The Vital Role of Bone in Shiba State: Driving Technology and Governance
The Shib ecosystem has evolved far beyond its meme coin origins, with Bone at the heart of its growth. This essential token, with a total supply of 250 million, plays a crucial role in both governance and the technological infrastructure of Shiba State. From ShibaSwap to Shibarium Originally introduced as the liquidity provider (LP) token for ShibaSwap, Bone now serves as the gas token for Shibarium, the layer-2 solution designed to enhance transaction speed and efficiency. It powers all activit
People are curious again, but the hype has shifted from chasing million-dollar profile pics to something practical. NFTs are finding new uses—especially in gaming. Think about it: in games, NFTs let players truly own in-game items, skins, and achievements. Imagine trading or selling your rare sword or character skin instead of just letting it sit in an account. This is adding a layer of ownership to digital assets that gamers haven’t had before.
Communities are still there, but they’re smaller and more engaged. Projects that emphasize benefits, like unique gaming assets or access to special events, are drawing attention. It’s less “look how rare this is” and more “look at what this can actually do for me.”
So, will they make a comeback? Probably, just in a quieter, more useful way. Gaming, in particular, could be key here, integrating NFTs into digital life with real utility. NFTs aren’t gone—they’re just leveling up!
Weekly Update: Shibarium and Shiba Ecosystem Highlights
• Transaction Volume Surge: Shibarium experienced a remarkable 1,054% increase in daily transactions, surpassing 324,000. This surge is largely attributed to the minting of new assets like $FEED, with more assets expected to launch soon, contributing to the network’s growth
• NFT Bridge Launch: The introduction of an NFT bridge now allows @Shiboshisworld, the first Shib NFT collection, to transfer NFTs across networks. This upgrade enhances the utility for Shiboshi holders, with additional NFT collections likely to become bridge-compatible shortly
• ShibaSwap 2.0 Rollout: The ShibaSwap upgrade has introduced advanced DeFi features on both Ethereum and Shibarium, focusing on improved liquidity management, token discovery, and new farming options. These enhancements aim to attract a broader range of assets and facilitate trading
• Rising Total Value Locked (TVL): The launch of ShibaSwap and the Bonecrusher pools have significantly increased Shibarium’s total value locked (TVL).
• SHIB Burn Rate Increase: Shibarium’s growing transaction volume has resulted in a 941% rise in SHIB’s burn rate, with over 320 million tokens recently burned. This action reflects the community’s commitment to decreasing the circulating supply, aiming to support long-term value
•ShibaSwap V2 was built with community feedback in mind to make DeFi easier for everyone.
2. Original ShibaSwap (V1) Features:
•Basic tools let users swap tokens, add liquidity, stake tokens, and track rewards. •Rewards required you to withdraw liquidity to claim them.
3. Key Upgrades in ShibaSwap V2:
•Concentrated Liquidity: Set specific price ranges for your liquidity to boost returns. •Easier Rewards: Claim rewards without removing liquidity. •Multi-Hop Swaps: Make complex trades across multiple pairs. •Visible APRs: See Annual Percentage Rates (APRs) for both V1 and V2 pools. •Fee Options: Choose from three fee tiers (0.05%, 0.30%, 1.00%) based on your strategy.
4. How Concentrated Liquidity Works:
•You can pick price ranges to earn fees when prices are “in range.” •If prices go “out of range,” liquidity pauses until prices are back in range. •There’s also a full-range option for those who prefer not to set ranges.
5. Looking Ahead:
•Planned updates include features like limit orders, price alerts, and a more user-friendly design. •Other ideas, like dollar-cost averaging and smart swaps, are in the works.
ShibaSwap 2.0 gives you more control, better earning options, and enhanced tools to grow in DeFi!
Big things are on the way for Shiboshis on Shibarium, bringing new opportunities and exciting ways to engage:
1.Enhanced Utility: Shiboshis are set to gain new features and roles, creating more value and ways to participate in the ecosystem.
2.Exclusive Events and Rewards: Special events and rewards are planned, offering Shiboshi holders chances to earn and connect within the community.
3.Future Expansion: Shiboshis will play a part in future expansions across the Shib ecosystem, opening doors for unique interactions and potential benefits.
So, the whole thing is about being strategic.
We’ve got plenty of time to wait for low gas fees and bridge gradually. If you’re on Discord, Shiboshi holders are sharing their best tips on how to bridge for as little as $2.
