Precipitate.AI, an AI blockchain infrastructure, has officially added BONE as a payment option following a community governance vote.
![Precipitate Protocol Adds BONE as a Payment Option after the Community Votes 100% to Adopt the Shiba Inu Ecosystem Token in a Recent Governance Setup Precipitate Protocol Adds BONE as a Payment Option after the Community Votes 100% to Adopt the Shiba Inu Ecosystem Token in a Recent Governance Setup](/uploads/2024/05/23/cryptocurrencies-news/articles/precipitate-protocol-adds-bone-payment-option-community-votes-adopt-shiba-inu-ecosystem-token-governance-setup/image-1.png)
AI blockchain infrastructure Precipitate.AI has officially added BONE as a payment option following a recent community governance vote. The vote, which took place between May 20 and May 23, saw BONE emerge victorious with a 100% consensus.
The vote was conducted to determine the new payment currency for the platform, with two tokens, BONE and LEASH, vying for the role. The voting system was single choice, and the snapshot block stood at 19,886,694. A quorum of 5 million RAIN was required to validate the vote, and the total votes cast amounted to 8.4 million RAIN, comfortably surpassing the threshold.
In the final tally, BONE received all the votes, totaling 8.4 million RAIN, while LEASH saw no votes. Notably, the voter groovydeath.eth influenced the outcome by casting 7 million RAIN in favor of BONE, which accounted for approximately 83.33% of the total votes. Other notable votes included 0x5e10…d9cA with 1.3 million RAIN, 0x6fD7…6cE9 with 100K RAIN, 0x8AA2…230D with 10K RAIN, and 0x570b…31E8 with 2K RAIN.
The adoption of BONE as a payment option on Precipitate is expected to bolster its market presence. As of today, BONE trades at $0.6268, with a 24-hour trading volume of $5,406,273. However, its price action has been turbulent in recent times, dropping 2.65% in the last 24 hours and 3.74% over the past 7 days.
BONE, which was initially introduced as a reward token for SHIB holders, has seen its role within the Shiba Inu ecosystem expand significantly. It now also functions to burn SHIB tokens on Shibarium, Shiba Inu’s layer-2 scaling solution. This evolution in BONE's utility is likely to enhance its adoption and use cases within the ecosystem.
Furthermore, recent speculation from Coinpedia Markets suggests that Coinbase may be considering listing BONE sometime this year. If this speculation proves true, it will provide a substantial boost to BONE's visibility and liquidity in the cryptocurrency markets. Coinpedia also highlights BONE's governance and staking roles, along with its integration with D3 Global, as key aspects supporting its potential listing on major exchanges.
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