The official Twitter of the Bone ShibaSwap meme token is remind Community about the Shibarium beta launch confirmed this week. As such, they now want those planning to use the SHIB layer 2 protocol to start buying large amounts of BONE tokens.
Shibarium beta has been released by Shytoshi Kusama, lead developer of Shiba Inu confirm in this week.
Is Shibarium actually released?Yayoi Kusama added a tip on Twitter
In a Twitter thread among SHIB fans over the weekend regarding Shibarium’s release date, Shytoshi Kusama confirmed that it will take place “next week.”
Since it’s Sunday, we can expect the Layer 2 solution to be released this week. YouTuber YourPOP announced that the long-awaited implementation of the SHIB protocol by top developer Kaal under the leadership of Kusama is now back up and running after a period of personal work. SHIB fan Dezaxe has argued with him, saying there hasn’t been any official confirmation yet.
Kusama confirmed the upcoming launch event on Twitter, clarify:
“He’s right, you owe him an apology.”
Also, today, Shytoshi appeared to add a clear confirmation to his Twitter status — a flame emoji and a sign that everything is going according to plan. The Shib Dream Twitter account explains that it has something to do with the upcoming release of Shibarium.
source: heb dream
Shibarium helps burn a lot of SHIB
Shibarium was created to take the Shiba Inu network to the next level by building decentralized applications (dApps) and smart contracts on top of it, with seamless, fast and cheap transactions. To avoid congestion – Ethereum sometimes has issues building the SHIB’s chain.
However, according to data previously shared by Shytoshi Kusama, Shibarium will also help burn a large number of SHIB tokens. All transaction fees will be paid in BONE, and then a portion of the fees will be converted to SHIB and sent to non-spending wallets.
Burning tokens removes them from circulation, cutting off the current supply, thus making them even more scarce. This helps increase future prices if a significant amount of tokens are actually burned. This is what the SHIB community is hoping for as the Shibarium launch event approaches and is about to happen unless Shythoshi delays it.
BONE enters the top 100 cryptocurrencies
In a historic milestone, the upcoming Layer 2 master token Shibarium and governance token Shiba Inu BoneShibaSwap (BONE) has entered the top 100 cryptocurrencies by market capitalization.
according to BoneShibaSwap, a Twitter account dedicated to BONE, is the first time BONE has achieved this feat. The altcoin is currently the 98th largest cryptocurrency with a market cap of $428.5 million, according to CoinMarketCap.
BONE has been growing steadily since the weekend following positive signs from the upcoming Shibarium beta release.
At press time, BONE was up 11% at $1.86 after hitting an intraday high of $1.96.
In addition to the Shibarium launch event, the altcoin is also known for being listed on exchanges such as XT.com and Bitget in recent weeks.
bone is the native token chosen to pay for gas transactions and reward validators and delegates in the Shibarium protocol. Up to 20 million tokens are dedicated to this purpose.
In Shibarium, validators play a key role, supporting operational security by running Heimdall validators and Bor block producing nodes and locking a specific amount of BONE tokens.
Instead of running validator nodes themselves, delegators who are BONE holders decide to support the network by putting their coins into validator nodes.
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According to Kyptos