thecryptobasic.com
Bone ShibaSwap (BONE) listing on Binance could be on the horizon as the Shiba Inu development team officially renounces the token’s contract.
Shiba Inu’s development team has finally renounced the contract of Bone ShibaSwap (BONE), the official gas token of Shibarium.
Notably, the official X handle of Shiba Inu shared a tweet from top developer Kaal Dhairya, emphasizing that BONE renunciation occurred through the TopDog contract.
📢 Attention #SHIBARMY The $BONE contract has been renounced! https://t.co/P9uVHYORAQ
— Shib (@Shibtoken) September 26, 2023
Dhairya attached an Etherscan link to the tweet, showing that the BONE contract renunciation happened yesterday at exactly 21:04 (UTC).
BONE Minting Completed
The development comes a few days after Shiba Inu announced that the team has almost completed the minting of the remaining BONE supply.
It bears mentioning that minting the remaining BONE supply is pivotal to renouncing the token’s contract. Although the community voted to halt BONE minting after its supply hit 230 million, the team agreed that the remaining 20 million tokens would be minted and designated to Shibarium validators.
Apparently, the team has minted the remaining BONE supply and completed the token’s contract renunciation.
BONE Surge Nearly 8% Over 24 Hours
Interestingly, the price of BONE reacted positively to news of the contract renunciation. At the time of writing this line, BONE is up 7.8% over the past 24 hours to $0.906.
In addition, data on CoinMarketCap also shows a massive spike in BONE’s trading volume in the last 24 hours. Per the data, BONE’s trading volume currently stands at $8.11 million, up 55.53% in the past day.
Will Binance List BONE Amid Growing Expectations?
Following the renouncement of the BONE contract, the community expects that Binance will soon list the token.
BONE holders wish to see the token listed on the top five crypto exchanges, especially Binance. Recall that the community speculated that the team’s refusal to renounce the BONE contract must be hindering Binance from listing it.
Although Binance does not yet support BONE trading, the exchange enabled price tracking for the Shibarium gas token last year. The development suggests that BONE could be on Binance’s list of assets for a potential listing.
Meanwhile, it remains to be seen whether the renouncement of the BONE contract will prompt Binance to list the asset.