In a groundbreaking move in the Shiba Inu ecosystem, the platform officially renounced the $BONE contract, marking a significant milestone in the journey towards greater decentralization within the network.
📢 Attention #SHIBARMY The $BONE contract has been renounced! https://t.co/P9uVHYORAQ
— Shib (@Shibtoken) September 26, 2023
The renouncement of the $BONE contract was confirmed by a prominent member of the Shiba Inu community, @kaaldhairya, who shared the transaction details on Etherscan. The deed was accomplished via the TopDog contract, solidifying the commitment of the Shiba Inu community to create decentralized and permissionless systems that benefit all its members.
Kaal, a key figure in the Shiba Inu community, announced the renouncement of the $BONE contract through the TopDog contract.
The deed is done, $BONE is now renounced via the TopDog contracthttps://t.co/ct3QFQMlhV
— Kaal (@kaaldhairya) September 26, 2023
We will continue to build decentralized, permissionless systems for the benefit of the community.
The renouncement of the $BONE contract signifies a crucial step forward in the mission of the Shiba Inu community to establish a fully decentralized and trustless ecosystem. It eliminates the ability to alter the $BONE token contract, making it immutable and putting its fate entirely in the hands of the community.
The current price of Shiba Inu (SHIB) stands at $0.000007223. Over the past 24 hours, Shiba Inu has experienced a modest gain of 1.12%. Regarding market capitalization, Shiba Inu holds the 17th position among all cryptocurrencies, commanding a 1.14% share of the total cryptocurrency market. Its current market cap is approximately $4.26 billion, reflecting the substantial interest and investment in this digital asset. Shiba Inu’s trading volume over the past 24 hours amounts to $59.7 million, positioning it as the 40th most traded cryptocurrency during this period.
This move has been met with excitement and optimism within the #SHIBARMY, ensuring that $BONE holders will have increased control and influence over the token’s future development. The decision to renounce the contract reflects the community’s dedication to transparency, decentralization, and trust in the ShibaSwap platform.
The Shiba Inu project has been making significant strides recently, relentlessly focusing on innovation and community-driven development. Renouncing the $BONE contract is yet another demonstration of their commitment to empowering the community and building a robust ecosystem for the long term.
The $BONE contract, at the heart of this significant announcement, was a fundamental element of the Shiba Inu ecosystem. This smart contract governed the $BONE token, dictating its functionality, distribution, and management. Its renouncement means that the contract was made immutable, removing the ability to alter its rules, and placing the fate of $BONE solely in the hands of the community. This critical step aligns with Shiba Inu’s mission to create a trustless, decentralized system that empowers its community members.
Shiba Inu (SHIB) currently stands at $0.000007223. Over the past 24 hours, it has experienced a modest loss of 1.12%. Regarding market capitalization, Shiba Inu holds the 17th position among all cryptocurrencies, commanding a 1.14% share of the total cryptocurrency market. Its current market cap is approximately $4.26 billion, reflecting this digital asset’s substantial interest and investment. Shiba Inu’s trading volume over the past 24 hours amounts to $59.7 million, positioning it as the 40th most traded cryptocurrency during this period.
Shiba Inu‘s commitment to decentralization and trustless systems sets a powerful example for the industry as the crypto world evolves. With the $BONE contract now renounced, the #SHIBARMY could look forward to an even more decentralized and community-driven future.
