Question 1

What is Bone ShibaSwap (BONE)?

Accepted Answer

Bone ShibaSwap (BONE) is a governance token within the ShibaSwap ecosystem, a decentralised exchange (DEX) developed by the Shiba Inu project. BONE is designed to allow holders to have a say in the future development and decisions regarding the ShibaSwap platform. It forms part of the broader Shiba Inu ecosystem, which also includes tokens such as SHIB and LEASH.

Question 2

What is Bone ShibaSwap (BONE) used for?

Accepted Answer

**Governance:** BONE enables token holders to participate in the governance of the ShibaSwap ecosystem. Through the Doggy DAO (Decentralised Autonomous Organisation), community members can propose and vote on initiatives, influencing the platform's development and future direction.

**Staking and Liquidity Provision:** Users can stake BONE tokens and provide liquidity to various pools on ShibaSwap. In return, they earn rewards in the form of additional BONE tokens or other cryptocurrencies, fostering active participation and contributing to the platform's liquidity and overall health.

**Transaction Fees:** BONE serves as the native gas token for Shibarium, Shiba Inu's Layer 2 solution. It is used to pay for transaction fees within the Shibarium network, facilitating efficient and cost-effective transactions.

**Incentives and Rewards:** BONE tokens are distributed as rewards to users who engage in various activities on ShibaSwap, such as staking and providing liquidity. This incentivises user engagement and supports the ecosystem's growth.

Question 3

Who created Bone ShibaSwap (BONE)?

Accepted Answer

Bone ShibaSwap (BONE) was created by the anonymous developers behind the Shiba Inu project. The Shiba Inu ecosystem was initially launched by an individual or group known as "Ryoshi." The development team behind Shiba Inu and its associated projects, including ShibaSwap and the BONE token, remains largely anonymous.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	BONE-USDT BONE_USDT	gateio	A	0.05251USDT	-1,89%	31.279,00BONE	119	0.05352USDT	0.05452USDT
2	BONE-USD BONE_USD	cryptodotcom	AA	0.05350USD	-2,19%	14.253,00BONE	50	0.05469USD	0.05469USD
3	BONE-USDT boneusdt	huobipro	C	0.05240USDT	-0,38%	33.685.084,17BONE	30.639	0.05260USDT	0.05340USDT
4	BONE-USDT BONEUSDT	mexc	C	0.05277USDT	-2,10%	1.121.491,04BONE	3.229	0.05390USDT	0.05422USDT
5	BONE-USDT BONE_USDT	bydfi	-	0.05277USDT	-2,10%	668.441,86BONE	3.000	0.05390USDT	0.05415USDT
6	BONE-USDT BONE_USDT	bitmart	B	0.04796USDT	0,00%	0BONE	0	0.04796USDT	0.04796USDT
7	BONE-USDT BONEUSDT	latoken	D	0.05776USDT	0,00%	0BONE	0	0.05776USDT	0.05776USDT
8	BONE-USDT BONEUSDT	hitbtc	E	0.04770USDT	0,00%	0BONE	0	0.04770USDT	0.04770USDT
9	BONE-USDT BONE_USDT	poloniex	C	0.02140USDT	0,94%	1,92BONE	1	0.02120USDT	0.02140USDT