Crypto News

BONE ShibaSwap (BONE), the Shiba Inu governance token, sees a major boost as OKX Africa introduces support

BONE ShibaSwap (BONE)

The Shiba Inu governance token, BONE ShibaSwap (BONE), got support from OKX Africa, a branch of the Seychelles-based OKX exchange.

This development coincides with increased transactions on the Shibarium blockchain and awareness of potential scams among the Shiba Inu community.

OKX Africa’s adoption of BONE ShibaSwap represents a milestone for the governance token. Lucie, a member of the Shiba Inu (SHIB) team, announced the news on the social media platform X.

OKX Africa’s On-chain Earn feature increases user engagement by allowing them to earn for staking in proof-of-stake (PoS) systems or participating in the DeFi protocol.

The dual-earning mechanism for PoS includes block rewards and transaction fees, whereas DeFi rewards come from staking or providing liquidity.

BONE’s popularity is rising, as proven by its recent listing on the EarnBIT crypto exchange. This growing recognition strengthens its position in the crypto market.

Meanwhile, Shibarium, the blockchain network that uses BONE as a gas token, has experienced growth, with over 330 million transactions and nearly 3 million blocks.

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Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.