Shiba Inu’s Bone, Minting Remaining Supply and Contract Renouncement Explained

• Shytoshi Kusama announces the minting of the remaining supply of Bone and the renouncement of the Bone contract.
• The move is in preparation for the launch of Shibarium, Shiba Inu’s own Layer 2 blockchain.
• Bone will serve as a passport to the future, being the token for delegators, the gas token for Shibarium, and technology governance within the new system.

In a recent blog post, Shytoshi Kusama, the pseudonymous lead of the Shiba Inu project, announced a significant development. In preparation for the launch of Shibarium, Shiba Inu’s own Layer 2 blockchain, the remaining supply of Bone will be minted, and the Bone contract will be renounced. This move is a necessary step towards starting the new blockchain.

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Bone, a key component of the Shiba Inu ecosystem, is set to play a crucial role in the upcoming system. It will be allocated to the first role in the system, the validators. Moreover, Bone will serve as a passport to the future. It will be the token that delegators bury to get a portion of the rewards. It will also be the gas token for Shibarium and will be used for technology governance within the new system.

Shytoshi Kusama stated,

The launch of Shibarium and the new role of Bone represent a significant step forward for Shiba Inu. It’s not just about following the path of decentralization; it’s about trailblazing a new destiny for the world. One that leads us to a universe not marked by an ‘X’ but painted with the vibrant hues of infinite possibilities.

The future of Shiba Inu and SHIB appears bright. With the upcoming launch of Shibarium and the new role of Bone, the Shiba Inu ecosystem is set to make significant strides in the crypto space. The potential of SHIB and Bone to revolutionize transactions suggests a positive trajectory for Shiba Inu in the crypto market.

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