Bone ShibaSwap PriceBONE

What is Bone ShibaSwap (BONE)?

Bone ShibaSwap (BONE) is the governance token of ShibaSwap, a decentralized exchange (DEX) operating within the broader Shiba Inu ecosystem. Built on the Ethereum blockchain as an ERC-20 token, BONE gives the Shib Army community the ability to vote on proposals, submit governance initiatives, and access future NFTs. The token serves as a middle link between Shiba Inu (SHIB) and Doge Killer (LEASH), the two other core assets of the ecosystem. BONE launched in July 2021 alongside the ShibaSwap exchange, which went live on July 7, 2021. The maximum supply is capped at 250,000,000 BONE, with a circulating supply of approximately 229.92 million tokens, representing roughly 92% of the maximum. The project is currently focused on expanding its decentralized ecosystem, including Shibarium, the Shiba Inu ecosystem's layer-2 blockchain, whose release announcement was followed by a BONE price rally, and metaverse development.

Key Specifications & Tokenomics

• Name: Bone ShibaSwap
• Symbol / Ticker: BONE
• Blockchain / Platform: Ethereum
• Token Standard: ERC-20
• Contract Address: 0x9813037ee2218799597d83d4a5b6f3b6778218d9
• Official Website: https://shibaswap.com/
• Launch Date: July 2021
• Maximum Supply: 250,000,000 BONE
• Total Supply: 249,999,401.82484713
• Circulating Supply: 229.92M BONE
• % of Max Mined: 92.0%
• Category: Memes, Layer 2, Governance Token
• Explorer: etherscan.io
• Security: audited by CertiK (rating 3.8 out of 5, per CertiK); see the published audit report for scope and findings
• Minting Status: The Shiba Inu team stated in January 2025 that no further BONE minting is possible after the contract was renounced

As of June 2022, fewer than 7 million BONE tokens remained to be mined, per Binance's supply note.

Who created Bone ShibaSwap?

The Bone ShibaSwap project was established by the team behind Shiba Inu (SHIB), which was founded in 2020 by an anonymous person or group of people known as Ryoshi. BONE was introduced to the community in parallel with the launch of the ShibaSwap DEX in July 2021. Ongoing development of the Shiba Inu ecosystem is led by Shytoshi Kusama, with Kaal Dhariya identified as a top ecosystem developer; the original founder, Ryoshi, remains anonymous.

How does Bone ShibaSwap work?

BONE operates on the Ethereum platform and functions as the governance token for ShibaSwap. ShibaSwap was created as a fork from the SushiSwap DEX with a different fee and incentive structure and its own native tokens. Both platforms run on the Ethereum blockchain with ERC-20 standard tokens. On ShibaSwap, users can provide liquidity for exchange pairs. BONE was originally minted as liquidity rewards on ShibaSwap; in January 2025 the Shiba Inu team stated that no further BONE minting is possible after the contract was renounced, so rewards now come from the existing supply. Staked tokens receive a fixed percentage of BONE rewards, while SSLP pools are distributed as BPB (BONE per block) based on the allocation points assigned to each pool; actual returns vary with the amount and duration staked. Governance is exercised through the Doggy decentralized autonomous organization (DAO), where voting power is proportional to the number of BONE tokens held. The more BONE tokens a user holds, the more influence their vote carries on proposals, including decisions about which trading pairs will be added to ShibaSwap.

What makes Bone ShibaSwap unique and valuable?

BONE derives its value from its integral role in the ShibaSwap ecosystem and the broader Shiba Inu community, one of the most active communities in the memecoin space; Shiba Inu is described as the second-largest dog-inspired memecoin by market capitalization. As the governance token, BONE gives holders direct influence over the future development of ShibaSwap through the Doggy DAO. The token also provides access to upcoming NFTs and additional tools such as portfolio trackers. The ShibaSwap team is building a metaverse platform that combines SHIB, LEASH, and BONE toward the development of what the project calls "the best Decentralized Ecosystem (DECO) on the planet." BONE's utility in liquidity provision, staking, and governance creates multiple avenues for community participation. Shibarium, the Shiba Inu ecosystem's layer-2 blockchain, whose release announcement was followed by a BONE price rally, further positions BONE within an expanding ecosystem infrastructure.

What is Bone ShibaSwap used for?

BONE serves multiple functions within the ShibaSwap platform. Users can stake BONE through the BURY function to earn rewards, with returns depending on the amount and duration of tokens staked. BONE is also used in liquidity provision through SSLP pools, where SHIB holders provide liquidity for BONE reward tokens. The token enables community members to vote on upcoming proposals, submit proposals, and access future NFTs. On ShibaSwap, users can DIG (provide liquidity), BURY (stake SHIB, LEASH, BONE), SWAP (swap ERC-20 tokens), WOOF (receive rewards), FETCH (migrate Uniswap V2 liquidity to ShibaSwap and earn additional BONE), and use BONEFOLIO for analytics. Together, SHIB, LEASH, and BONE operate ShibaSwap, allowing users to earn BONE through various participation mechanisms.

How Is the Bone ShibaSwap ecosystem developing?

The ShibaSwap ecosystem continues to develop across multiple fronts. The ecosystem spans the ShibaSwap DEX, Shiboshi NFTs and the Shibarium layer-2 blockchain, with BONE positioned as the governance and utility link across them. The metaverse platform combining SHIB, LEASH, and BONE represents a significant development direction. Recent coverage has focused on staking disruptions and ecosystem security warnings, alongside continued BONE utility in governance and liquidity provision. The platform also allows the ShibArmy to access upcoming NFTs and additional tools such as portfolio trackers. The Shib Army remains an active holder community. The project's governance model through the Doggy DAO ensures that token holders have a direct say in the ecosystem's future direction, including which trading pairs are added to ShibaSwap.

How to mine Bone ShibaSwap?

BONE cannot be traditionally mined through proof-of-work. BONE was originally minted as liquidity rewards on ShibaSwap; in January 2025 the Shiba Inu team stated that no further BONE minting is possible after the contract was renounced, so rewards now come from the existing supply. Users can stake tokens to earn rewards, and the reward amount depends on the amount and duration of the staked tokens. Staked tokens receive a fixed percentage of BONE rewards, while SSLP pools are distributed as BPB (BONE per block) based on allocation points assigned to each pool. The 250 million BONE cap was designed to sit between the far larger SHIB supply and the much smaller LEASH supply. To earn BONE, users can participate in liquidity provision, staking, and other platform activities on ShibaSwap.

How to keep your Bone ShibaSwap Coin safe?

Keeping BONE tokens safe requires following established security practices for ERC-20 tokens on Ethereum. Use a reputable self-custody wallet that supports ERC-20 tokens and do not share your private keys or seed phrase with anyone. Verify contract addresses before interacting with any token or platform, and ensure you are using the official ShibaSwap website. Be cautious of phishing attempts and fake tokens that mimic legitimate projects. Consider using hardware wallets for long-term storage of significant holdings. Since BONE operates on Ethereum, you will need ETH to cover gas fees for transactions. Always conduct your own research before making investment decisions, as crypto is highly volatile and prices can move sharply in either direction. This article is for informational purposes only and does not constitute investment advice. Crypto asset prices are highly volatile; do your own research and bear your own risks.