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Price of Shibarium Token BONE Reacts to Major Listing

Shiba Inu achieves a significant milestone with BONE listing on ICRYPEX, Shibarium progress, and future ecosystem plans, showcasing its growing success in the crypto space.

Key Points

  • Shiba Inu’s governance token BONE listed on ICRYPEX in Turkey, alongside other cryptos.
  • BONE’s price surges 3% post-listing, SHIB token also sees 3.18% growth despite market decline.
  • Shibarium blockchain platform progresses with enhancements, producing blocks in testing phase.
  • Shiba Inu’s future plans involve more validators, staking opportunities, and implementation of “Shib paper” for governance, signaling ecosystem’s value and progress.

The Shiba Inu ecosystem and its governance token, Bone ShibaSwap (BONE), have achieved a significant milestone by securing a new exchange listing. Shiba Inu team member Lucie revealed this news in a recent post on Twitter.

ICRYPEX Adds BONE to its Crypto Asset Platform

ICRYPEX, a prominent crypto asset platform in Turkey, has announced the addition of BONE to its platform in an official statement.

The platform refers to this listing as one of the “big listings” and has included BONE alongside nine other popular cryptocurrencies. As a result, the Bone token is now available for trading on the ICRYPEX platform.

The listing on ICRYPEX has had a positive impact on the price of Bone. At the time of writing, the Bone price had experienced a rebound, rising by 3% in the last 24 hours to reach $1.20.

Additionally, the SHIB token, another token in the Shiba Inu ecosystem, saw a surge of 3.18% in the last 24 hours, reaching $0.0000082. This growth is noteworthy, considering that most cryptocurrencies were trading in the red during this period.

Shibarium Continues to Progress

Shibarium, the blockchain platform developed by Shiba Inu, has undergone significant enhancements and optimizations according to the latest update shared by Shiba Inu’s lead, Shytoshi Kusama.

Although Shibarium is still in the testing phase, it is already producing blocks. Kusama also mentioned the implementation of a new monitoring system and additional fail-safes, such as rate limiting at the RPC level and auto server reset to handle high traffic levels.

These improvements bring Shibarium one step closer to reopening to the public.

Concluding Thoughts

In a recent blog post, Kusama provided insights into the next steps for Shibarium and the Shiba Inu ecosystem.

The plan includes launching additional validators, offering more opportunities for users to stake BONE and earn rewards. The testing phase is expected to conclude soon as Shibarium prepares for public use.

Moreover, Kusama revealed that the implementation of the “Shib paper” is underway.

This framework aims to establish a working system for governance and management, solidifying the vision of the SHIB perpetual decentralized digital nation-state.

Shiba Inu’s ongoing progress, including the listing of BONE on the ICRYPEX platform and the advancements of Shibarium, indicates the growing success and value of the Shiba Inu ecosystem.

As the community eagerly awaits the reopening of Shibarium and the implementation of the “Shib paper,” Shiba Inu continues to make significant strides towards its goal of revolutionizing the world of decentralized digital assets.