SHIB is becoming more and more popular with crypto users around the world, and its fanbase is growing by the day. It is no surprise, given all the great products the Shiba Inu ecosystem has to offer. Its governance token, BONE, plays a crucial part in the SHIB ecosystem, and it is one of the reasons why SHIB has become so beloved on the crypto stage. At NOWPayments, we are always looking for ways to make sure our users have access to the best and most popular cryptocurrencies. This is why we provide BONE payments as part of our services.
- $BONE is the governance token of Shiba Inu.
- The $BONE crypto has a massive number of use cases including Shibarium and ShibaSwap.
- Accept BONE payments via NOWPayments.
What is Bone crypto?
BONE is the governance token of the Shiba Inu universe, a vibrant ecosystem built to facilitate the growth of the SHIB Army community. BONE allows SHIB Army members to directly influence the direction of the ecosystem and reap the rewards for their participation. With BONE, members can vote on key decisions, such as changes to the project, and receive a portion of reward tokens. As the SHIB Army grows, so too does the value and potential of BONE. It is a great way for members to get involved and become an integral part of the Shiba Inu universe.
Bone crypto use cases
BONE will act as the backbone of Shibarium, a Layer 2 network from Shiba Inu. Currently, Shiba Inu lives on the Ethereum blockchain, a revolutionary technology that has unlocked the ability to create secure, reliable, and trustless networks across the globe. EVM (Ethereum virtual machine) opens up a world of possibilities and allows developers to find new, innovative ways to build and deploy applications on the Ethereum blockchain. Shibarium utilizes EVM to ensure faster and more secure transactions, as well as increased scalability for BONE and other assets of Shiba Inu. BONE will let Shiba Inu quickly and effectively make the changes needed to provide users with a top-notch experience.
ShibaSwap provides a safe, secure, and reliable decentralized trading environment for the entire Shiba Army community. It lets users trade their tokens and be rewarded for their contributions to the ecosystem by offering incentives to liquidity providers. Users can swap their BONE tokens on ShibaSwap and get another crypto in return. Additionally, the Bury function on ShibaSwap enables users to generate passive income rewards in the form of BONE. All they need to do is stake SHIB, LEASH, or BONE. The rewards users earn are proportional to the amount of tokens they have staked. ShibaSwap also offers users a chance to become Liquidity Providers (LP) through the use of the Dig function. This comes with the added benefit of being rewarded for the contribution. As an LP, users will be able to receive BONE rewards.
Through staking their BONE tokens, SHIB Army members can contribute to the long-term development of the project and make an impact on Shiba Inu’s future. To participate in governance, users will need to utilize DOGGY DAO, an open-source platform that enables community members to vote on important decisions. Additionally, BONE is used to reward the SHIB Army for their contributions to the project, making it an essential part of their participation. By staking and using the $BONE token, the SHIB Army can play an active role in the success of Shiba Inu.
Shib: The Metaverse
BONE is also essential for SHIB: The Metaverse, the upcoming metaverse of Shiba Inu. Anyone who is looking to get a piece of this upcoming metaverse can lock $LEASH and be eligible to receive plots of land. At the same time, to reward those users who trust Shiba Inu’s ecosystem, the project will award 3% of the revenue generated by the Land Event Sales to those who have locked $LEASH in the form of $BONE. Basically, BONE is a full-fledged metaverse currency that is given to users for purchasing digital land. BONE is a great asset for anyone looking to get in on the ground level of SHIB: The Metaverse and become an early adopter.
With NOWPayments, a reputable cryptocurrency payment gateway, businesses, and individuals can receive payments and donations made in the BONE coin. NOWPayments simplifies the process by automatically adjusting prices based on the real-time exchange rate. NOWPayments is a non-custodial platform for fast payments. Its Auto-Conversion feature enables users to convert received cryptocurrency into fiat currency quickly and conveniently.
How can I accept Bone coin?
NOWPayments offers businesses and people a variety of BONE token payment tools. Here is a rundown of all the ways you may get paid in BONE.
BONE may be accepted in online stores using plugins for PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware.
A payment link is the simplest solution to implement. You may create as many payment links as you like. You can create a brand-new one for each new order, or you can just attach a link to each product in your inventory and let your customers pay for them individually. Payment links do not expire, so you may use them whenever you want.
A POS terminal provides a user-friendly interface that allows you to generate payment links without logging in to your NOWPayments account. The POS terminal is especially suitable for brick-and-mortar businesses.
Custodial recurring payments
The custodial recurring payments solution enables businesses to set up separate billing accounts for their clients and lets them top up these accounts with their preferred cryptocurrency. This system can be seamlessly integrated with the payment infrastructure of mobile games, VPN solutions, and other similar services.
Businesses may use recurring invoicing to send frequent invoices to their clients, seeking payment in the BONE crypto or any other cryptocurrency. This solution will be great for businesses that operate on a subscription basis.
NOWPayments provides solutions for taking donations in BONE. Use one of the three accessible choices if you manage a charity organization or just want to collect donations from your social media following.
Businesses may construct unique crypto payment solutions using NOWPayments’ flexible API. If none of the alternatives listed above appear to meet your needs, please contact us to explore a custom solution for your business.
You may automatically send BONE mass payments as a salary, bonus, gift, or refund to as many addresses as you choose. Your staff will appreciate being paid in cryptocurrency.
How to create BONE Recurring invoices
Here is how you can set up Recurring invoices in Bone:
- Provide your BONE payout address.
- Use the Recurring Invoicing API (read the detailed instruction here).
- Set up a Recurring payments plan.
BONE is the governance token of the Shiba Inu ecosystem. Accept BONE as a payment method using NOWPayments.
Where to buy BONE crypto
Currently, BONE cannot be found on most centralized exchanges such as Binance. Still, BONE is available for purchase on several platforms, here are some of them:
How much is Bone crypto?
The price of BONE varies due to market fluctuations. As of December 2022, the price of one BONE token stood at $0.8. At the same time, given the continuous expansion of the Shiba Inu ecosystem and subsequent growth in the number of BONE crypto use cases, the token is projected to experience an increase in its value in the near future.