Shiba Inu Bone token price beats SHIBANG price
Cryptoharian-in a major step for the Shiba Inu ecosystem, the BONE token has undergone a significant transformation known as “renounce.” This important process has marked a milestone on the way to full decentralization.
Kaal Dhairya, one of the members of the Shiba Inu development team in officially confirmed this development through a post on social media platform X.
The term “renounce " in the context of the BONE token indicates the process of relinquishing control, that is, a step to strengthen decentralization and ensure the system's immunity to unwanted intervention.
This complicated procedure involves the implementation of timelock contracts and decentralized multisig wallets. Each step is rigorously tested to maintain system integrity.
As rumored, this process includes setting allocation points to zero, creating decoy tokens, and updating the reward structure before finally releasing the BONE contract.
After renounce, BONE experienced a significant increase in value. According to CoinGecko data, the price of the Bone token jumped by almost 3.4 percent, and is currently at US$ 0.88.
However, it should be noted that the native SHIB token, although part of the same ecosystem, has decreased in value by 1.3 percent over the past 24 hours.
