Shiba Inu reveals major bone update as release of Shiberium Approach
Shiba Inu The team shared an update on Bone’s new mining rate in a blog post. It says that instead of completely halting Bone’s mining process closer to the 230 million cap, it aims to slow down the BPB (Bone Per Block) by adjusting the current mining rate to 1 BPB.
Important information regarding bone farm
— Shib (@Shibtoken) 16 July 2022
This appears to be necessary to prevent bony overdoses and allow Shibaswap rewards to continue running in anticipation of the upcoming Bounty Token Treat, which is planned to enter the ecosystem soon.
It says it will protect the integrity of the DAO vote and reward system, while protecting the agreed-upon mining ratio voted on by the community on the 230 million BONE. The community had previously decided to limit the maximum supply at the original limit of 250 million bon by pausing its mining at 230 million.
— BoneShiba Swap (@BoneShiba) 15 July 2022
According to the data shared on official bone twitter Handle, only 499,000 bon have been left at the mint to achieve the 230 million cap by July 15.
The upcoming Schiberium will need to secure 20 million Bone for its operation, with the verifier/rep and gas reserve for Layer 2 by this action. Additionally, validators will be rewarded in Bone for their work on Shiberium. According to a recent update shared by Unification last month, the Shiberium public beta testnet is planned to be deployed in Q3, 2022.
Another major exchange list BONE
Sikka TigerSingapore-based cryptocurrency exchange, has announced the listing of Bone.
— CoinTiger (@CoinTigerEX) 13 July 2022
Canadian exchange, Biconomy Global, announced the listing of the BON/USDT pair on July 12. In early June, Canadian digital asset derivatives trading platform BTCEX also disclosed the listing of the BON/USDT pair.
Bone is the governance token of the Shiba Swap ecosystem that allows the Shiba Inu community to vote on upcoming proposals and has a maximum supply of 250,000,000 tokens.