Home web3.0 BONE Token Is Key to 'Everything SHIB Builds on Shibarium,' Shiba Inu Marketing Lead Says

BONE Token Is Key to 'Everything SHIB Builds on Shibarium,' Shiba Inu Marketing Lead Says

Sep 06, 2024 pm 09:31 PM
BONE SHIB Team

The official social media marketing lead of the Shiba Inu development team, famous in the cryptocurrency community under the pseudonym Lucie, has made a crucial public statement about the importance of the BONE token for “everything SHIB builds on Shibarium.”

BONE Token Is Key to 'Everything SHIB Builds on Shibarium,' Shiba Inu Marketing Lead Says

The official social media marketing lead of the Shiba Inu development team, who is known in the cryptocurrency community by the pseudonym Lucie, has shared two important updates with the SHIB army.

First, Lucie highlighted the crucial role of the BONE token in all the projects that the SHIB team is creating on layer-2 solution Shibarium. “Everything on Shibarium relies on BONE,” she tweeted, adding that BONE is a “crucial element” for all the operations and advancements made on this blockchain.

Second, Lucie shared a major milestone reached on Shibarium by the closed beta of the Shiba Eternity smartphone game, which has been available only for LEASH holders so far. These testers have minted an impressive 140,000 NFTs on Shibarium, underscoring “both the power and the scalability of the platform.”

Crucial BONE message to SHIB communityLucie made it clear that the Bone Shibaswap (BONE) token is extremely important for all the projects that the SHIB team is or will be creating on layer-2 solution Shibarium. “Everything on Shibarium relies on BONE,” she tweeted, and BONE is a “crucial element” for all the operations and upgrades made on this blockchain.

The SHIB marketing lead also stressed that BONE is vital for burning Shiba Inu tokens, and everyone who uses Shibarium, and therefore BONE, helps to burn SHIB.

Everything https://t.co/4RzThbqSSj builds on Shibarium relies on Bone, making it a crucial element for all operations and advancements within the platform. Everything utilizing Bone therefore burns SHIB.

All gas fees on Shibarium are paid in BONE. Some of those transaction fees are then converted to SHIB tokens and then burned, i.e., locked in unspendable wallets forever. This conversion and burn process happens automatically after the SHIB team recently launched a SHIB burn portal on Shibarium.

Major Shiba Eternity beta achievementIn another tweet published today, Lucie spread the word about a major milestone reached on Shibarium by the closed beta of the Shiba Eternity smartphone game.

This beta has been available only for LEASH holders so far. Testers have minted an impressive 140,000 NFTs on Shibarium, underscoring “both the power and the scalability of the platform.” Lucie also stressed the cost-efficiency observed here: the transactions that were necessary for making those non-fungible tokens required only 800 BONE in gas fees. This is the equivalent of roughly $310.

Shibarium Beta Milestone: 140K NFTs Minted with Just 800 BONE in Sponsored Gas Fees

We’re excited to share an incredible achievement from our Shiba Eternity Beta Closed for Leash holders!

So far, these dedicated testers have minted a staggering 140,000 NFTs on Shibarium,… pic.twitter.com/3sPgFMvQ7L

Lucie reminded the crypto community that there are currently more than 1.4 million Shiba Inu holders on-chain, and a lot of them are active Shibarium users. This highlights one of Shibarium’s main strong points – extremely low transaction fees. This was all the more important considering the high volume of NFT minting. This makes Shibarium “ideal for large-scale NFT projects,” Lucie said. However, this time, all the 800 BONE fees were sponsored, but she did not reveal who did the sponsoring.

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