A Singapore-based cryptocurrency exchange has added BONE, a key token for the Shiba Inu (SHIB) ecosystem. Here are the details…
MEXC adds a major cryptocurrency in the SHIB ecosystem
Singapore-based global cryptocurrency exchange MEXC Global has accumulated 11.63 million Bone ShibaSwap (BONE). Then it launched a special rewards event for BONE. Singapore-based leading cryptocurrency exchange MEXC Global has collaborated with Bone ShibaSwap (BONE), the management token of the Shiba Inu ecosystem. Launched a special “sign up, deposit and trade” event. The leading cryptocurrency exchange offers a prize pool of 5,555 BONE for new traders. The event will end on August 30, 2022
This event is a “win-win” event for MEXC Global and Bone ShibaSwap. Thanks to this event, MEXC Global will be able to attract new registrations and BONE will be able to find new investors. Meanwhile, MEXC Global accumulation made the platform the third largest BONE holder. Etherscan.io data shows that MEXC Global currently holds a total of 11,633,237 (11.63 million) BONDS worth $12,098,566 ($12.09 million) in its wallet.
Founded in 2018, MEXC Global is a leading global cryptocurrency exchange based in Singapore. The exchange currently has more than 6 million registered users from over 200 countries worldwide. In 2021, MEXC Global was awarded “Asia’s Best Crypto Exchange” at Crypto Expo Dubai.
BONE price jumped
Shortly after the event, BONE experienced an increase in demand. BONE price took back $1. It then rose 30 percent to $1.14. Currently, BONE is changing hands at $1.06, up 4%. Its 24-hour trading volume is $12,459,127 while its market cap is $78.4 million. This makes it the 308th largest cryptocurrency by market cap.
It allows SHIB investors to vote on new and upcoming proposals in Doggy DAO with a maximum supply of 250,000,000 tokens. BONE is set to be used by Shibarium as a native gas token to transact on the Blockchain. Also, BONE is a management token of the Shibaswap ecosystem. Allows the Shiba Inu community to vote for upcoming offers. The more BONUS a user keeps, the more their votes will weigh on these future efforts.
SHIB, LEASH and BONE have teamed up to create ShibaSwap, the next evolution in DeFi platforms. Shibaswap also allows the Shiba community to access upcoming NFTs or additional tools such as portfolio trackers.
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