Introduction
The Bone Inu Base Token, also known as the Shibarium Network, has recently hit an impressive milestone. The community has staked a whopping 20 million BONE tokens, valued at over $26.5 million. This article delves into the significance of this achievement, the role of validators, and what the future holds for the Shibarium Network.
Staggering Numbers in Bone Inu Base Token
The Shibarium Network, or the Bone Inu Base Token as it’s increasingly being called, has seen the community stake nearly 19.82 million BONE tokens. These tokens have a current market value of approximately $26.56 million. Interestingly, this represents 7.93% of BONE’s total supply.
The Backbone of Bone Inu Base Token: Validators
The network currently operates with the support of 12 validators. These validators are crucial for the Bone Inu Base, as they validate new transactions and ensure the network’s security. The maximum number of validator slots is capped at 100, and each validator is required to stake a minimum of 10,000 BONE tokens to participate.
Delegators: The Unsung Heroes
While validators are essential, delegators also play a significant role in the Bone Inu Base Token. These are BONE token holders who choose not to run a validator node. Instead, they contribute to the network’s security by delegating their tokens to validator nodes, thereby earning a share of the rewards.
Bone Inu Base Token Relaunch and Future Prospects
Recently, the developers behind Shiba Inu announced the relaunch of the Shibarium Network, also known as the Bone Inu Base Token. This comes after the network faced some initial challenges and entered a developer-only mode. Since its inception, the network has garnered over 65,000 wallets and has processed more than 350,000 transactions.
Conclusion
The Bone Inu Base Token is making strides in the crypto world, with nearly 20 million BONE tokens staked and a strong community of validators and delegators. The recent relaunch suggests a promising future for the Shibarium Network and the Shiba Inu ecosystem at large.
FAQs
- What is the Bone Inu Base Token?
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- The Bone Inu Base Token is another name for the Shibarium Network, associated with the Shiba Inu cryptocurrency.
- How many BONE tokens have been staked in the Bone Inu Base Token?
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- Nearly 19.82 million BONE tokens have been staked, valued at around $26.56 million.
- Who are the validators and what role do they play?
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- Validators are blockchain nodes that validate new transactions and maintain network security. There are currently 12 validators.
- What is the role of delegators in the Bone Inu Base Token?
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- Delegators are BONE token holders who contribute to network security by delegating their tokens to validator nodes.
- What does the relaunch of the Bone Inu Base Token signify?
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- The relaunch indicates a resolution of initial challenges and a promising future for the network.
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