Binance may be pushed to onboard Shiba Inu ecosystem token BONE following the latest development with the Bone ShibaSwap renunciation contract.
The Shiba Inu development team continues to make needed preparations for the upcoming mainnet launch of Shibarium. The latest update shared by Shytoshi Kusama regarding Bone ShibaSwap (BONE) may trigger Binance to list the asset finally.
We are gearing up to launch Shibarium! Read about it in our blog: Bone: The Passport to Shibarium https://t.co/OGpAU8c1Yx
— Shytoshi Kusama™ (@ShytoshiKusama) July 31, 2023
Notably, BONE is among the top Shiba Inu ecosystem tokens. It is the governance token of ShibaSwap and has been designated to serve as the gas token for Shibarium. Despite its significant role in the Shiba Inu ecosystem, the crypto asset has not been listed on the top 5 trading platforms.
Binance is among the exchanges yet to support BONE trading. As reported by The Crypto Basic, several community members speculated that the non-renunciation of the BONE contract had deterred these leading exchanges.
To counter these claims, a SHIB ecosystem official, Ragnar, noted that BONE secured listings on six exchanges in April alone. According to the community admin, the delay in BONE’s listing may be because these top exchanges are examining the performance of Puppynet and Shibarium mainnet deployment.
Binance Expected To List BONE
Amid these developments, Shytoshi Kusama revealed on Monday that the Shiba Inu development team would renounce the BONE contract. The lead developer added that the remaining 20 million BONE tokens would be minted before the contract renunciation.
“…in the next few days, you will notice that we will mint the remaining supply of bone and renounce the bone contract so that no further minting will be possible,” Kusama highlighted in the fresh Medium post.
This means the token issuer would relinquish ownership and control of the BONE contract. Likewise, the Shiba Inu development team would no longer be able to mint the ecosystem token. Following this latest update, the world’s largest crypto exchange by trading volume, Binance, could be pushed to list BONE.
It bears noting that Binance enabled price tracking for the Shiba Inu ecosystem token in June. While the exchange has made no official statement, community members are optimistic about BONE listing on Binance.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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