Shibarium, the highly anticipated layer-2 scaling solution for the Shiba Inu ecosystem, remains in beta with no confirmed mainnet launch date. While initial expectations pointed to a launch before the end of 2023, comprehensive audits are still underway as emphasized by lead developer Shytoshi Kusama. A key element within this ecosystem is Bone ShibaSwap (BONE), a token poised to gain significant utility once Shibarium goes live.
Understanding BONE’s Role in Shibarium
BONE is designated as the exclusive token for gas fee payments on the Shibarium network. This critical function ensures that every transaction processed on the layer-2 blockchain will require BONE, embedding it deeply into the ecosystem's operational mechanics. This utility is expected to drive demand and solidify its importance alongside other tokens in the Shiba Inu family.
The Current State of BONE Exchange Listings
Despite its promised utility, BONE is not yet available on several major centralized exchanges (CEXs). Presently, the largest trading volumes occur on decentralized platforms like Uniswap. Other notable exchanges supporting BONE include Huobi, Gate.io, OKX, Bitget, and MEXC. However, top-tier exchanges such as Binance and Coinbase have not listed the token, leading to community speculation and concern.
Developer Clarifies Misinformation
Recent rumors suggested that major exchanges require the BONE smart contract to be renounced—a process where developers relinquish control—as a condition for listing. Shiba Inu developer Ragnar Shib (@RagnarShiba) addressed this directly, clarifying that the claim is incorrect. Renouncing the contract would actually be detrimental to the token’s function within Shibarium.
BONE is intended to serve as a reward for validators on the Shibarium network. These rewards need to be minted, a process that requires an active, unrenounced contract. Out of a total supply of 250 million BONE, 20 million are reserved specifically for validator incentives. If the contract were renounced, minting these rewards would be impossible, undermining the network's incentive structure.
Ragnar also highlighted that several major exchanges have already listed BONE without issue, indicating that the contract’s status is not a barrier. He expressed confidence that other top exchanges would follow suit in due time.
The Real Reason Behind Delayed Listings
According to Ragnar, the primary reason some major exchanges have not listed BONE is not related to the contract but is instead a cautious approach toward Shibarium itself. These platforms are awaiting further testing and the official mainnet launch before committing to support the token. The development team continues to work toward broader listings to enhance accessibility and adoption.
The Shiba Inu community remains encouraged by ongoing developments. As of the latest update, BONE was trading at $0.8818.
Frequently Asked Questions
What is Shibarium?
Shibarium is a layer-2 blockchain designed to improve the scalability and efficiency of the Shiba Inu ecosystem. It will enable faster and cheaper transactions while incorporating BONE as its native gas token.
Why is BONE important for Shibarium?
BONE is used to pay for transaction fees on the Shibarium network. It also serves as a reward for validators, making it essential for securing and operating the blockchain.
Which major exchanges list BONE?
Currently, BONE is available on exchanges like Huobi, Gate.io, and OKX. It is not yet listed on Binance or Coinbase, but the team is actively pursuing these listings.
What does “renouncing a contract” mean?
Renouncing a contract means the developers give up all control and ownership of the smart contract. This is often done to increase decentralization and trust, but it can limit future functionality—such as minting new tokens.
When will Shibarium launch?
An exact date has not been announced. The team is prioritizing security audits and testing to ensure a stable mainnet release.
How can users stay updated on BONE and Shibarium?
For the latest official announcements, follow the developers on social media and community channels. You can also 👉 track the latest layer-2 token developments through trusted data providers.
The Shiba Inu development team continues to focus on technical progress and strategic expansion. With clear communication and steady advancements, the project aims to strengthen both utility and investor confidence.