Purchase Bone ShibaSwap (BONE) with Polish Zloty (PLN) 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.
The PLN/BONE pair represents the exchange rate between the Polish Złoty (PLN) and Bone ShibaSwap (BONE). Its significance lies in providing a direct fiat on-ramp for Polish investors into the ShibaSwap ecosystem. BONE is a crucial digital asset within this ecosystem, functioning as a governance token for the Doggy DAO and as the designated gas token for transactions on the upcoming Shibarium Layer-2 blockchain.
As the designated gas token for Shibarium, BONE is essential for all network operations. Every transaction, from a simple token transfer to a complex smart contract execution on this Layer-2 solution, will require BONE to pay for the associated computational fees (gas). This creates a fundamental, non-speculative demand for the token, as network participants, validators, and delegators must hold and use BONE to interact with the blockchain.
After acquiring BONE, you have two main storage options. For active trading, you can leave them on the cryptocurrency exchange, but this is a custodial solution. For enhanced security and long-term holding, it is highly recommended to transfer your BONE to a non-custodial digital wallet where you control the private keys. Options include software wallets (like MetaMask or Trust Wallet) or, for maximum security against online threats, a hardware wallet.
To buy BONE with PLN, you first need to find a regulated cryptocurrency exchange that offers PLN as a deposit currency. The most common methods for funding your account include local Polish bank transfers, SEPA transfers, and instant payment systems like BLIK or Przelewy24. Once your account is funded with PLN, you can navigate to the PLN/BONE order book, place a buy order, and execute the secure transaction.
Yes, virtually all centralized exchanges that provide a fiat gateway for Polish Złoty (PLN) are required to adhere to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This means users must complete an identity verification process, typically by submitting a government-issued ID and proof of address, before they can deposit PLN and trade it for digital assets like BONE. This is a standard security measure to ensure a safe trading environment.
When trading PLN for BONE, expect several potential fees: a deposit fee for funding your account with PLN (varies by payment method), a trading fee on the exchange (usually a small percentage of the trade value), and a network withdrawal fee if you move BONE to an external digital wallet. For staking BONE to support the Shibarium network, either as a validator or delegator, you will also incur blockchain transaction fees for the staking and unstaking processes, and delegators typically pay a small commission on rewards to their chosen validator.