Take this time to strategize—choose your amounts wisely and aim for those low fees. Smart moves now will set you up to make the most of what’s coming! #Shiboshis #shiba⚡ #SHIB، $SHIB
The Vital Role of Bone in Shiba State: Driving Technology and Governance
The Shib ecosystem has evolved far beyond its meme coin origins, with Bone at the heart of its growth. This essential token, with a total supply of 250 million, plays a crucial role in both governance and the technological infrastructure of Shiba State. From ShibaSwap to Shibarium Originally introduced as the liquidity provider (LP) token for ShibaSwap, Bone now serves as the gas token for Shibarium, the layer-2 solution designed to enhance transaction speed and efficiency. It powers all activities within the network, from executing transactions to supporting decentralized applications (dApps), making it indispensable to Shiba State’s digital framework. Powering Technological Innovation and Governance In Shiba State, the Technology Branch, managed by the Technology Council and Education & Research Council, relies heavily on Bone. These councils focus on: • Maintaining Advanced Infrastructure: Bone ensures the ecosystem’s technology remains cutting-edge and scalable, allowing Shiba State to stay competitive. • Setting Standards for Ethical Tech Use: As the ecosystem grows, Bone enables community-driven governance that shapes key policies on digital rights, data privacy, and responsible AI use. Decentralized Decision-Making As the governance token for Shiba State, Bone empowers holders to participate in critical votes that determine the ecosystem’s direction. This decentralized approach reflects the values of blockchain, allowing community members to influence everything from technological upgrades to operational guidelines. In short, Bone is more than just a token—it’s the core of Shiba State’s technology and governance. It drives innovation, supports seamless transactions, and ensures the ecosystem’s growth is guided by the community’s collective vision.
Leash: Shib’s Commitment to Ethical Governance and Environmental Responsibility
Leash (Doge Killer), a longstanding asset in the Shib ecosystem with a capped supply of 107,000 tokens, exemplifies Shib’s dedication to ethical governance and environmental responsibility. Its exclusivity not only highlights its unique value but also provides holders with access to exclusive Shib ecosystem launches and initiatives. Shib State: Environmental Council Leash plays a crucial role within the Shib State’s Environmental Council, particularly within the Protection & Policy branch. This
This isn’t just the old game with a few updates—it’s a complete shift to Web3 with significant upgrades. Key Features:
•Web3 Transition: Live on Shibarium mainnet with NFT-based inventory cards. •New Ranked Mode: Compete in 15-day tournaments and earn rewards based on your ranking. •Elite Tournaments: Top 25 players get access to exclusive seasonal events. •Improved User Experience: Revamped tutorial, polished menu, streamlined armory, and smoother performance. •Enhanced Rewards: Better quests, faster progression, and welcome gifts for returning Web2 players.
Reminder: This is still a beta, so expect continuous improvements based on community feedback. shibaeternity.games
Leading the Next Wave of DeFi with K9 Finance on Shibarium
K9 Finance is carving out a distinctive place in the DeFi landscape, thanks to its strategic partnership with Shibarium, Shib’s layer-2 blockchain. As the crypto market looks toward its next wave of growth, K9 Finance is positioned as a promising player, blending technological innovation with community-driven momentum. The core of K9 Finance’s appeal lies in its sophisticated yet user-friendly approach to decentralized finance. By introducing liquid staking and yield generation, the project allo
Shiboshis: Blockchain Gaming's Future - Closed Beta Postponed ( STILL TIME TO STAKE YOUR LEASH)
Shiboshis are showing all the signs of becoming a major player in blockchain gaming. With exciting developments underway and strategic integration planned for Shibarium, Shiboshis are not just another set of NFTs—they’re poised to redefine how NFTs function in gaming. Shibarium Integration: Setting the Stage for Shiba Eternity Shiboshis are set to play a pivotal role in Shiba Eternity, a game that’s preparing to fully transition to Shibarium, the Shib Ecosystem’s proprietary blockchain. While Sh
New to the Shiba Ecosystem, DN404 - #Sheboshis sold out instantly during the second phase of minting, exclusively for leash holders, completing the process within just 3-5 minutes.
#Shiboshis holders were given a 48-hour window to claim Sheboshis for free. This opportunity has now ended.
To acquire $Sheb/Sheboshis, the only options are through NFT marketplaces or trading on Shibaswap/Uniswap. $SHIB #DN-404 #ERC-404
Shibarium’s Layer 2 is buzzing, and $KNINE is a big reason why.
Here’s the quick scoop:
• Boosting Shibarium’s Value: $KNINE is attracting Total Value Locked (TVL), showcasing the community’s trust and investment in our ecosystem.
• Increasing Chain Activity: More activity on Shibarium means more use of $BONE for gas, keeping the blockchain lively and engaged.
• Benefiting $SHIB : As $BONE usage climbs, it indirectly benefits $SHIB , adding a layer of strategic economic interaction.
• Expanding DeFi: Together, $KNINE and Shibarium are laying down the infrastructure for a thriving DeFi ecosystem, promising a future rich with opportunities for all.
$KNINE isn’t just a platform; it’s a catalyst for Shibarium’s growth, making our Layer 2 the place to be for innovation, investment, and community. Let’s keep building this future together.
K9 Finance’s $Knine will launch March 7, 2024 on ethereum first. #ShibariumBlockchain $SHIB
What is K9 Finance, and why should Shibarium community care?
