The launch of $BONE and $PAWSWAP segue Shibarium. But where is Shibarium? After multiple announcements, it was coming, and a launch date came and went. SHIB holders are still asking when Shibarium will launch!
     ShibaSwap
ShibaSwap DEX is Shibu Inu’s decentralized exchange built on Ethereum. It launched in July 2021. It is home to Shiboshis and NFT marketplace and offers liquidity pools, token swaps, and staking. Its first two ShibaSwap tokens were $BONE (Shibaswap BONE) and $LEASH (Doge Killer). Holding $LEASH gives access to special events and perks offered. Recent perks include early access to Shib metaverse lands, minting Shiboshi NFTs, and $BONE rewards tied to the liquidity pool. LEASH was initially a rebase token for Dogecoin but took on a life of its own. As of March 7th, it is worth $488.62.
$SHIB and $BONE tokens
  $BONE Token
$Bone, an ERC-20 coin, is the ShibaSwap governance token allowing holders to vote on Shibswap’s future. Both meme coins were part of the ShibaSwap release in July 2021. It is also the foundation for the Layer 2 network the ecosystem uses to build the long-awaited Sibirium.
$BONE holders can vote and make proposals via Shiba Inu Doggy DAO. The more $Bone you own, the more voting power you have. Holders used their voting power to cease tokens mined at 230 million, 20 million short of the 250 million announced at the launch. To earn WOOF, they can earn rewards by providing network liquidity (DIG), staking (BURY), or SWAP meme coins. WOOF lets $BONE holders exchange ShibaSwap Liquidity Pool (SSLP) tokens for BONE rewards. The platform will hold 67% of the rewards for six months, giving you access to the first 33%.
DIG gives the exchange the liquidity it needs to transact in the ShibaSwap. Users that BURY $BONE, $LEASH, or SHIB earn higher interest rates. Like WOOF, users receive 33% of the earnings, while the rest is held. Currently, there are 229,925,570.345 BONE tokens in circulation. While its value fluctuates, it is down $39.89 from its highest price of $41.67 to $1.73 per BONE today.
Kabosu and $PAW token
$PAWSWAP
A January tweet from the Pawzone gave a teaser to the $PAW token. The main reason for the announcement was to protect the community from imposter tokens and provide the official website. It was a major step in thwarting scammers.
February 6th, $PawSwap launched. The developer’s main goal was compliance. They hope to attract global users through regulation compliance. Complying with federal regulatory laws ensures the security of transactions.
Developers built an interface that anyone can use. The goal was to bring more users into the crypto world by making the exchange easy to understand and use. It allows users to buy, sell, and trade NFTs, cryptocurrencies, and stablecoins to increase access to global users. Holders can track $PAW on Polygon and the BSC network through one contract address, maintaining the platform’s easy accessibility.
The platform claims to have faster transactions and lower costs. No circulation information is available, but $PAW sells at $6.38 at the time of publication.
 PAWBURN Launch
Yesterday when PAWSWAP launched its PAWBURN, the lead developer for Shiba Inu, Shytoshi Kusama, denied that Pawswap was related to Shib’s current team or SHIB.
PAWBURN is meant to track the PAWSWAP utility burns, track all utility, and increase the ecosystem’s token value.
The total burn worth as of March 8th is $1706.46. 27,407,234,937 tokens have been burnt to date. Since the burn, $PAW’s value has fluctuated drastically.
Shiba Inu PAWBURN
Are the SWAPS Secure?
As $Bone and $Paw ShibaSwap segue Shibarium, the platform’s security comes into question. The blockchain-based security auditing company, CertiK recently did an audit on the DEX’s code. The audit led to the resolution of 34 issues, or 97% of the total problems flagged. They walked away with a security score of 92/100.
Looking Ahead
While $Bone and $Paw ShibaSwap segue Shibarium, Shytoshi is leaving TREATs for the Shib Army. In July 2022, he announced his reward token, TREAT. It will help stabilize Shi stablecoin and help decentralize the ecosystem. It offers the holder perks in the Shiba Unu collectible card game and the SHIB metaverse. Treat will only be available to loyal Shiba Inu members who helped build the ecosystem. Unfortunately, there is no known release date for the token.
Yesterday morning an announcement was made that the Beta version of Shibarium could release this week. As the SHIB community awaits its unveiling, they can only hope they are not barking up the wrong tree!
