The Shiba Inu community has been one of the driving forces in getting things done and pushing the use of SHIB in the broader cryptocurrency market. Pushing further its demands and agenda, the Shiba Inu community has conducted multiple campaigns and petitions in the past.
One such major instance from the past is the Shiba Army rallying behind to list the Shiba Inu (SHIB) cryptocurrency on the Robinhood exchange. It was signed by a total of 559,559 supporters.
Now, in the new petition, the Shiba Inu Army is calling for the listing of the governance token of the decentralized exchange ShibaSwap, BONE, on the world’s largest cryptocurrency exchange Binance. The petition is live on Change.org and so far, it has garnered nearly 1500 votes.
Decentralized exchange (DEX) ShibaSwap is the brainchild of Shiba Inu developers and was founded by its pseudonymous founder Ryoshi. BONE being the governance token of the Shibaswap ecosystem, it will allow the Shiba Army to vote on upcoming proposals.
The voting for this proposal will take place in DOGGY DAO, the decentralized autonomous organization (DAO) of ShibaSwap. The greater the number of BONE tokens the user holds, the more weight he/she will have in these future endeavors.
The total number of BONE tokens is 250 million and will be used to pay the gas fees on Shiba Inu’s much-awaited Layer-2 scalability protocol Shibarium. As per the latest updates, the Shibarium launch shall happen this month ahead on February 14. Also, lead developer Shytoshi Kusama has confirmed that things are on track for the Shibarium launch.
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The petition further notes that SHIB, BONE, and LEASH shall lead the next phase of the DeFi revolution. It further adds:
ShibaSwap gives users the ability to DIG (provide liquidity), BURY (stake), and SWAP tokens to gain WOOF Returns through our sophisticated and innovative passive income reward system.
Our platform also allows the ShibArmy to access upcoming NFTs and additional tools, such as portfolio trackers, to make navigating the crypto world simple and intuitive.
If this petition from Shiba Army finds success, it would certainly be a huge deal. The world’s largest cryptocurrency exchange Binance will offer massive liquidity to the BONE tokens. This will thus give more power into the hands of BONE owners and other players in the Shiba ecosystem.
As of press time, Shiba Inu’s native token SHIB is trading a whopping 13% up at a price of $0.00001417. Despite all the market turmoil over the last year, SHIB continues to hold its place among the top fifteen crypto assets.
Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fictions novels and sometimes explores his culinary skills.
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