Since its launch in 2021, the BONE token has enjoyed a variety of support from the core Shiba Inu community. The token, which was initially released because the native token for the ShibaSwap decentralized exchange), has since expanded its use case because the native utility token for the SHIB Layer 2 blockchain Shibarium. Following the success of the coin up to now, SHIB’s marketing lead, Lucie, has taken to X (formerly Twitter) to propose a possible recent listing.
Getting Robinhood To List BONE
Shiba Inu marketing team lead Lucie has suggested that crypto and stock trading platform Robinhood list the BONE token. Tagging the official Robinhood X (formerly Twitter) account within the post, Lucie pitched the token, telling the trading platform that it’s the token that powers Shibarium, an Ethereum Layer 2 blockchain. Lucie closed out the post by asking Robinhood to “Kindly consider listing $BONE.”
Hello @RobinhoodApp,
Remember #Shibarmy? We’ve got an incredible gas token powering our L2 #Shibarium
💥 $BONE 💥
Kindly consider listing $BONE. 🙌🏻
Thanks!— 𝐋𝐔𝐂𝐈𝐄 | ✨Shib.io✨ (@LucieSHIB) November 9, 2023
As expected, the decision from the SHIB marketing lead for Robinhood to list the token has already garnered support. Community members took to the comment section to make their support for the proposal known to Robinhood, with some tagging the trading platform and one user specifically asking “Wen BONE.”
This just isn’t the primary time that the SHIB community has actually rallied to lobby the trading platform to list a token. Back in 2021, the SHIB community began a petition for Robinhood to list SHIB and the petition garnered over 300,000 signatures. Eventually, after a 12 months, the trading platform would give in and list SHIB for trading.
Then in 2023, the primary calls for Binance to list BONE made their approach to social media. The community went the best way of the petition over again early this 12 months and made a petition asking the most important crypto exchange on this planet to list the token. This petition has not been as successful with only a bit of over 2,000 votes gathered up to now.
What Happens With A Robinhood?
The listing of BONE on a platform comparable to Robinhood is very important for projects attributable to the exposure that such listings bring. With over 10 million users worldwide, it might be presented to more potential investors, and rising interest translates to rising liquidity and costs.
Nevertheless, it just isn’t at all times the case that a token soars right after listing on a platform like Robinhood. For instance, when the trading platform listed Shiba Inu in April 2022, the value didn’t get well. As a substitute, it continued to plunge, and the news had little to no effect on the value trajectory.
Nevertheless, an inventory on Robinhood could present the token as a more ’serious’ investment. For now, the token is just trading on decentralized exchanges comparable to Uniswap, and centralized exchanges including Gate, Polniex, Crypto.com, Bitget, and OKX, amongst others.
Token price sitting at $0.74 | Source: BONEUSDT on Tradingview.com
Featured image from BSC News, chart from Tradingview.com