A key altcoin in the Shiba Inu (SHIB) ecosystem is scheduled to be listed on Gate.io, according to an update from the cryptocurrency exchange.
Gate.io, a top 20 exchange with over $800 million in 24-hour trading volume, updated its trading page for ShibaSwap (BONE) on Thursday with a countdown to when the altcoin will go live. .
BONE will be used for gas fees and governance in Shibarium, the highly anticipated Tier 2 project designed to make Shiba Inu more efficient, similar to Polygon (MATIC) on Ethereum (ETH). It is also the native token for ShibaSwap, a decentralized finance (DeFi) and decentralized exchange (DEX) for the Shiba Inu sphere.
Gatio.io’s BONE listing comes as ShibaSwap confirms that the beta version of Shibarium will launch sometime next week.
Release dates for the beta and official versions of Shibarium are subject to debate, and the project’s lead developer alias, Shytoshi Kusama, said he is not giving firm dates to avoid disappointment over possible delays.
Earlier this month, BONE was also listed on Bitget, another crypto exchange similar in size to Gate.io. The Shiba Inu community launched a petition to get Binance, the world’s largest cryptocurrency exchange, to list BONE in early February, but Binance has yet to respond.
At the time of writing, BONE is up 45% in the last 30 days and just under 10% in the last 24 hours. Doge Killer (LEASH), another altcoin within the Shiba Inu ecosystem, is also outperforming cryptocurrency markets, currently up 150% since the start of the year.
LEASH is expected to power Shibaverse, an upcoming non-fungible token (NFT) and metaverse project for the Shiba Inu community. The exact usefulness of LEASH will be determined closer to Shibaverse’s launch.
At the time of this writing, LEASH is trading at $711 with a market cap of $76 million.
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