burning," where a portion of each LEASH transaction is sent to an address that is not accessible, effectively removing it from circulation.

LEASH can be traded on various exchanges and used to purchase merchandise and services within the Shiba Inu ecosystem. It is also used in liquidity pools on the ShibaSwap platform, where users can earn rewards for providing liquidity.

What They Offer to Users and Investors

BONE and LEASH offer a range of benefits to users and investors within the Shiba Inu ecosystem. BONE allows users to participate in the governance of the ShibaSwap platform, ensuring that it remains community-driven and decentralized. It also offers utility functions, such as paying for transaction fees and earning boneified rewards.

LEASH, on the other hand, is focused on the Dogecoin Killer project and offers a deflationary mechanism that can potentially increase its value over time. It can be used to purchase merchandise and services within the Shiba Inu ecosystem and earn rewards through liquidity pools.

Overall, BONE and LEASH are important tokens within the Shiba Inu ecosystem and offer a range of benefits to users and investors. As the ecosystem continues to evolve and grow, these tokens are likely to play an important role in its future development.

#BTC #BINANCE

When Layer-2 Shibarium was found to have plagiarized the code of a project called Rinia, #ShibaInu disappointed a lot of users. Even the chainID has not been updated yet. Despite denials from the development team, the price of SHIB nevertheless dropped by almost 10%.

After several days of speculation, Shiba Inu has revealed that its layer 2 Shibarium will be released this week. This layer-2 Ethereum solution is designed specifically for the creation of gaming and metaverse apps.

#Shibarium will support greater adoption of SHIB, BONE, and LEASH tokens as well as other tokens in the Shiba Inu ecosystem. In particular, #BONE will be used as a layer-2 transaction fee payment token that also pays validators.

The project's community was initially thrilled, but their joy was short-lived when a user revealed on Discord that Shibarium's code had been lifted verbatim from Rinia, a different project. Even the development team was so irresponsible as to leave the chainID alone.

Concerns were quickly allayed by notable developers and members of the community by denial.

Yet, the #SHIB price has been somewhat impacted; it is currently down 10% over the past 24 hours.

#Shibarium #SHIB #BONE #ShibaINU

Shibarium is on its way to becoming a powerful blockchain in the decentralized finance (#DeFi) space. It is a Layer 2 blockchain that offers scalability, innovation, and security. Shibarium's L2 blockchain is built on top of Ethereum and is used by SHIB ecosystem tokens such as SHIB, LEASH, and BONE.

The Layer 2 blockchain protocols of Shibarium can serve different industry areas such as metaverse, web3 innovation, and gaming. This is due to the commonality of scalability and performance limitations of current blockchain networks. Furthermore, L2 blockchains like Shibarium help reduce the load on the blockchain network, resulting in lower gas fees and processing times for end-users.

The development framework of Shibarium provides robust functionality, allowing the community to build their vision into the blockchain. This includes dApps, gaming, social media, education, and supply chains. Additionally, Shibarium allows for the creation of chain-specific NFTs, including event tickets, items/assets used in games, art and music, and digital real estate.

BONE is the native token used to pay for gas transactions and reward validators and delegators within the Shibarium protocol. Validators are instrumental members of the network who contribute to operability security by locking up a certain number of BONE tokens and operating Heimdall Validator and Bor block producer nodes.

ShibaSwapDEX is a decentralized exchange designed specifically for the Shiba Inu community, where users can trade their tokens and earn rewards. Launched on July 6th, 2021, ShibaSwap surpassed $1B in liquidity just one day after launch. ShibaSwap allows users to exchange and swap ERC-20 tokens supported by the exchange, including SHIB, LEASH, and BONE.

Providing liquidity to a coin pair allows users to earn trading fee rewards proportionally to the amount provided as liquidity in that coin pair. Yield farms are also available where users can stake their liquidity providing tokens (SSLP) to earn rewards in BONE tokens. According to IntoTheBlock, ShibaSwap has achieved around one-tenth of the figures of SushiSwap, another DEX on the Ethereum network.

Despite being relatively new, ShibaSwap has quickly risen to be one of the top 25 DEXes by traded volume, with a cumulative traded volume superior to $2.4 billion and a total value locked of more than $380 million on the Ethereum network. It has even generated more than $7.3 million in revenue from trading fees alone, positioning itself as one of the top 40 gas consumers contracts of the Ethereum blockchain.

If you're a Shiba Inu token holder and haven't checked out ShibaSwap yet, you might be missing out on some big liquidity opportunities. Shibarium is also something to look out for, as it aims to revolutionize the Shiba Ecosystem and the crypto space by offering a powerful Layer 2 blockchain.