Shiba Inu Lead Unveils BONE Use Case In Layer 3 Blockchain

by

Recently, Lucie, the marketing head for Shiba Inu, spoke to the community’s concerns about Bone Shibaswap (BONE) and Treat (TREAT) tokens in a public statement. She reassured the importance of these tokens as part of Shiba Inu’s growing ecosystem. Despite rumors suggesting that BONE may become obsolete following Shiba Inu’s Layer 3 launch, Lucie dismissed such ideas, instead highlighting its essential function hand in hand with $TREAT.

Treat & Bone’s Use Case In Layer 3 Blocka

Lucie explained how each token in the ecosystem has unique features. She particularly focused on TREAT and its role as the reward token for TREASURE (TREAT’s ecosystem). She emphasized that TREAT was created to motivate users, encouraging them to stake or engage with Shiba Inu by providing them with free TREAT tokens in return.

These incentives aim to promote active participation in the community and enhance the longevity of the ecosystem. Furthermore, TREAT holds unique value as it serves dual roles as a governance and transaction fee token on Layer 3. This versatility allows users both the ability to vote and execute transactions within the Layer 3 blockchain.

Regarding the worry about the role of BONE with the introduction of L3, Lucie provided a clear comparison. She described their connection as similar to a ring worn on a finger. Furthermore, the marketing head emphasized that BONE fuels Shibarium’s L2, while TREAT manages L3. Lastly, Lucie highlighted the complementary nature of these tokens, emphasizing their significance in advancing the ecosystem together.

In response to questions about whether $BONE would become obsolete after the release of L3’s Shibarium, Lucie clarified that both tokens will continue to be important. She highlighted that Shibarium intends to make use of both $BONE and $TREAT in its development. As Shiba Inu’s L3 is planned to expand upon the foundation set by L2, Lucie’s statement assures the community that $BONE’s usefulness and value proposition will persist.

Treat Rallies Ahead Of L3 Launch

The price of Treat crypto in the Shiba Inu ecosystem experienced a significant increase of approximately 22%, reaching $0.00127 at the time of reporting, on April 23. This surge was driven by heightened excitement surrounding L3. With a market capitalization of $4.23 million, the daily trading volume for Treat crypto also saw a substantial rise of around 212.4%, totaling $75,021.

Despite increasing doubts about BONE‘s prospects, its value took a significant hit. The price of Bone ShibaSwap fell by 5.46% to reach $0.6719, and its trading volume decreased by 16.68% to $9.89 million within the past day. Additionally, the lowest BONE reached today was $0.6638.

Read More

2024-04-23 15:11