Bone ShibaSwap ($BONE), one of the three main tokens within the Shiba Inu ($SHIB) ecosystem, has been listed on a major cryptocurrency exchange backed by the founder of Tron ($TRX) Justin Sun.

Poloniex, the crypto exchange in question, announced that it is listing BONE, a cryptocurrency that will be used to pay for the gas fees of Shibarium, Shiba Inu’s highly anticipated Ethereum-based layer-2 scaling solution.

The token is known to be central to the ecosystem’s decentralized exchange ShibaSwap, and according to Coinbase, it’s a “governance token that aims to allow the Shiba users to vote on the upcoming proposal on Doggy DAO,” which is the ShibaSwap platform’s decentralized autonomous organization.

ShibaSwap allows BONE token holders to earn rewards for providing liquidity to the network, with users being able to swap their ERC20 tokens for other coins through it. BONE token holders can also stake on the platform to earn interest.

BONE is also central to Shibarium, as the team behind the platform has confirmed that every transaction on it will require BONE to pay for gas fees, and will burn SHIB to make the latter more scarce.

The token’s price has been rising ahead of the expected launch of Shibarium. Shibarium will work alongside Ethereum to process transactions on the Shibarium ecosystem. It will take a large cut of the transaction load the Shiba Inu ecosystem currently brings onto Ethereum to process it on the Shibarium chain.

As CryptoGlobe reported, the rise has seen BONE become a top 100 cryptocurrency earlier this month. The addition of BONE to Poloniex’s listing is a significant development for the Shiba Inu ecosystem, as it opens up new avenues for investors to get involved.

#bone #SHIB #koinmilyoner #buildtogether

The lead developer of Shiba Inu (SHIB) is denouncing the spread of fear, doubt, and uncertainty (FUD) as the crypto project launches the testnet of Shibarium, its new layer-2 project.

In a new blog post, pseudonymous SHIB developer Shytoshi Kusama aims to debunk a rumor allegedly started by a competitor that Shiba Inu creator Ryoshi is in fact Sam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX.

Citing two pieces of “meme evidence” – his love of professional wrestling and his disdain for centralized exchange networks – Shytoshi says it’s not possible for Ryoshi to be Bankman-Fried.

“The biggest FUD and FUDDER goes to a dude making a competing product trying to convince you that [Sam Bankman-Fried] is Ryoshi. Now that the team, and everyone that ever saw Ryoshi post is done laughing, let’s give two pieces of meme evidence that this is not the case.

Ryoshi was a big fan of wrestling. WWF wrestling to be specific. He chose Gifs of people like Macho Man Randy Savage and Ric Flair! At one point we even considered getting Ric Flair for a Shib commercial. [Bankman-Fried] wasn’t even BORN at this time. So how could he even know how to step into a Slim Jim? More importantly, Ryoshi, as seen in his posts, was NOT a fan of centralized exchanges (CEX) and would NEVER have run one himself. Do better fudders, do better.

So, as we continue forward, and our former, and new frens attempt to attack the army, produce new FUD, and even YOUR projects… stay strong. We are building for a better future. WOO!”

The highly anticipated Shibarium project launched in its beta form last week. Its testnet, called “Puppynet,” does not support real crypto tokens yet, but the development team says once the beta is finished, the platform will create a new ecosystem where tokens can be swapped using the digital asset ShibaSwap (BONE) to pay for gas fees.

SHIB is moving for $0.000011 at time of writing, a 2% gain on the day.

#SHIB #bone #shibarium #shibainu #koinmilyoner

SHIB and BONE suffered a decline after news emerged about Shibarium chain ID.

SHIB has, however, recovered while BONE continues to struggle after plans of new Beta redeployment came to light.

After initial worries were voiced regarding the chain, the Shiba Inu Shibarium testnet, also known as the Puppy net, caught up without a hitch. With what appeared to be a clarification, the tokens also looked to be on the road to recovery from the FUD surrounding them.

There was some disagreement in the Shiba Inu community earlier in the week after the debut of the Shibarium. One of the community members noticed that the Layer 2 network (L2) was using the chain ID for an unrelated project. Due to the lack of prompt action, these worries had a detrimental effect on the price movement of SHIB and BONE.

Addressing the Shiba Inu FUD

One of the main Shiba Inu developers addressed the confusion with the chain ID when the worries were raised, and the accompanying Fear, Uncertainty, and Doubt (FUD) set in.

