Cryptocurrency Shiba Inu (SHIB) is a decentralized blockchain and cryptocurrency. Currently, there is a lot of speculation within the Shiba Inu community as to why the token issuer has not yet renounced the BONE contract. This has prevented the token from being listed on some of the top 5 exchanges.

Ragnar, an admin from the ShibaSwap Telegram group, recently took to clarify the situation and put a rest to the rumor. According to him, 20 million BONE tokens will be minted and distributed between validators and other ecosystem participants, thus raising the total token supply up to 250 million tokens. Renouncing the contract right now would thus prevent these participants from receiving their tokens.

Furthermore, Ragnar stated that several exchanges ranked among the top 20 have decide to list BONE without any issues, indicating that the problem is not concerning the renunciation of the contract but other factors such as that the team is still in the process of expanding the token’s reach or that the top 5 exchanges are monitoring the performance of Puppynet and the deployment of Shibarium on the mainnet.

Therefore, depending on the team’s effort BONE should eventually make its way to these higher tier exchanges, providing investors with more opportunities to get involved with the SHIB ecosystem.



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