Shiba Inu Governance Token BONE Nears Remarkable 50k Holders

• There are now more than 1.2 million SHIB token holders.
• BONE’s new minting rate has just been updated by the Shiba Inu team.

BONE, Shiba Inu’s ecosystem token, is nearing the 50,000 round threshold in the number of holders. According to the BONE Twitter account, there are presently 49,278 BONE holders.

There are now more than 1.2 million SHIB token holders, a new record-breaking milestone for SHIB. The number of Shiba Inu owners has reached 1,205,039. There are 250,000,000 BONE tokens in circulation as ShibaSwap’s governance token, which enables the Shiba Inu community to vote on future ideas.

Just 499,000 BONE Remaining to Mint

BONE’s new minting rate has just been updated by the Shiba Inu team, in which the team plans to decrease its BPB (Bone Per Block) by reducing its current pace to 1 BPB rather than completely stopping the process when it approaches the 230 million ceiling.

In order to preserve the remaining 20 million BONE for Shibarium validator jobs, the community has earlier voted to restrict the maximum supply of BONE at 230 million and halt minting at that point. As of July 15, there are just 499,000 BONE remaining to mint in order to reach the 230 million maximum.

Rebranding was completed early February for Italy’s first ever Shiba Inu joint venture, Italian fast food eatery Welly. In order to accept payments in Shiba Inu, Welly, Sorbillo, and other businesses have partnered with NOWPayments. As for Welly’s involvement in the Shiba Inu burning, the company said it will “actively participate.”

Shiba Inu is now among the top 100 ETH whales, according to WhaleStats. SHIB’s price has been rising over recently. SHIB was trading at $0.000011 at the time of publishing, up roughly 4% in the last 24 hours.

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