Kaal Dhairya said in a tweet that the chains chosen for the Alpha network rollout were randomly chosen. According to him, the chains were not reviewed before final deployment but were not registered to any projects when they were selected.

He continued by announcing the intended deployment of a new version of the Beta network with a new chain ID.

The state of the Shiba Inu Shibarium and SHIB active address

A scan of the L2 testnet with puppyscan showed that activities had ramped up. With an average block time of 5.0 seconds as of this writing, it had generated over 400,000. Also, it had already performed more than 2,500 transactions and had more than 2,500 wallets registered on the network. 

A rise in Shiba Inu (SHIB) addresses was also visible in the lead-up to the release of Shibarium, as measured by Santiment’s active address statistic.

As of this writing, there were approximately 31,000 active SHIB addresses, which showed that it had maintained its previous level of success.

#SHIB #shibainu #bone #koinmilyoner #GPT-4

A beta version of Shiba Inu’s (SHIB) highly anticipated layer-2 scaling solution Shibarium is officially live.

The pseudonymous developer in charge of the project, Kusama, says his team has flipped the switch and early beta testers can now use the testnet.

However, he warns crypto traders that tokens on the testnet, which has been labeled the Puppynet, are not in any way investments.

“For the TLDR people, this is an open early beta test so go ahead, you can access it now here! Shibarium official RPC website is available here.

All tokens on Puppynet are NOT REAL. Don’t spend you’re hard earned SHIBS on these tokens if you see them no matter how hard people, anyone, shills.”

Shibarium is an Ethereum-based layer-2 blockchain similar to Polygon (MATIC).

It’s designed to allow developers to create fast, inexpensive and highly scalable applications.

The project was first announced in May of 2021 and has been in steady development ever since.

Once the beta test is complete, the platform will spawn a new ecosystem of custom tokens that can be traded using Bone ShibaSwap (BONE) to pay for gas.

#SHIB #bone #koinmilyoner #buildtogether #memes

Leading payment processor NOWPayments is eager to add support for Shibarium.

The move would make the payments gateway the first to integrate the L2 blockchain.

It will enable the company to support tokens and projects built on Shibarium. 

Shytoshi Kusama has welcomed the proposal.

Leading payment processor NOWPayments has delivered amazing news for meme crypto fans, announcing its plans to integrate the Shibarium blockchain and provide an ecosystem of tools for all Shiba Inu-related endeavors. This move will make the company the first payment gateway to adopt the Layer-2 (L2) blockchain.

NOWPayments to support all Shibairum projects

Based on the official announcement, NOWPayments plans to focus its team’s efforts on adopting Shibarium upon its premiere. Upon implementation, the payment processor will be able to support tokens and projects built on Shibarium by providing infrastructure for all Shiba Inu-related endeavors and, in the process, accept Shibarium L2 payments.

NOWPayments touts itself as the best service for users to accept crypto payments on their websites, online stores, and social media accounts. Being a non-custodial service, it does not hold or store user funds in any way. The platform supports over 50 cryptocurrencies, offering low transaction fees.

Shibarium is the blockchain of the people

The interest comes as NOWPayments considers Shibarium “The Blockchain of The People,” promising expedited transaction speeds at lower fees. With these value-additions, the firm hails Shibarium as the ideal business integration choice.

Further, Shibarium is also lauded as the basal platform for developing decentralized applications (Dapps) like Shib-The Metaverse (Shib.io) and Shiba Eternity, among others. It is worth mentioning that the firm is drawn to Shibarium for its “security, transparency, efficiency, cost-effectiveness, and true decentralization,” which, according to NOWPayments, are the blockchain’s primary benefits.

Notably, the collaboration between NOWPayments and the Shibarium blockchain is expected to be mutually beneficial. The payment processor hopes to be a valuable addition to Shib-The Metaverse, Shib Eternity, and every other project built atop the Shibarium blockchain.

According to the payments company, Shibarium’s security hinges on a Proof-of-Stake (PoS) algorithm where users must stake BONE tokens. Noteworthy, you can use NOWPayments to accept the BONE tokens.

Shibarium’s Shytoshi Kusama approves

The announcement also notes that Shibarium lead developer Shytoshi Kusama has issued a welcome email to NOWPayments after the payments processor summited its application to the official Shibarium website. The approval letter is a go-ahead signal for the company to provide more details about its proposed solutions before further direction from the Shibarium team. 

Besides integration, the financial processor indicates that it has been developing content around the real-life applications and benefits of Shiba Inu (SHIB) as part of its strategy to raise awareness and conduct educational campaigns.

