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Posted by4 days ago
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Posted by18 hours ago
Beating Heart

A similar title to a post on r/SHIBArmy. Below is u/po-tay-tow’s eloquent response — reading it reminded me of $BONE’s potential and got me hyped. Thought I’d share in case anyone is having qualms about buying, especially if they already have $SHIB:

As someone else has already said, it will be used as gas for any transaction on shibarium, shibs own layer 2 blockchain

It will also be used by validators / delegators as proof of stake to actually run the network and approve transactions etc (think along the lines of bnb, sol, matic etc) delegating is your key to passive income on shibarium, hopefully should be looking at 5 - 10% if comparing it to other networks but docs will confirm when they are released, it might even be that individual validators can set their own reward structure and offer higher % to attract more delegators, who knows

its your voting rights on how the ecosystem is run (or rather the staked version t-bone is, but basically the same thing)

supply of 250m in total (230m already minted, 20m reserved for validators / delegators rewards once shibarium is here) currently with around 75m circulating with no other locking mechanisms in place other than staking (t-bone) and locked rewards, shibarium should see more of the supply locked up with staking, dao votes and validators, I expect all of these things to have a lock period or at least a minimum withdrawal period but docs will confirm when they arrive.

low low market cap currently meaning plenty of room to grow, even in a bear market and just under 60000 holders

speaking of holders, shib has just over 1.2million just on dex alone, not counting who knows how many more who hold purely on exchanges, if even just half of those 1.2m bought bone the supply would run out at 416 bones per holder, that's assuming the full 250m supply was ever circulating (never going to happen) so you can assume that number will be even smaller in reality, now take into account that most holders already have thousands, tens of thousands or hundreds of thousands and that 416 shrinks further still, supply and demand, what happens to the price of something when supply is low and demand is high?

no major listings yet, cdc, coinbase, binance - what happened to shibs price when they listed?....  
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About Community

SHIBA INU (aka SHIB) is an experiment in decentralized spontaneous community building. The SHIBA ecosystem has three official coins $SHIB, $LEASH and $BONE.
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