Poloniex Lists Top Shiba Inu Ecosystem Token Bone Shibaswap (BONE)

Poloniex took to Twitter to announce the addition of Bone ShibaSwap (BONE), listing the timeline for the same. BONE token deposits will open on March 9, 2023 at 10:00 (UTC); and BONE/USDT trading will commence on March 9, 2023 at 11:00 (UTC).

Bone ShibaSwap (BONE) price update

Bone ShibaSwap falls by 6.09% over the past 24 hours despite its listing on a new exchange. Each BONE token is currently trading at 1.70 USD. The market cap has come down to 390 million USD and trading volume has dipped by 65.73%. Source: coinmarketcap

Bone ShibaSwap is a decentralized cryptocurrency exchange built on the Ethereum blockchain. Bone ShibaSwap operates on a peer-to-peer basis, allowing users to trade cryptocurrencies without intermediaries. It uses an automated market maker (AMM) mechanism to determine prices and facilitate trades. The BONE token serves as a governance token for the Shibaswap ecosystem, enabling holders to propose improvements and vote on proposals made by other members of the community.

Shiba Inu price update

The high burn rate led to a shooting up in the price of the meme crypto a few hours back, however, SHIB price is down now. The token has gone down over 2.80% in the last few hours. Each SHIB token is currently trading at 0.00001088 USD. However, the market cap has come down to 5.97 billion USD and trading volume escalates by 20.97%. Source: coinmarketcap

The burn rate of SHIB tokens has skyrocketed by 26462% over the last 24 hours. According to Shytoshi Kusama, the lead developer of Shiba Inu, Shibarium, the Layer-2 blockchain, will be launched this week. As Coingape reported, in anticipation of this highly anticipated release, the developers and social media admins of Shiba Inu have also cautioned the community about the increasing number of scams related to the Shibarium project.