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Precipitate Protocol Adds Bone As A Payment Option After The Community Voted 100% To Accept The Shiba Inu Ecosystem Token

source-logo  cryptonews.net 23 May 2024 15:48, UTC

Precipitate.AI, an artificial intelligence blockchain infrastructure, has officially added BONE as a payment method following a community vote. Voting, which took place from May 20 to May 23, resulted in BONE winning with 100% consensus. Originally introduced as a reward token for SHIB holders, BONE’s role in the Shiba Inu ecosystem has expanded significantly. It now also allows you to burn SHIB tokens on Shibarium, Shiba Inu’s layer 2 scaling solution. This evolution has increased the usefulness and distribution of BONE in the ecosystem.

A vote was held to choose between two tokens, BONE and LEASH, as the new payment currency for the platform. The voting system used was single choice, and the snapshot block was 19,886,694. The quorum required to confirm the vote was 5 million RAIN, and the total number of votes cast was 8.4 million RAIN, well above the quorum threshold.

The introduction of BONE could strengthen its presence in the market. As of today, BONE is trading at $0.6268 with a 24-hour trading volume of $5,406,273. However, its price action has been turbulent lately, with it down 2.65% in the last 24 hours and 3.74% in the last 7 days.

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