Shiba Inu’s BONE Poised for Binance Listing After Latest Update

Binance Futures' Consideration of BONE Token for Listing

The Shiba Inu development team remains actively engaged in necessary preparations for the highly anticipated launch of Shibarium’s mainnet. In the latest development, Shytoshi Kusama’s update regarding Bone ShibaSwap (BONE) has raised the possibility of Binance finally considering listing the asset.

BONE, one of the key tokens in the Shiba Inu ecosystem, serves as both the governance token for ShibaSwap and the gas token for Shibarium. Despite its crucial role, BONE has yet to be listed on the top 5 trading platforms, including Binance.

Speculations arose among community members that the non-renunciation of the BONE contract might have deterred these major exchanges from listing it. However, a SHIB ecosystem official, Ragnar, refuted these claims, pointing out that BONE secured listings on six exchanges in April alone.

Ragnar explained that the delay in BONE’s listing on top exchanges could be due to them closely evaluating the performance of Puppynet and the successful deployment of Shibarium’s mainnet.

Related article: Shiba Inu’s 30-Day Performance: Can the SHIB Sustain Its Impressive 12.98% Price Surge?

Incoming BONE Listing on Binance?

In light of the ongoing developments, Shytoshi Kusama made an announcement on Monday stating that the Shiba Inu development team plans to renounce the BONE contract. Furthermore, the lead developer revealed that the remaining 20 million BONE tokens would be minted prior to the contract renunciation.

“…in the next few days, you will notice that we will mint the remaining supply of bone and renounce the bone contract so that no further minting will be possible,” Kusama stated in a fresh Medium post. 

This decision implies that the token issuer will give up ownership and control of the BONE contract, and the Shiba Inu development team will lose the ability to mint the ecosystem token. Given this new development, Binance, the world’s largest cryptocurrency exchange by trading volume, may be influenced to finally list BONE.

It’s important to note that Binance has allowed price tracking for the Shiba Inu ecosystem token since June. While the exchange has yet to make any official announcements, and members of the community are hopeful about the prospect of BONE being listed on Binance.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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