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View ChartBone 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 the planned Shibarium layer-2 blockchain and metaverse development.
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. Detailed public information about individual team members is currently limited, consistent with the pseudonymous nature of the Shiba Inu ecosystem's origins.
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, and BONE tokens are minted to reward those who supply liquidity. Staked tokens receive a fixed percentage of BONE, while SSLP pools are distributed as BPB (BONE per block) based on allocation points assigned to each individual pool. 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.
BONE derives its value from its integral role in the ShibaSwap ecosystem and the broader Shiba Inu community, one of the largest and most active communities in the cryptocurrency space. 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. The planned Shibarium layer-2 blockchain further positions BONE within an expanding ecosystem infrastructure.
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.
The ShibaSwap ecosystem continues to develop across multiple fronts. The Shiba ecosystem includes the planned Shibarium layer-2 blockchain, referenced alongside Shiboshi NFTs and the ShibaSwap DEX as things developers launched. The metaverse platform combining SHIB, LEASH, and BONE represents a significant development direction. Recent news highlights steady ecosystem growth and a quiet but active utility role for BONE. The platform also allows the ShibArmy to access upcoming NFTs and additional tools such as portfolio trackers. With over 98,600 addresses holding BONE, the community remains engaged. 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.
BONE cannot be traditionally mined through proof-of-work. Instead, tokens are minted and distributed as rewards to users who provide liquidity for exchange pairs on ShibaSwap. 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, while SSLP pools are distributed as BPB (BONE per block) based on allocation points to each individual pool. The maximum supply of 250 million BONE was designed to fit between the massive 500 trillion supply of SHIB tokens and the much smaller supply of LEASH tokens. To earn BONE, users can participate in liquidity provision, staking, and other platform activities on ShibaSwap.
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 never 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. Every figure is information, not financial advice.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for BONE are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Bone ShibaSwap (BONE) is $0.052724. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated BONE to USD rate at the top of BTCC’s price page. In terms of market scope, Bone ShibaSwap records a 24h trading volume of $555.741381K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $12.358478M. Its current circulating supply stands at 229.92M out of a maximum supply cap of 250M.
The price volatility of Bone ShibaSwap (BONE) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (229.92M) to max supply (250M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Bone ShibaSwap (BONE) hit an all-time high (ATH) of $41.673553 on 2021-09-13 19:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.035811 on 2026-06-26 11:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading BONE futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($555.741381K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s BONEUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Bone ShibaSwap, simply log into your BTCC account with USDT margin available, navigate to the BONEUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for BONEUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.052724), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for BONEUSDT with zero financial risk.
Trading Bone ShibaSwap (BONE) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for BONEUSDT, and review its live price ($0.052724) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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