The Shiba Inu team disclosed their latest strides towards renouncing the contract for Bone ShibaSwap [BONE], the gas token of Shibarium. As unveiled by an anonymous developer, the SHIB team is inching close to the completion of minting the remaining BONE supply. The feat, while seemingly technical, signifies a profound shift that involves surrendering control and ownership of the coveted token.
This groundbreaking development gave the birth of a placeholder token, called “Calcium.” This creation was carefully engineered for the sole purpose of disengaging the project from the BONE contract. Shiba Inu developer Kaal Dhairya sounded a clarion call of caution, resonating through the community: Calcium may exist, but it remains devoid of liquidity and is unsuitable for any trading activities.
Describing the minting of the final BONE token and the subsequent contract renunciation, Shiba Inu’s project lead recently emphasized its pivotal role in solidifying the forthcoming Layer 2 blockchain operations. As the meme token ecosystem hurtles toward a new era, he articulated,
This is a vital step in the initiation of our blockchain, as a substantial chunk of BONE is allocated to the first role in our impending system, the VALIDATORS. Furthermore, Bone will serve as a gateway to the future, functioning as the token DELEGATORS stake to partake in rewards, the GAS TOKEN for transaction fees, and an integral component of technology GOVERNANCE within our nascent system.
Shiba Inu’s BONE: Minting To Empowering Validators
The narrative unfolds further with an impressive 28.02 million BONE tokens already entrusted to the 12 validators currently presiding over Shibarium’s ecosystem. Leading the charge is Unification, with 5.53 million BONE tokens, closely followed by ShibArmy Africa, Chainmasters, and ShibArmy America, each commanding substantial holdings of 4.17 million, 4.02 million, and 4 million BONE tokens, respectively.
In essence, the ongoing journey of Shiba Inu towards contract renunciation and the empowerment of Shibarium validators stands as a testament to the resilience and dedication of the project’s community and developers.
Another noteworthy advancement occurred when the Shiba Inu hardware wallet, Tangem, joined forces with ChangeNOW, a well-known centralized cryptocurrency exchange, to introduce an innovative crypto-oriented offering named “Tangem Express.” This collaboration has ushered in a realm of opportunities within the cryptocurrency arena.