Moving forward, NOWPayments will continue creating new infrastructure (tools and features) for Shibarium projects and the Shiba Inu ecosystem at large. These will all be partisan to its commitment to finding the best ways of integrating Shibarium.

Shiba Inu, Bone ShibaSwap price could record more gains if buyer momentum grows

Shiba Inu price has recorded a green candlestick on the four-hour timeframe, hinting a bullish attempt to recover the market. Similarly, Bone ShibaSwap has been trading with a bullish bias for weeks, consolidating along an uptrend line.

An increase in buyer momentum could solidify the uptrend move and deliver more gains for investors. 

#Binance #SHIB #bone #BullRun #Meme

Shibarium’s Puppynet beta testnet has seemingly captivated the community behind the meme-inspired cryptocurrency Shiba Inu ($SHIB), registering over 550,000 wallet addresses and processing in excess of 2.5 million transactions within a mere three weeks since its inception, according to blockchain data.

At the time of writing, blockchain data shows that around 2.7 million transactions have been processed, while 568,400 wallets have been created on the blockchain. The layer-2 network has seen these transactions get included in over 330,000 blocks, with an average block time of six seconds.

The network reached a new milestone on April 11, after recording a total of 890,000 transactions in a single day, up from around 480,000 transactions on April 10. Before the surge, daily transactions on the network were anywhere between 1,000 and 14,000.

Crypto influencer Lucie has also pointed out that Shibarium’s testnet has already seen developers launch 71 tokens on top of it. Shibarium-related social media platforms have also seen significant rises in activity, with its Discord server seeing over 100,000 messages exchanged since launch.

As CryptoGlobe reported Bone ShibaSwap ($BONE), one of the three main tokens within the Shiba Inu ($SHIB) ecosystem, has seen a significant surge in large transactions as Shibarium’s testnet, Puppynet, continues to experience growth.

According to data from on-chain analytics firm IntoTheBlock, the total volume of large transactions involving BONE increased from 119,360 to 377,960, representing a rise from $127,800 to $402,000.

As CryptoGlobe reported, this year BONE saw its price explode in a move that helped it become one of the top 100 cryptocurrencies by market capitalization.

The token is known to be central to the ecosystem’s decentralized exchange ShibaSwap, and according to Coinbase, it’s a “governance token that aims to allow the Shiba users to vote on the upcoming proposal on Doggy DAO,” which is the ShibaSwap platform’s decentralized autonomous organization.

BONE is also central to Shibarium, as the team behind the platform has confirmed that every transaction on it will require BONE to pay for gas fees, and will burn SHIB to make the latter more scarce.

#SHIB #bone #Binance #shibarium #BTC

Shiba Inu price nears psychological support that could trigger a falling knife when broken.

SHIB receives positive news from CetoEX, a top exchange in Dubai, on the possible listing for BONE.

A tailwind could come quickly and lift SHIB back above $0.00001100.

Shiba Inu (SHIB) price is in bad paper as some dark clouds are hanging over the price action. This Monday morning, however, some positive news out of Dubai could bring about a tailwind that opens up the sky for SHIB bulls. CetoEX, a fast-growing exchange in Dubai, is set to list BONE on its platform, which might conjure additional interest for SHIB’s price action.

Shiba Inu sees positive development coming in at this crucial time

Shiba Inu price broke below the always crucial 200-day Simple Moving Average (SMA) last week and is, from a technical point of view, set to sink lower. That was the idea until this Monday morning when an official statement out of Dubai could bring the much-needed tailwind for SHIB to lift price action back up. CetoEX, one of the fastest-growing exchanges in Dubai, has expressed its intent to list BONE ShibaSwap (BONE), which is the governance token of ShibaSwap. 

SHIB might see revamped interest on the back of this communication with additional interest from investors. Expect to see a gradual pickup of interest that could see SHIB print 10%. Around $0.00001100 would be ideal, as bulls would then have reclaimed the monthly pivot and could be seen trading higher in the coming weeks toward $0.00001200.

The threat to the downside is with the Death Cross that is nearly being formed on the chart. The 55-day Simple Moving Average is already heading lower as the 200-day SMA is flatlining. Another few negative candles could be enough to drag the 55-day SMA below the 200-day SMA and even tilt that 200-day SMA to the downside. If a Death Cross gets activated, it will trigger massive sell-offs across the board, with SHIB tanking toward $0.00000966.

#Binance #crypto2023 #bone #SHIB #shibainu