Bone minting now paused due to setting new milestone ahead of Shiberium release
As per the update posted on sheba swap The official Twitter account, Bone Minting, has been officially suspended as the current supply exceeds 230 million.
Update: Due to the current supply of Bone exceeding 230 million, Bone Mining has been officially halted.
The remaining approximately 20 million are designated for Shiberium validators.
The maximum supply of Bone is 250 million, and will always be so for the token. https://t.co/ynGK7wJU9i
— ShibaSwapDEX (@ShibaSwapDEX) 9 September 2022
“The maximum supply of Bone remains 250 million, and will always be so,” it added. In June, the community decided to stop all bon farming when it reached 230 million in order to save and secure the remaining 20 million for Shiberium validators.
The upcoming Layer 2 Shiberium will require 20 million bonne to be secured for the protocol to operate, with rewards for validators and gas being reserved in this way. Additionally, it is known that delegates will be rewarded at Bone for their efforts and for performing their assigned roles in the blockchain.
Buoyed by positive news from exchange listings and ecosystem events, Bone was a top gainer in August, closing the month with a positive 183% gain. At the time of publication, Bone was trading down 2% at $1.84.
The dawn of a new stage?
With bone minting halted, the question now is “what will now be available as rewards to everyone other than validators?” Shiba Inu’s lead developer, Shiotoshi Kusama, answered this in a recent blog post as he introduced the Treat.
The upcoming reward token, Treat, is set to enter the ecosystem soon and will be launched as part of the evolution of the SHIB ecosystem. Kusama said that Treat was developed quietly because the team did not want to introduce another token into the ecosystem before its use case was established and outlined.
Treat will receive rewards for the blockchain version of the Metaverse and Shiba Collective card game, as well as SHIB, helping to balance the Shiba Inu ecosystem stablecoin. “This is a big step in the final stage of complete decentralization of this massive project,” said the lead developer of SHIB, as TREAT will bring great benefits to the ecosystem holders.