ShibaSwap’s BONE Token Price Rises While Shiba Inu’s SHIB Drops – Is Avorak the New Winner?
ShibaSwap is a decentralized exchange launched in July 2021 that offers users the ability to generate cash by assigning their assets to various tasks. The platform operates using three interconnected tokens: Shiba Inu (SHIB), Doge Killer (LEASH), and Bone (BONE). SHIB is the core of the exchange, modeled after Dogecoin and providing high security and functionality through the Ethereum blockchain. LEASH is a stablecoin-like rebase token that aims to displace Dogecoin as the most popular dog-themed cryptocurrency. BONE is the governance token for the ShibaSwap ecosystem and allows users to vote on and propose improvements to the protocol. The price of BONE has recently gone up due to the announcement of Shibarium, a layer-2 blockchain similar to Polygon (MATIC), which would make ShibaSwap the first DEX on the platform. Additionally, Avorak AI is a full suite of AI products designed for prosumer and corporate use that will utilize the AVRK token as credit. AVRK holders will receive a share of the profit from product usage, creating a positive feedback loop. Youtubers are already promoting the project, and investors are bullish on the potential profits. However, readers should do their own research before taking any actions related to the company.