Tokens that appeared from famous memes or pictures of cute animals are not uncommon — there are Dogecoin, Baby Doge Coin, Kishu Inu, and many more meme coins on the market. Some of them show shocking price jumps and enter the top coins by market cap ranks, while others turn out to be a scam and a failure for investors.
Bone ShibaSwap (BONE), a governance token of the ShibaSwap ecosystem, has been increasing at an accelerated rate since August 19. With its $2.10 high on August 30, it moved above a crucial Fib resistance level.
Let’s learn more about this token as well as find out how to buy BONE in the fastest and most effective manner!
Briefly About Bone ShibaSwap
ShibaSwap is the native decentralized exchange (DEX) of the Shiba Inu coin project. Launched in July 2021, the ShibaSwap exchange provides DEX functions, such as token swapping and liquidity pools, with the addition of other features, such as staking, governance, and a Shiboshis NFT marketplace. The platform is based on three native tokens.
BONE is one of the three tokens of the Shiba Inu ecosystem and is designed to function as the ShibaSwap platform’s governance token, with a total supply of 250 million coins.
With BONE, the SHIB community is able to vote on upcoming proposals and innovations for the SHIB ecosystem. The number of BONE tokens staked on ShibaSwap determines the weight and influence of the user’s vote. Additionally, BONE will serve as the ‘gas’ in the upcoming Shibarium Layer 2 blockchain solution.
What Is the Best Place to Buy BONE?
If you’re wondering where to buy some BONE tokens, you should definitely think about doing it at Switchere. On our platform, you have an opportunity to buy BONE in the fastest and most convenient ways using any available payment method.
Switchere is one of the most reliable online exchanges for buying cryptocurrencies. The company is a licensed provider of financial services, with guaranteed legal compliance and a secure infrastructure system for fast crypto exchange services at fair prices.
Switchere is characterized by the fastest order processing and instant delivery — in fact, you get your ordered amount of crypto within minutes after making a payment. Moreover, we offer some surprising bonuses! Users of our platform enjoy a 0% service fee for the first order.
Here is an easy step-by-step guide on buying BONE at Switchere!
- Visit our website and log in to your account.
- Choose the currency pair for exchange as well as a payment method and enter the amount. Don’t forget to check the transaction details by clicking on ‘Details.’ Once you’ve done, click the ‘Buy’ button.
- Specify your BONE wallet address and click on the ‘Buy’ button.
- Enter your card details and click on the ‘Pay Now’ button. Please take into account that you have a limited amount of time to send your funds. Elsewise, the transaction will be canceled automatically.
- Once you send the funds and your transaction receives the required number of blockchain confirmations, the amount of purchased BONE will be sent to your provided wallet address accordingly. Click on the ‘Show Order Status’ button to check the status of your transaction.
- Congratulations! The transaction is completed, and now you can check your BONE wallet.
Usually, Switchere transactions take 5-30 minutes. If you have any issues with the exchange process, let us know at [email protected]
Bone ShibaSwap Prospects
Experts have noticed that the Shiba Inu ecosystem token called Bone ShibaSwap (BONE) has shown fantastic growth rates in recent weeks. So, on August 30, 2022, the rate of the crypto asset increased by 120% in 48 hours against the background of several news at once, breaking the $2 mark.
Analysts said that the reason for the price explosion was a sharp increase in investor interest due to the listing of BONE on large centralized exchanges. First, Gate.io held a vote to add BONE, and then BlueBit officially announced the launch of BONE token trading.
This news, combined with the low liquidity of the digital asset, led to a rapid increase in trading volumes and, accordingly, a rise in the value of the digital currency. One way or another, BONE has sharply exceeded its historical price highs by 2 times.
According to official data, the BONE cryptocurrency was trading at $2.16 and was ranked 682nd in the ranking of all digital coins by market cap. According to the developer’s website, the total supply of BONE is 230 million tokens, while only 3% of them (6.9 million) are currently in circulation. The total supply of coins amounted to just over $14 million, while the total number of Shiba Inu (SHIB) in the market was almost $7 billion.
Experts assured that BONE has great development prospects, and the value of the digital currency will grow tenfold, especially after the launch of the Shibarium metaverse.
Now you know how to buy BONE cryptocurrency — and whether it’s worth it, everyone decides for themselves based on their own investment preferences, risk appetite, and other factors.
We hope that you have found our detailed step-by-step guide on how to buy BONE useful. Feel free to share your thoughts in the comments below!