Members of the Shiba Inu (SHIB) community are aggrieved at the moment over the major shunning of BONE by the Binance exchange. Token listing on this trading platform is considered one of the peak moments for projects looking for centralized exchange validation. In its latest update, the exchange has revealed plans to list relatively newer projects like NEIRO, TURBO, and Baby Doge Coin (100000BABYDOGE) for spot trading.
When is BONE Listing?
Taking to the X platform, Shiba Inu marketing lead Lucie asked Binance Exchange to list BONE in plain terms. More community members joined Lucie in criticizing the top exchange, as many believed BONE had earned its place as a utility token overall.
Bone ShibaSwap plays a crucial role in the Shiba Inu ecosystem. The token serves as the governance asset for the ShibaSwap exchange and now plays a key role in burning SHIB on Shibarium. Since its launch in July 2021, top exchanges like Gate.io and OKX have listed the token but Binance has yet to consider it despite many expectations. In more recent posts, Lucie highlighted why some projects make top listings over others. She acknowledged that hyped tokens might rake in more profits relatively quickly. This is even more necessary in the face of shrinking liquidity.
“The lack of liquidity and fierce competition are driving them to seek quick financial gains, often at the expense of valuable projects. As a result, they’re overlooking some great potential tokens,” she said. Age of Shibarium Many evolutions happen simultaneously in the digital currency ecosystem, but a standout performer is decentralized finance (DeFi). To properly catch up with this offshoot of Web3, the Shiba Inu team is optimizing Shibarium.
To Lucie, DeFi will win, and Shibarium will play a crucial role in this sector in the long term. It remains unclear whether Binance will respond to the community’s call for a BONE listing.
Final Thoughts
The Shiba Inu community’s frustration over Binance’s continued exclusion of BONE from its platform highlights the growing tension between crypto projects seeking validation and major exchanges prioritizing tokens with short-term profit potential. BONE, a governance token crucial to the ShibaSwap ecosystem, has been listed on several reputable platforms, but Binance’s preference for newer, hyped tokens like Baby Doge Coin raises questions about its listing criteria. The lack of liquidity in the market, combined with fierce competition among tokens, may be driving exchanges like Binance to focus on tokens that promise quick returns, sidelining more utility-driven projects like BONE.
Lucie, Shiba Inu’s marketing lead, underscores a key issue in the current crypto landscape: exchanges often prioritize immediate financial gains over long-term utility. While Binance’s listing decisions reflect broader market trends, the Shiba Inu team remains focused on the long-term evolution of decentralized finance (DeFi) through its Shibarium initiative. With DeFi poised to play a critical role in Web3, BONE’s exclusion from Binance might be a missed opportunity for the exchange to support a token with growing utility. Whether Binance will eventually respond to the community’s pressure remains uncertain, but the debate signals deeper concerns about token valuation in the crypto ecosystem.
Article Source: U.Today
