Purchase Bone ShibaSwap (BONE) with Morocco Dirham (MAD) easily at Switchere and benefit from fast, secure transactions.
BONE (BONE) serves as a foundational digital asset within the expansive Shiba Inu ecosystem, primarily functioning as the governance token for ShibaSwap, its native decentralized exchange (DEX). This utility token empowers holders with voting rights in the Doggy DAO, allowing community participation in key decisions regarding protocol upgrades and treasury allocations. The tokenomics of BONE are designed to incentivize participation, with rewards distributed for staking and providing liquidity to various pools on ShibaSwap, enhancing the platform's DeFi applications and fostering a robust community-driven environment within this segment of blockchain technology.
Beyond its role in decentralized governance and liquidity provision on the Ethereum-based ShibaSwap, BONE's significance is profoundly amplified by its designation as the exclusive gas token for Shibarium. Shibarium is the Shiba Inu ecosystem's Layer-2 scaling solution, engineered to offer faster transaction speeds, reduced costs, and greater throughput by processing transactions off the main Ethereum chain. As the native token for executing smart contracts and paying for network fees on this Layer-2 network, BONE is integral to Shibarium's operational efficiency and adoption. This positions BONE as a critical component for the future development of Web3 infrastructure within the Shiba Inu ecosystem, driving utility beyond simple governance into the core of its on-chain transaction processing and decentralized network operations.
Since direct MAD/BONE trading pairs are rare, the most common method is a two-step process. First, use a fiat on-ramp exchange that accepts MAD via bank transfer or card to purchase a major cryptocurrency like USDT or ETH. Second, transfer that digital asset to an exchange or a decentralized exchange (DEX) like ShibaSwap that lists BONE, and swap it for BONE. This process often requires KYC/AML compliance on the initial fiat gateway.
BONE is designated as the gas token for the Shibarium Layer-2 blockchain. This is a critical utility, as every blockchain transaction on Shibarium, from token transfers to smart contract interactions, will require a fee paid in BONE. This mechanism is designed to create consistent demand for the BONE token as the network's adoption and transaction volume grow.
For secure storage and self-custody, it is highly recommended to withdraw your BONE from the exchange to a non-custodial digital wallet. Since BONE is an ERC-20 token, wallets that support the Ethereum network, such as MetaMask, Trust Wallet, or a hardware wallet like Ledger, are suitable options. Always back up your seed phrase offline and never share it with anyone to ensure maximum security for your digital assets.
BONE serves two primary technical functions. First, it is the governance token of the ShibaSwap DEX, allowing BONE holders to vote on proposals related to the protocol's development. Second, it is used for liquidity provider (LP) rewards; users who provide liquidity to pools on ShibaSwap are rewarded with BONE. This incentivizes deep liquidity on the decentralized exchange.
There are typically three types of fees. First, the fiat gateway may charge a deposit or purchase fee for your MAD transaction. Second, the cryptocurrency exchange where you trade for BONE will charge a trading fee, usually a small percentage of the trade value. Third, and most importantly for an ERC-20 token like BONE, you will pay a network gas fee in ETH to withdraw your BONE to a secure, non-custodial digital wallet.
Direct MAD/BONE pairs are highly unlikely to be found even on Peer-to-Peer (P2P) platforms. The liquidity and trading volume for such a specific pair are typically too low. Users in Morocco looking for P2P options would usually trade MAD for a high-liquidity stablecoin like USDT first, and then use that USDT on a global platform to acquire BONE.