Shiba Inu Team Provides Important Update on Bone Farms

The team behind the Shiba Inu published major updates on Bone’s casting rate. according to the blog PostThe new mining rate is set at 1 bpb [BONE per block] To prevent over-mining of crypto assets.

The team claims that slowing down the BPB, rather than stopping the mining process entirely, ensures not only the integrity of the DAO vote, but also the reward system, while the community over 230 million Bone votes Preserves the agreed mining ratio.

Earlier the community decided to cap the maximum supply at the original limit of 250 million bon by stopping its mining at 230 million.

Furthermore, this adjustment will also streamline Shibaswap rewards for the upcoming reward token Treat, which is set to enter the ecosystem soon.

We understand that reducing BPB may seem like a drastic approach to the rewards system right now, but streamlining ShibaSwap’s future will allow the team to focus on the tasks these systems take sooner rather than later. will bring to life.

“Tokenomics for TREAT not yet revealed”, the blog added. It then concluded the post by urging users to stay tuned to for upcoming releases.

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Shiba Inu Team Provides Important Update on Bone Farms

For those new to it, Bone is the governance token of the Shiba Inu ecosystem and Shiberium is about to become the ‘gas’ of the protocol, meaning that Shiberium token will be required to perform every function on SHIB’s layer 2 solution.

According to a recent update shared by Unification last month, the Shiberium public beta testnet is planned to be deployed in Q3, 2022.

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85% increase in Shiba Inu ‘whale’ transactions

According to data from IntoTheBlock, Shiba Inu whales, or large-scale investors, are on the move, as there has been an 85% increase in large transactions in the past days.

Transactions typically over $100,000 fall under large transactions and are sometimes linked to increased activity by whales that are either buying or selling.

Data from WhaleStats also showed that the top 100 Shiba Inu holders showed a 33% increase in active addresses, which contributed to the larger transaction volume.

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