Recently, a user spoke up to the project lead developer, Shytoshi Kusama, about how the Shiba Inu team interacts with other tokens on the SHIB ecosystem, like BONE, causing controversy.
Also, amidst this drama, several investors have chosen to pitch their investment tent with an ETF token, ETFSwap (ETFS). This article focuses on Shytoshi Kusama’s reply on the future of BONE in the SHIB ecosystem and why investors are trooping into the ETFSwap (ETFS) platform.
Shytoshi Kusama Breaks Silence On The Future Of BONE
Shytoshi Kusama has responded to a Shiba Inu community member who pointed out that the Shiba Inu team is neglecting some assets in the ecosystem. Among the assets the member pointed out is the BONE token, whose function is unknown to many users.
In an X (formerly Twitter) post on August 20, Shytoshi Kusama addressed the user’s claim on BONE by saying the token is an integral part of the Shiba Inu ecosystem technology and governance.
BONE, an Ethereum-based token in the Shiba Inu ecosystem, serves as the native token of ShibaSwap, a decentralized exchange in the Shiba Inu ecosystem.
BONE serves as governance, granting users voting rights to influence the network’s decisions and charging gas fees for transactions. Interestingly, each BONE transaction automatically burns Shiba Inu, as a fraction of the fee is converted to SHIB and sent to the null address.
However, while Shytoshi Kusama, in the X post, reiterated the significance of BONE on the Shiba Inu ecosystem, the token lacks recognition as several top exchanges are yet to list it on their platforms. According to Coinmarketcap, Shiba Inu currently trades at $0.00001435, and BONE is worth $0.41.
ETFSwap (ETFS) Attracts Whale Investors In Presale
Recently, the ETFSwap (ETFS) platform caught the attention of investors and traders due to its unique approach to exchange-traded funds (ETFs) with tokenization of assets, and everyone on the ETFSwap (ETFS) platform can access these tokenized ETFs for trading.
Since it is on the blockchain, users can monitor the progress of these assets with real-time blockchain data, helping them make well-informed decisions before trading. The tokenized ETFs will also be traded on a Web3 marketplace that boasts 24/7 liquidity and enables users to carry out fully decentralized transactions without the authorization of a third party.
Also, unlike traditional ETF trading platforms, ETFSwap (ETFS) will be accessible for trading at all times. ETFSwap (ETFS) is well aware of the importance of security, which is why it has taken stringent measures to protect its ecosystem from cyber attacks. One of the measures the platform has taken is to ensure a regular audit of its smart contract to fish out vulnerabilities that can make it weak against hacks.
Cyberscope, a world-renowned blockchain security firm, has audited the ETFSwap (ETFS) smart contract and found it free from any underlying conditions that can make it vulnerable. In 2025, ETFSwap (ETFS) intends to launch its ETF, but currently, it is offering its native token to everyone at a low price of $0.01831 in its ongoing presale event.
Everyone who buys the token will access all the platform’s features, including trading tokenized ETFs. Further, all who buy ETFS now will secure their chance of making an automatic profit when its price increases to $0.03846 per coin. Therefore, investors of all portfolio sizes are hurrying to buy it now before its price increases. But there is more.
Conclusion
While Sytoshi Kusama has broken the silence on BONE’s importance in the Shiba Inu ecosystem, the token still faces a major setback with its low trading volume. However, ETFSwap (ETFS) is capturing the hearts of investors of all portfolio sizes with the promise of automatic profit.
In addition, as a cherry on top, all early investors can make over 200x profit on their investments as experts speculate a 20,000% surge for the token. With such a massive surge ahead, $0.01831 looks very minute to the colossal gains early investors will stand to make. So hurry, join the ETFSwap (ETFS) ecosystem by buying ETFS today!
For more information about the ETFS Presale: