• Crypto.com lists Shiba Inu’s Shibarium governance token, Bone ShibaSwap (BONE), leading to a 579% increase in SHIB burn rate.
• The Layer-2 solution is expected to be a game-changer for the two-year-old ERC-20 token.
• The Shiba Inu community, popularly known as the SHIB Army, pushed for Bone ShibaSwap to get listed on any major exchange and over ten million SHIB tokens were burned in the last 24 hours alone.
Crypto.com Lists Shiba Inu’s Shibarium Governance Token
Crypto.com recently announced that it would list Bone ShibaSwap (BONE), the official gas fee token on Shibarium, as part of its trading pairs. This news caused the #15 ranked memecurrency Shiba Inu (SHIB) to surge by 29% in the last 30 days and BONE to add 10% to its market value at press time.
Shibarium Beta Release Is Due
The Layer-2 solution is expected to be a game-changer for the two-year-old ERC-20 token and will require holders to own BONE in order to make any actions using this self-sustainable blockchain. To prepare for Shibarium’s launch, SHIB holders recently launched their Shimbarium Tech website.
The SHIB Army Pushes For Listings
In an effort to get Bone ShibaSwap listed on major exchanges, members of the SHIB Army penned a petition on Change.org which gained 320 signatures out of 500 needed before Crypto.com took action and listed BONE as part of its trading pairs.
SHIB Tokens Burned At High Rate
As a result of this listing news, over ten million SHIB tokens were set ablaze in just 24 hours – representing a 579% increase from last week’s burn rate. This burning initiative aims at removing a substantial amount of tokens from circulation in order to stabilize SHIB’s market value long termly despite not being reflected immediately after burning them off.
Conclusion
Shibarium Tech recently released their website with plans for launching their Layer 2 solution soon after which requires holders to own BONE as part of their self sustainable blockchain system – leading Crypto Exchanges such as Crypto .com listing BONE within their trading pairs and allowing users access & use it accordingly whilst also seeing an increase in burnt off SHIBS tokens due increased demand & support fromt he community behind them looking forward into establishing them further ahead int he future market space!