Here’s why BONE was created in the first place: Team member reveals Ryoshi’s initial plan

Here's why BONE was created in the first place: Team member reveals Ryoshi's initial plan

Shiba Inu’s official marketing lead, who refers to herself as Lucie, has shared with the SHIB community why SHIB’s mysterious founder Ryoshi wanted to create the BONE token in the first place. However, this initial plan was later changed for a more practical goal.

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Shiba Inu’s official marketing lead, who refers to herself as Lucie, has shared with the SHIB community why SHIB’s mysterious founder Ryoshi wanted to create the BONE token in the first place. However, this initial plan was later changed for a more practical goal.

Here’s why BONE was created

Lucie tweeted that initially the goal of creating the BONE token was to issue rewards to SHIB holders. However, later the target was changed to facilitate SHIB burns using Shibarium layer 2 solution. Lucie did not share whether this decision was made before or after Ryoshi’s departure from the project. The latter took place in May 2022.

Now BONE tokens power transactions on Shibarium and serve as a means to pay gas fees. A portion of these fees was set aside for developers to continue maintaining the network, and the other portion was converted into SHIB and then moved to non-fungible wallets to be burned. Lucie emphasized that it is important for each token to play its own role in the Shibarium ecosystem.

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Lucie compares SHIB to BTC

In another recently posted tweet, Lucie again addressed complaints about “SHIB slow burns” and that the developer team is not contributing to them at this time. SHIB’s marketing leader said that there is no centralized authority behind Shiba Inu and in this sense, this meme currency is similar to Bitcoin, the original cryptocurrency created by the mysterious Satoshi Nakamoto.

Lucie reminded the community that the team cannot burn SHIB at will; Ryoshi destroyed his own engraved keys and “gave the vision to Shytoshi” Kusama.

The goal of creating SHIB was to allow other developers to build their products and dApps around Shiba Inu. Therefore, Lucie stated, those who want to burn more SHIB meme coins must create highly useful tools. In that case, the team will get BONE, which they will then convert to SHIB and burn.

He added that โ€œno one can stop you because, just like with BTC, EVERYONE can build around SHIB.โ€ But building on SHIB costs โ€œa lot of money, focus and perseverance.โ€

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