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Here’s How Shiba Inu Community Can Make Binance List BONE Before Shibarium

Shiba Inu's Layer-2 Blockchain solution Shibarium is around the corner, but the community has another hurdle ahead of the launch.
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Here’s How Shiba Inu Community Can Make Binance List BONE Before Shibarium

The Shiba Inu community has backed the project and its developers such as Shytoshi Kusama, despite delaying the launch of the layer-2 blockchain solution Shibarium since last year. Shibarium will offer the benefits of scalability, faster transaction times, lower fees, and an expanded development framework.

While developers and the official Twitter handle of the Shiba Inu ecosystem hint at a potential launch of Shibarium Beta this quarter, the community has another big issue ahead of them. It is the listing of Bone ShibaSwap (BONE) token by the crypto exchange Binance.

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When Binance Will List BONE?

In its official Shibarium blog, the Shiba Inu team has confirmed that BONE will be the only gas token for Shibarium transactions and a reward token for validators and delegators. The BONE token is available since July 2021 for governance and now for Shibarium. But it hasn’t been listed by the world’s largest crypto exchange Binance.

After the Shibarium launch, BONE will be the main token. In fact, validators will lock a certain number of BONE tokens to provide security and stake BONE through staking management contracts on the Ethereum mainnet. Moreover, delegators will stake BONE into validator nodes responsible for validating transactions. Thus, most things around the Shibarium blockchain will involve the BONE token.

Also, Shibarium transactions will burn Shiba Inu (SHIB) token and helps increase the burn rate for SHIB. Despite so many uses points of BONE token, Binance hasn’t listed the token even in its “innovation zone.” In order to list BONE in the “innovation zone”, a founder needs to submit a listing application form. However, the identity of Shiba Inu’s founder Ryoshi is still a mystery. So, whether lead developer Shytoshi Kusama could submit the application with Binance?

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Community Files Petition Amid FUD

The community has taken the issue into its own hands and started a Change.org petition to list BONE on Binance. ShibArmy or the community’s previous petitions such as PayPal to accept SHIB as payment and Robinhood to list SHIB were successful. Only time will tell if the community will be successful this time or not.

Unification developer update reveals the Shibarium Beta launch is likely coming in Q1 as its team finishes testing Oracles of Oracle (OoO) for the Shibarium Layer-2 blockchain.

The recent Bonk Inu (BONK) hype forced many top crypto exchanges to list the token, but it fails to get listed on Binance. Will the Shiba Inu ecosystem’s BONE token grab the likes of Binance or fails to attract the exchange to list BONE token? It remains a big problem for the community ahead of the Shibarium launch. Undoubtedly, the listing will be massive news for the community and push the token on a bull run.

Also Read: Bone ShibaSwap (BONE) To Rank In Top 100? SHIB Community Bullish

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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