Shiba Inu Marketing Manager Lucy talks about the potential of Bone ShibaSwap (BONE) and why it should be a valuable part of an investment portfolio.
According to Lucy, BONE plays a central role in the Shiba Inu breed ecosystem, potentially helping to increase demand and value of the breed.
BONE integration with Shibarium and DAO
In a recent tweet, the marketing executive emphasized that BONE is the official gas fee token of the Shibarium blockchain, the Shiba Inu ecosystem’s Layer 2. This means that Shibarium users must use BONE to initiate transactions on the L2 network.
Additionally, Lucy revealed that BONE will become one of the governance tokens in the Shiba Inu Decentralized Autonomous Organization (DAO) once it launches.
By integrating BONE as a governance token, users can use it to vote on important decisions that could potentially impact the future of the ecosystem.
Limited supply and future growth
Interestingly, Lucy mentioned the limited supply of BONE as another factor that could increase its demand and value. Notably, BONE’s supply is capped at 250 million, with 229.92 million tokens currently in circulation. According to Lucy, BONE’s limited supply could increase its value as demand increases.
In addition, the marketing manager said BONE will play a major role in Siba State by setting guidelines and frameworks regarding data privacy, technology and digital rights.
Finally, Lucy pointed out that BONE has huge potential for growth as the ecosystem expands with new partnerships and projects. Among these growing partnerships and projects, Lucy argued that demand for BONE will skyrocket, potentially increasing its price.
Meanwhile, she clarified that while BONE boasts a lot of potential, her commentary on the token does not constitute financial advice. Therefore, investors should exercise caution.
BONE Current Performance
At the time of writing, BONE is trading at $0.3645, down 13.41% in 24 hours. BONE has also fallen 28.21% in the past seven days following a prolonged downturn in the crypto market.
Meanwhile, the token’s 24-hour volume has grown by 110.57% to $10.88 million. With a market cap of $83.47 million, BONE currently ranks 328th among the largest cryptocurrencies on the market.
