Ambiguities and Clarifications Regarding “BONY Coin”
In the cryptocurrency market, the term “BONY Coin” may refer to several different tokens, which has caused confusion for investors in identifying and trading them. Based on publicly available information, the following three tokens are most commonly referred to:
- Bone ShibaSwap (BONE): This is a key component of the Shiba Inu ecosystem, serving as the governance token for its decentralized exchange, ShibaSwap. It has a relatively active market and broad trading support.
- Bony (BONY): This is a token with very limited trading activity; its last recorded transaction occurred in July 2022. Market liquidity is currently extremely low.
- Bloody Bunny (BONY): This token also uses “BONY” as its ticker, but its smart contract is modifiable, and public data suggests its market capitalization may be zero, posing extremely high risks.
Given the vast differences in market activity and risk levels, this article will focus on providing trading information for “Bone ShibaSwap (BONE)” and issue risk warnings regarding other tokens with the same name.
Bone ShibaSwap (BONE) Overview and Trading
Bone ShibaSwap (BONE) is a governance token within the Shiba Inu ecosystem, primarily used on the ShibaSwap platform.Holders can stake BONE to earn rewards and participate in voting on platform improvement proposals, thereby influencing the future development of the Shiba Inu ecosystem. The ShibaSwap platform was launched in July 2021 and supports operations such as trading, staking, providing liquidity, and burning SHIB tokens.
Key Data for the BONE Token (Historical data, for reference only)
- Maximum Supply: 230 million BONE.
- Circulating Supply: As of May 2023, approximately 229,923,351 BONE.
- All-time high: Reached approximately $15.50.
- All-time low: Reached a low of approximately $0.000035888.
Please note that the price and supply data above are historical records. The cryptocurrency market is highly volatile, and the current situation may have changed significantly.
Exchanges Where BONE Is Traded
Bone ShibaSwap (BONE) can be traded on multiple centralized and decentralized exchanges. Please verify the latest listing status and trading pairs for BONE on each platform before trading.
Centralized Exchanges (CEX)
Centralized exchanges that have listed or currently support trading of BONE include:
- Gate.io
- MEXC
- Poloniex
- Bitget
On these platforms, users can typically purchase stablecoins such as USDT with fiat currency and then exchange the stablecoins for BONE. Please refer to the official guidelines of each exchange for specific buying and selling procedures.
Decentralized Exchanges (DEX)
As part of the Shiba Inu ecosystem, BONE also has liquidity on decentralized exchanges, primarily including:
- Shibaswap (Ethereum Network): As the core DEX of the Shiba Inu ecosystem, Shibaswap is one of the most active trading venues for BONE, with the primary trading pair being BONE/WETH.
- Uniswap (V3): A well-known decentralized exchange on the Ethereum.
- Quickswap (Polygon network): Offers BONE trading on the Polygon network, such as the BONE/USDC.E trading pair.
To trade BONE on a decentralized exchange, users need to use a Web3 wallet (such as MetaMask) that supports the Ethereum, or Polygon networks, and connect to the DEX platform to execute trades.
Risk Warning Regarding Other “BONY Coins”
Bony (BONY)
Trading activity for this token has virtually ceased since July 2022, and market liquidity is extremely scarce. This means investors may find it difficult to buy or sell the token, and even if they hold it, they may struggle to liquidate their holdings. There is a lack of reliable background information about the project in publicly available sources; investors are advised to steer clear of such low-liquidity, opaque assets.
Bloody Bunny (BONY)
This token also uses BONY as its ticker symbol, but its smart contract carries significant risk warnings: the contract creator can modify contract parameters, such as disabling the sell function, changing transaction fees, minting new tokens, or transferring existing tokens. This modifiability grants the project team excessive power, which could result in substantial losses for token holders.Furthermore, the project’s self-reported market capitalization may be zero, further highlighting its high-risk nature. Investors are strongly advised to remain vigilant regarding such assets and avoid trading them.
Investment Risk Warning
The cryptocurrency market is highly volatile and carries significant investment risks. The information provided in this article is for educational purposes only and does not constitute investment advice. Before engaging in any cryptocurrency transactions, be sure to conduct thorough research, understand the associated risks, and make decisions based on your own risk tolerance.
