INDODAX, Indonesia’s most prominent crypto exchange, has listed a Shiba Inu ecosystem token, Bone ShibaSwap (BONE).
The exchange took to X to proclaim the development, expressing its delight at the move.
“We are pleased to announce a new crypto Asset that will be added to the INDODAX marketplace, BoneShibaSwap (BONE),” the statement read.
We are pleased to announce a new Crypto Asset that will be added to the INDODAX marketplace, BoneShibaSwap (BONE) @Shibtoken
For more information?? https://t.co/EpH2DygmkI#INDODAX #AsetMasaDepan pic.twitter.com/3eL9R5hZWn
— indodax (@indodax) December 19, 2023
BONE Now Available on INDODAX
INDODAX noted that this recent addition marks another milestone as it expands its offering of tradable assets for crypto enthusiasts in Indonesia.
Following this listing, the exchange created an article to provide insights into the newly added cryptocurrency and guide users on acquiring it.
INDODAX highlighted BONE serves as the governance token for the Shiba Inu decentralized exchange (DEX) ShibaSwap. Furthermore, it mentioned that the token empowers the Shiba Inu community to participate in voting for upcoming proposals and gain access to forthcoming NFTs. The influence of an individual’s vote is directly proportional to the quantity of BONE tokens they hold.
Additionally, INDODAX cited that the ShibaSwap DEX debuted in July 2021, providing a platform for users to exchange their SHIB tokens for other cryptocurrencies. It stated that within ShibaSwap, SHIB holders contribute liquidity to earn BONE reward tokens.
Besides, the Indonesian trading platform highlighted that the Shiba Inu team built BONE on the Ethereum blockchain alongside other ecosystem tokens, such as Doge Killer (LEASH).
It is worth mentioning that BONE also serves as the gas token of the Shiba Inu blockchain, Shibarium. The Shiba Inu team routinely deployes a portion of the accumulated BONE tokens to burning SHIB.
More BONE Listing
Notably, the Shiba Inu ecosystem token has similarly secured major support from other prominent trading platforms.
Some of BONE’s most recent listings include the Australian exchange GroveX, the Turkish exchange ICRYPEX, and the Czech Republic-based platform Changelly. In April, six exchanges listed BONE in one week.
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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