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Shiba Inu team nears completion of BONE token minting.

As the minting process approaches completion, Shiba Inu's BONE contract renunciation is on the horizon.

by V. Sinclair
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Shiba Inu Nears Completion of BONE Token Minting

The Shiba Inu development team has made significant progress in minting the remaining supply of BONE, the official gas token of Shibarium. This milestone brings the contract renunciation of BONE closer, marking an important step for the Shiba Inu ecosystem.

Contract Renunciation and Introduction of Calcium

The process of renouncing the BONE contract began last week, accompanied by the introduction of a dummy token called Calcium. This move ensures the Shiba Inu team relinquishes control and ownership of the BONE token, emphasizing that Calcium should not be traded due to its lack of liquidity.

Transition to TREAT and Remaining BONE Tokens

With the completion of BONE minting, the ShibaSwap platform will transition from BONE rewards to a new token called “TREAT,” as previously announced by Shytoshi Kusama, the lead developer of Shiba Inu. Details about TREAT are currently limited, with only its name and role in the Shiba ecosystem disclosed thus far.

Despite the additional minting of BONE tokens, the asset’s price has remained relatively stable, trading around $0.79 at the time of writing with a modest 1% decline over the past 24 hours.

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