As a seasoned crypto investor with a decade of experience under my belt, I find the recent developments surrounding Shiba Inu and its associated tokens intriguing. Lucie, the official social media marketing lead of the Shiba Inu development team, has made some significant statements about the importance of BONE for “everything SHIB builds on Shibarium.”
Representing the Shiba Inu development team’s social media marketing sector, a key figure known as Lucie (a pseudonym) has emphasized the significance of the BONE token within the context of everything being constructed on the Shibarium platform.
In addition, Lucie shared information about a significant advancement, which was just announced during the private testing phase of Shiba Eternity – an event exclusive to those who possess the LEASH token.
Crucial BONE message to SHIB community
As an analyst, I’d put it this way: I’ve come to understand that the Bone Shibaswap (BONE) token serves as a cornerstone in every project the SHIB team is developing or planning within the layer-2 solution, Shibarium. In essence, everything on Shibarium revolves around BONE, making it an indispensable component for all the day-to-day operations and updates 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.
On Shibarium, all transaction fees are remunerated using BONE. A portion of these fees is subsequently converted into SHIB tokens and permanently removed from circulation by being locked in wallets that can never be used again. This process of conversion and removal, also known as burning, was initiated following the launch of a SHIB burn portal on Shibarium by the SHIB team.
Major Shiba Eternity beta achievement
Today, Lucie announced via another tweet that the Shiba Eternity smartphone game’s closed beta has hit a significant achievement on Shibarium.
So far, this beta has been exclusive to LEASH token holders, and it’s been quite a test! Users have successfully minted around 140,000 NFTs on Shibarium, demonstrating not only the platform’s capability but also its potential for large-scale operations. Lucie further emphasized the cost-effectiveness experienced during this process: to create those non-fungible tokens, just about 800 BONE in gas fees were needed, which translates to approximately $310.
In a recent update, Lucie emphasized to the cryptocurrency community that there are over 1.4 million Shiba Inu holders actively participating on-chain and utilizing Shibarium. This underscores one of Shibarium’s key advantages – its remarkably low transaction fees. Given the significant NFT minting activity, this affordability is particularly crucial, making Shibarium a prime choice for large-scale NFT projects, according to Lucie. Interestingly, during this period, all 800 BONE fees were covered by an anonymous sponsor, but the identity of the benefactor remains undisclosed.
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2024-09-06 14:02