K9 Finance is a platform for Shibarium that lets you stake your BONE tokens in a way that keeps them flexible. Similar to how Lido works for Ethereum, K9 Finance helps secure the Shibarium blockchain by allowing users to delegate BONE to validators. In return, users receive an LSD token called knBONE, representing BONE and serving as Shibarium's gas fee token. While your tokens are delegated, you can still use them for various DeFi activities, maximizing your potential earnings.
This approach ensures that your BONE stays liquid, providing more flexibility compared to traditional staking methods.
According to Buzz, the main developer, it's about earning more and effectively "putting your $BONE to work" within the DeFi landscape.
Regarding K9 Finance's contribution to the $SHIB token burns, The K9 product serves as a catalyst for Shibarium adoption by providing a DeFi solution. The more users engage with their product, the greater the burn rate of $SHIB tokens.
Are there any NFT projects on Shibarium, L2 of the Shiba inu community?
Certainly! Yes, there are. The Shibarium community is steadily expanding, showcasing remarkable strength. And now, let's delve into a realm where innovation converges with potential, and Shibarium emerges as a dynamic ecosystem fostering growth and collaboration. In this interview, we delve into the secrets of ShibaPunkz, discovering how they navigate the Shibarium saga and make their mark in the NFT world. The future promises mysteries and potential—join us as we unravel this intriguing story.
In the ever-evolving landscape of cryptocurrency, governments around the world are wielding outdated bans and regulations in an attempt to stifle the financial revolution. The absurdity of these measures becomes even more apparent when they engage in market maneuvers, seemingly dumping crypto assets while clandestinely eyeing opportunities to buy low.
But let’s not lose sight of the bigger picture. The current price fluctuations are a mere blip in the broader journey of the crypto market. In an ecosystem where a 1000x increase in a week is not unheard of, short-term prices pale in significance.
As we weather the storm of regulatory challenges, it’s crucial to maintain perspective. The past two years have been a rollercoaster, yet those who have persevered know the importance of staying strong. HODLing through the bear markets requires resilience, but the promise of a financial revolution makes it a journey worth enduring.
Amid the chaos, the true pillars of success lie in the strength of teams and continuous development. If your crypto project adheres to its roadmap and remains focused on building, the current market conditions lose their immediate relevance. Crypto, for the non-trader, is a long-term investment that demands patience.
In these trying times, remember that success in the crypto space can be life-changing. As we face the cruel bear, the real value lies in the dedication to the vision and the unwavering support from the community. All hail the #Shibarium community, and the projects within it, our favorites $SHIB , $BONE, $LEASH, and others like $BAD.
Trust in the development, keep building, and continue pushing forward – for the revolution is not for the faint-hearted, but for those who believe in the transformative power of decentralized finance.
Introduction: Shibarium, a robust Layer 2 solution, stands as a testament to collaborative efforts by community members who introduced Shibaswap in 2021. The unwavering commitment of developers Shytoshi Kusama, Eric M, and Kaal Dhairya throughout the years, overcoming challenges in a bear market, underscores their dedication. They faithfully adhered to the Ryoshi vision plan, laid out by Shiba Inu’s founder, to craft Shibarium L2 exclusively for the Shiba Ecosystem.
Key Features:
• Gas Fee: Shibarium operates on Bone as its gas fee, ensuring every transaction results in the burning of Shib tokens. • Decentralization: Shib, Bone, and ETH, the three tokens within Shibarium, are fully decentralized. No entity, including Shiba Ecosystem devs, has access to their respective token supplies. • Automatic Burns: To enhance token scarcity, Shib developers are currently testing automatic burns on puppynet, reinforcing the commitment to a deflationary model. • DAO System: A comprehensive DAO system is in preparation, allowing the community to actively participate in decision-making processes. This DAO system will serve as the governance framework for all three tokens within Shibarium, empowering the community to collectively shape the future direction.
How to Use Shibarium:
1. Acquire Bone and ETH: Purchase Bone and ETH on specific exchanges or send your ETH to MetaMask for swapping to Bone. Remember to reserve some ETH for transaction fees. 2. Add Shibarium to MetaMask: Visit chain.shibrpc.com and seamlessly integrate Shibarium with your MetaMask wallet. 3. Bridge Transactions: Proceed to shibarium.shib.io/bridge to engage in bridge transactions, effortlessly connecting your assets within the fully decentralized Shibarium ecosystem.
Embark on your Shibarium journey, contributing to the decentralized evolution of the Shiba Inu ecosystem. Stay tuned for further developments! #Shibarium $SHIB #Layer2Network
The WOOF TEAM has connected with the Shib Metaverse's whale holder, utilizing $BONE to acquire land for constructing Shibmap Metaverse and developing "Shibs City."
This collaboration sparks curiosity about its impact on the ecosystem, and I look forward to following updates on their socials.