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Shibarium Wrapped BONE is a cryptocurrency token designed to play a pivotal role within its ecosystem. It serves as a governance token, providing holders with the ability to participate in voting processes within the Doggy DAO. This aspect of the token is crucial for community-driven decision-making, allowing token holders to influence the direction and development of the project.
The token has a total supply of 250 million, indicating the maximum number of tokens that will ever be available. This finite supply is a common characteristic of many cryptocurrencies, aiming to provide scarcity and potential value appreciation over time.
Shibarium Wrapped BONE is also integral to Shibarium, a Layer 2 network. Layer 2 solutions are developed to enhance the scalability and efficiency of blockchain networks by handling transactions off the main chain. This can significantly reduce transaction fees and increase transaction speeds, making the network more user-friendly and capable of supporting a larger number of transactions.
As a cryptocurrency, Shibarium Wrapped BONE can be traded on decentralized exchanges (DEX), where its price can fluctuate based on market demand and supply dynamics. Like all cryptocurrencies, its value can be volatile, and it's important for potential investors to conduct thorough research and consider their investment goals and risk tolerance before investing in any digital assets.
How is Shibarium Wrapped BONE secured?
Shibarium Wrapped BONE's security is enhanced through a combination of hardware and software measures. The integration with supported hardware wallets is a key feature, providing an additional layer of security for users. Hardware wallets are known for their ability to store private keys offline, significantly reducing the risk of unauthorized access compared to online or "hot" wallets.
Furthermore, Shibarium's recent update has introduced several improvements aimed at bolstering security and user experience. Among these enhancements, multi-factor authentication stands out as a critical feature. This security measure requires users to provide two or more verification factors to gain access to their blockchain assets, adding an extra layer of protection against unauthorized access.
These combined security features—hardware wallet support and multi-factor authentication—work together to safeguard Shibarium Wrapped BONE. Users are encouraged to stay informed about best practices for securing their digital assets and to consider the benefits of using hardware wallets in conjunction with the latest security measures provided by Shibarium.
How will Shibarium Wrapped BONE be used?
Shibarium Wrapped BONE is set to play a multifaceted role within the ecosystem of a digital collectible card game, Spellfire Re-Master the Magic. In this game, it serves as a collectible NFT (Non-Fungible Token) card, offering players the opportunity to own, trade, and potentially earn from their collection of cards. This integration into the game highlights the growing trend of utilizing blockchain technology and cryptocurrencies to add a layer of ownership and value exchange in digital and virtual environments.
Moreover, Shibarium Wrapped BONE transcends the digital realm by having a physical counterpart. Each physical card is equipped with a unique QR code, enabling it to be used in tabletop gameplay. This dual functionality not only bridges the gap between digital and physical gaming experiences but also adds a tangible value to the digital asset, as it can be enjoyed in multiple formats.
The fluctuating value of Shibarium Wrapped BONE, with its significant highs and lows, underscores the volatile nature of cryptocurrencies. However, this volatility does not detract from its utility within the game. Instead, it may add an element of strategy to the acquisition and trading of these NFT cards, as players may seek to acquire them at lower values and potentially trade or sell them as their market value changes.
It's important for enthusiasts and potential investors to conduct thorough research and consider the inherent risks and volatility in the cryptocurrency market before engaging with Shibarium Wrapped BONE or any digital assets. The integration of cryptocurrencies into gaming and digital collectibles continues to evolve, offering new ways to interact with and value digital content.
What key events have there been for Shibarium Wrapped BONE?
In the evolving landscape of cryptocurrencies, Shibarium Wrapped BONE has been part of discussions and developments that are noteworthy. The Shibarium platform, focusing on enhancing its infrastructure, has announced plans to make significant updates. These include the intention to renounce the Bone contract, which is a critical step towards decentralization and security enhancement. Such a move can potentially increase trust among users and investors by reducing the control held by the creators over the contract, thereby making it more community-driven.
Additionally, Shibarium has expressed plans to expand its network by adding more validators. This expansion is aimed at improving the network's scalability and transaction processing capabilities. Validators play a crucial role in maintaining the integrity and security of the blockchain, and increasing their number can lead to a more robust and efficient network.
The discussions around the utility of BONE, along with other tokens such as TREAT, SHIB, and LEASH within the Ethereum layer-2 network, highlight the ecosystem's commitment to leveraging blockchain technology for creating more use cases. This could potentially lead to increased adoption and utility of these tokens within the Shibarium ecosystem.
It's important for enthusiasts and potential investors to keep an eye on social media and news outlets for the latest developments regarding Shibarium Wrapped BONE and the Shibarium platform. The cryptocurrency market is highly volatile and subject to rapid changes. Therefore, conducting thorough research and staying informed about the latest updates is crucial before making any investment decisions.
The live Shibarium Wrapped BONE price today is $0.456500 USD with a 24-hour trading volume of $245.74 USD. We update our WBONE to USD price in real-time. Shibarium Wrapped BONE is down 7.35% in the last 24 hours. The current CoinMarketCap ranking is #10387, with a live market cap of $1,356,045 USD. It has a circulating supply of 2,970,526 WBONE coins and the max. supply is not available.