- BONE secretly fuels SHIB burns through Shibarium’s gas mechanism.
- Token also powers SHIB DAO, giving holders real voting rights.
- Converted BONE helps permanently reduce SHIB’s circulating supply automatically.
A recent update from the SHIB-linked X account @Shibizens has stirred attention across the Shiba Inu community by exposing what it calls a “secret” behind the BONE token. According to Shibizen (@Shibizens), BONE is far more than just a meme asset; it carries a critical function within the Shibarium ecosystem that many may have overlooked.
The update emphasized that BONE plays a central role in powering Shibarium, Shiba Inu’s layer-2 blockchain. BONE is the official gas fee token of the network, meaning every transaction made on the network requires it.
This is not a simple utility; a certain percentage of these gas fees automatically gets deducted towards a bigger purpose, which is related to SHIB’s tokenomics.
Shibizens also reported that BONE assists in the systematic burn of SHIB. When one has accumulated sufficient BONE in transactions, it is transformed into SHIB. The SHIB is then burned into dead wallets, effectively taking it out of circulation. This automated mechanism also helps make SHIB scarcer eventually.
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BONE Powers SHIB Burns and Community Governance Behind the Scenes
Aside from fueling the network, BONE also serves another primary function: it is the governance token within the SHIB DAO. It allows holders to vote on ecosystem proposals and help shape development decisions, further reinforcing the token’s significance beyond its meme status.
The post also reminded citizens of the community about the publicly available portal to burn on the Shiba Inu site. With this capability, users can burn their SHIB at any given time, which provides greater control over reducing the supply of the tokens.
With this revelation of a hidden feature, Shibizens wants to change the perception that the SHIB Army has of BONE, not only as a meme, but as a building block of a network that will enable and sustain SHIB in the long term.
The update emphasizes the two-fold power of BONE as a utility token and as a tactical tool in the SHIB deflationary model.
The SHIB community can now better understand why BONE would have a deeper position in Shibarium. Whether you refer to governance or automated burns, BONE is more than what it seems to be.
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