DeFi News Official TheBitTimes.com

Now, the community has two questions for lead developer Shytoshi Kusama, when Shibarium mainnet will be released and when Binance will list BONE? advertisement Binance Can List BONE on Shytoshi Kusama’s Request The Shiba Inu team confirmed BONE as the only gas token for Shibarium transactions and a reward token for validators and delegators. Shibarium will offer the benefits of scalability, faster transaction times, lower fees, and an expanded development framework. With the Shibarium mainnet launch expected by the year’s end, most things around the Shibarium blockchain will involve BONE token. In fact, validators will lock a certain number of BONE tokens to provide security and stake BONE through staking management contracts on the Ethereum mainnet. Moreover, delegators will stake BONE into validator nodes responsible for validating transactions. The BONE token is available since July 2021 for governance and now for Shibarium . Also Read: Bit...

Shiba Inu’s Bone token is attracting heavy buying pressure this month as the team confirmed that the Shibarium Public Beta TestNet could be launched “soon”. Since the announcement in early January, Bone jumped nearly 70% in the indices going from $0.80 to a monthly high of $1.42. Ahead of the Shibarium launch, another whale purchased $1.5 million worth of Bone tokens on Monday. Data from Etherscan.io shows that the whale picked up Bone for the first time through one significant transaction. The new whale purchased a massive 1.1 million Bone tokens for a market value of $1.52 million. The unidentified whale is ranked no.17 in the rich list at ShibaSwap. Also Read: First-Time Cryptocurrency Investors Are Heavily Buying Shiba Inu: Nansen Source: Etherscan.io You can read more details about the whale purchase here and here for a better understanding. The launch of the Shibarium Testnet could potentially be the cause for the whale entry into the Bone token. ...