CandleFocus Crucial BONE Statement Made by SHIB Team
2024-10-07
Author: Content Editor
The marketing lead for SHIB, Lucie, highlighted the importance of the BONE token in the SHIB ecosystem, including Shibarium. She compared BONE to gas and electricity for a car, emphasizing its role as a gas fee token that keeps the whole system running. Additionally, BONE is used for token burns on Shibarium, where a portion of the fees paid in BONE are converted into SHIB and permanently locked in unspendable wallets. The goal of these burns is to reduce the circulating supply of SHIB tokens and potentially increase their value. In the last 24 hours, the burn rate for SHIB tokens increased by 555%.
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