As a seasoned researcher and crypto enthusiast with years of experience under my belt, I find myself deeply intrigued by the current situation unfolding within the Shiba Inu (SHIB) community, particularly regarding the snubbing of BONE by Binance.
Currently, members of the Shiba Inu (SHIB) community are upset because Binance has chosen not to list BONE, a token from their project. Being listed on this popular exchange is typically seen as a significant milestone for projects seeking validation from centralized exchanges. However, in its recent announcement, Binance has decided to list newer projects such as NEIRO, TURBO and Baby Doge Coin (100000BABYDOGE) instead for spot trading.
When BONE listing?
On the X platform, Shiba Inu’s Marketing Head, Lucie, requested Binance, the leading exchange, to add BONE in simpler language. As more community members rallied with Lucie, they collectively voiced their disapproval towards the top exchange. Many thought that BONE had demonstrated its value as a utility token and deserved to be listed.
As a researcher delving into the dynamic world of cryptocurrencies, I cannot overlook the pivotal position that Bone ShibaSwap holds within the Shiba Inu ecosystem. This token acts as the governing asset for the ShibaSwap exchange and plays an instrumental role in burning SHIB tokens on Shibarium. Ever since its debut in July 2021, notable exchanges like Gate.io and OKX have listed the token, but Binance, with high anticipation, has yet to follow suit.
More recently, Lucie has emphasized what factors cause certain projects to rank higher than others. She conceded that speculative tokens could potentially yield greater returns in a shorter timeframe. Given the dwindling market liquidity, this knowledge becomes increasingly important.
“The lack of liquidity and fierce competition are driving them to seek quick financial gains, often at the expense of valuable projects. As a result, they’re overlooking some great potential tokens,” she said.
Age of Shibarium
Many evolutions happen simultaneously in the digital currency ecosystem, but a standout performer is decentralized finance (DeFi). To properly catch up with this offshoot of Web3, the Shiba Inu team is optimizing Shibarium.
To Lucie, it’s forecasted that Decentralized Finance (DeFi) will prevail in the long run, and Shibarium is likely to be instrumental in this field. However, it’s uncertain if Binance will accommodate the community’s request for a BONE listing at this time.
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2024-09-16 13:43