{"id":38142,"date":"2025-07-04T23:59:21","date_gmt":"2025-07-04T23:59:21","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=38142"},"modified":"2025-07-04T23:59:21","modified_gmt":"2025-07-04T23:59:21","slug":"bone-faces-delisting-on-okx-act-before-july-7-2025","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bone-faces-delisting-on-okx-act-before-july-7-2025\/","title":{"rendered":"$BONE Faces Delisting on OKX: Act Before July 7, 2025"},"content":{"rendered":"\n
\n

Overview of Shiba Inu and Its Unique Tokens<\/span><\/span><\/p>\n

Shiba Inu (SHIB)<\/strong> is an Ethereum-based meme token<\/strong> that made its debut in August 2020, crafted by the anonymous developer known as \u201cRyoshi.\u201d<\/span> With an astounding initial supply of one quadrillion tokens, SHIB is hailed as a community-oriented<\/strong> and decentralized initiative aimed at rivaling Dogecoin<\/span>. The larger Shiba ecosystem comprises LEASH<\/strong> (a less abundant token related to NFT and metaverse applications) and BONE<\/strong> (a governance token fueling the Shibarium Layer-2 network)\t<\/p>\n

Understanding the Shib<\/span> Token Ecosystem<\/span><\/span><\/p>\n

Shiba Inu (SHIB)<\/strong> is not just another cryptocurrency; it is a cryptocurrency phenomenon<\/a><\/strong> that was launched on the Ethereum blockchain<\/a><\/strong> in 2020 by the enigmatic \u201cRyoshi\u201d<\/strong> (identity unknown).<\/p>\n

Similar to Dogecoin<\/strong>, SHIB has fostered a passionate and global community.<\/p>\n

The Shiba Inu project is built around three key tokens<\/strong>:<\/p>\n

SHIB<\/strong> \u2013 the primary token.<\/p>\n

LEASH<\/strong> \u2013 a unique token utilized in NFT projects<\/strong> and metaverse initiatives.<\/p>\n

BONE<\/strong> \u2013 used for community voting<\/strong> and to cover transaction fees within their proprietary network called Shibarium<\/strong>.<\/p>\n

Additionally, they offer:<\/p>\n

ShibaSwap<\/strong> \u2013 a decentralized exchange for trading tokens and earning yield.<\/p>\n

Shibarium<\/strong> \u2013 a faster, more efficient way to utilize SHIB.<\/p>\n

Reasons for SHIB\u2019s Popularity<\/span><\/p>\n

A large community<\/strong> \u2013 Millions globally are enthusiastic supporters and users of SHIB.<\/p>\n

Practical applications<\/strong> \u2013 SHIB is accepted as payment in various retailers including AMC and Newegg.<\/p>\n

Versatile use cases<\/strong> \u2013 Apart from trading, users can vote and engage with SHIB across multiple platforms.<\/p>\n

Continuous development<\/strong> \u2013 The project team is committed to rolling out new features like NFTs and enhanced utilities.<\/p>\n

Reducing total supply<\/strong> \u2013 The team regularly \u201cburns\u201d tokens, increasing the rarity of remaining coins.<\/p>\n

Recent Developments Surrounding BONE<\/span><\/p>\n

OKX<\/strong>, a leading cryptocurrency exchange, ceased support for BONE<\/strong>:<\/p>\n

June 30<\/strong> \u2013 Users were unable to send BONE to this platform.<\/p>\n

July 7<\/strong> \u2013 Trading for BONE was suspended.<\/p>\n

September 30<\/strong> \u2013 Withdrawals of BONE were discontinued.<\/p>\n

This led to an initial decline in BONE\u2019s market price.<\/p>\n

However, a recovery followed as loyal supporters maintained their faith in the token.<\/p>\n

Potential Benefits of BONE\u2019s Delisting for SHIB<\/span><\/p>\n

Increased adoption of DeFi<\/strong> \u2013 Fans are shifting towards decentralized finance platforms<\/strong> in light of reduced reliance on major exchanges.<\/p>\n

Focus on real-world usability<\/strong> \u2013 BONE continues to serve as an important asset for fee payments on Shibarium<\/strong>.<\/p>\n

Solidarity within the community<\/strong> \u2013 SHIB enthusiasts have displayed formidable unity and support.<\/p>\n

Long-term growth potential<\/strong> \u2013 Less dependence on centralized exchanges may enable sustainable and secure project development.<\/p>\n

Availability on other exchanges<\/strong> \u2013 BONE remains tradable on platforms like Gate.io, HTX, Crypto.com<\/strong>.<\/p>\n<\/p><\/div>\n

<\/p>\n

Shiba Inu\u2019s $BONE token will be removed from the OKX exchange, effective July 7th, 2025 at 08:00 AM (UTC).<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Overview of Shiba Inu and Its Unique Tokens Shiba Inu (SHIB) is an Ethereum-based meme token that made its debut in August 2020, crafted by the anonymous developer known as \u201cRyoshi.\u201d With an astounding initial supply of one quadrillion tokens, SHIB is hailed as a community-oriented and decentralized initiative aimed at rivaling Dogecoin. The larger […]<\/p>\n","protected":false},"author":17,"featured_media":38143,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"$BONE Faces Delisting on OKX: Act Before July 7, 2025 - Bitrabo","description":"Overview of Shiba Inu and Its Unique Tokens Shiba Inu (SHIB) is an Ethereum-based meme token that made its debut in August 2020, crafted by the anonymous develo"},"footnotes":""},"categories":[315,324],"tags":[10983,12947,14224,1851,4953,12167,11767,14223],"class_list":["post-38142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-listing","category-exchanges","tag-7th","tag-amutc","tag-boneusdt","tag-delisted","tag-july","tag-okxexchange","tag-pair","tag-shibbone"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/38142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=38142"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/38142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/38143"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=38142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=38142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=38142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}