Shiba Inu (SHIB) developer Kaal Dhairya announced the renouncing of ShibaSwap governance token BONE, in a move that could stir up a positive momentum in SHIB and BONE prices.
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BONE Deployer Renounced
According to information provided by Dhariya, the renounceOwnership function was successfully completed on September 26, 2023 at block 18222509. On chain data shows that the transaction was successfully completed from ShibaSwap.eth Shiba Inu deployer to the Shiba Inu Migrator address. The renouncing will mean improvements in BONE security against future manipulations and make it fully decentralized.
Dhariya made the announcement:
“The deed is done, BONE is now renounced via the TopDog contract. We will continue to build decentralized, permissionless systems for the benefit of the community.”
Earlier, CoinGape reported that the the minting of the remaining BONE supply was nearing a finish. The renouncing alsmo means the end of BONE rewards on ShibaSwap.
SHIB Price Upside?
Meanwhile, the number of Shibarium transactions just crossed the 3 million milestone. The newly released Ethereum layer-2 Shiba Inu blockchain mainnet was launched on August 16, 2023. SHIB price is currently trading in a crucial zone as a downtrend below $0.0000072 could mean a correction in the $0.000006 range, CoinGape reported earlier. In terms of upside potential, a breach of $0.0000075 could likely trigger a jump to $0.000008.
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Source: https://coingape.com/shiba-inu-shib-price-bone-crypto/
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