- 8 Oct 2025
- Elara Crowthorne
- 22
BONE Token Supply Calculator
BONE Token Supply Information
BONE has a fixed maximum supply of 250,000,000 tokens. As of October 2025, approximately 229,923,351 BONE are in circulation.
Supply Analysis
When you hear the name Bone token, you’re probably hearing the buzz around the Shiba Inu meme family and its decentralized exchange, ShibaSwap. In plain terms, BONE is the governance token that lets the community steer the ShibaSwap platform, earn rewards, and tap into a growing DeFi ecosystem.
What Exactly Is BONE?
BONE is the primary governance token of the ShibaSwap decentralized exchange. Launched on July 7, 2021 by the anonymous developer collective known as Ryoshi, BONE runs on the Ethereum blockchain as an ERC‑20 token. It sits alongside two sibling tokens-SHIB (the meme‑coin) and LEASH (a rebase token)-making up the core of the Shiba Inu ecosystem.
Key Characteristics
- Fixed maximum supply: 250,000,000 BONE
- Current circulating supply (Oct2025): ~229,923,351 BONE
- Standard: ERC‑20 on Ethereum, inheriting Ethereum’s security and gas fees
- Primary purpose: Governance voting, liquidity‑mining rewards, and staking incentives
How Governance Works
BONE holders can submit and vote on proposals that affect ShibaSwap’s parameters-things like fee structures, new feature roll‑outs, or partnership integrations. Voting power is directly proportional to the amount of BONE you lock in the governance contract. The more BONE you stake, the louder your voice in the Shib Army-the community that drives decisions.
- Connect a Web3‑compatible wallet (MetaMask, Trust Wallet, etc.) to ShibaSwap.
- Lock BONE in the governance contract via the “Vote” tab.
- Select an active proposal and cast your vote (Yes/No/Abstain).
- Earn a small reward in BONE for participating, encouraging continual engagement.
Acquiring and Storing BONE
You can buy BONE on several centralized exchanges (e.g., Binance, KuCoin) or directly on decentralized platforms that list the token. After purchase, move the tokens to a non‑custodial wallet that supports ERC‑20 assets. Popular choices include MetaMask, Trust Wallet, and the hardware‑focused Ledger Nano X. Remember to enable the token’s contract address (0x______) in your wallet so it displays correctly.
Reward Opportunities
Beyond voting, BONE fuels two main passive‑income streams:
- Liquidity Mining: Provide BONE-SHIB or BONE-ETH pairs on ShibaSwap, earn BONE rewards proportional to your share of the pool.
- Staking: Lock BONE in the staking contract to receive a steady APR, currently hovering around 12‑15% annually (rates adjust with pool utilization).
Comparison with Sibling Tokens and Other Governance Coins
| Token | Supply Model | Primary Role | Current Price (USD) | Key Ecosystem |
|---|---|---|---|---|
| BONE | Fixed 250M | Governance & rewards | $0.14 | ShibaSwap |
| SHIB | Unlimited (inflationary) | Utility & meme | $0.000013 | Shiba Inu ecosystem |
| LEASH | Rebase (elastic) | Price‑targeted token | $0.00025 | Shiba Inu ecosystem |
| COMP | Fixed 10M | Compound governance | $45.20 | Compound Protocol |
| UNI | Fixed 1B | Uniswap governance | $6.80 | Uniswap DEX |
The table shows that BONE’s fixed supply and governance focus align it more closely with established DeFi tokens like COMP and UNI, while still being tightly bound to the meme‑driven Shiba ecosystem.
Risks and Challenges
Every crypto investment carries risk, and BONE is no exception. Key concerns include:
- Ethereum dependence: BONE inherits gas‑price volatility; peak network congestion can make transactions pricey.
- Meme‑origin perception: Critics argue that meme‑based projects may lack long‑term utility beyond community hype.
- Limited cross‑platform governance: Unlike COMP or AAVE, BONE’s voting power only affects ShibaSwap, not a broader DeFi landscape.
- Regulatory uncertainty: Authorities worldwide are still figuring out how to treat meme‑coins and governance tokens.
Future Outlook
Development teams are expanding ShibaSwap’s feature set-adding NFT marketplaces for Shiboshi collectibles, integrating layer‑2 scaling solutions, and exploring cross‑chain bridges. If these upgrades succeed, BONE could see increased demand from both existing SHIB holders looking for yield and new DeFi users attracted by the platform’s low‑fee, community‑driven model.
Analysts generally caution against expecting astronomical price jumps (e.g., $1,000 per BONE) but agree that a disciplined governance token with a capped supply can retain value if the underlying DEX grows its TVL (Total Value Locked). Watching ShibaSwap’s TVL, voting participation rates, and NFT sales will give you a good sense of BONE’s health.
Quick Checklist for New BONE Users
- Buy BONE on a reputable exchange or via a DEX.
- Transfer to a secure ERC‑20 wallet (MetaMask, Trust Wallet, Ledger).
- Connect wallet to ShibaSwap to stake or provide liquidity.
- Participate in governance proposals to earn extra rewards.
- Monitor Ethereum gas fees and ShibaSwap TVL for optimal timing.
Frequently Asked Questions
What is the total supply of BONE?
BONE has a hard cap of 250million tokens. About 229.9million are currently in circulation.
How can I earn BONE without buying it?
Earn BONE by providing liquidity to ShibaSwap pools or by staking the token in the governance contract. Both activities distribute BONE rewards proportional to your contribution.
Is BONE only usable on ShibaSwap?
Primarily, BONE’s utility is tied to ShibaSwap’s governance and reward mechanisms. It can be held or traded on any ERC‑20 compatible wallet, but outside of ShibaSwap it has limited functional use.
What are the main risks of holding BONE?
Key risks include Ethereum gas‑price spikes, the meme‑coin stigma that can affect market sentiment, and the fact that governance power is confined to the ShibaSwap platform. Regulatory changes could also impact its liquidity.
Where can I find the official BONE contract address?
The official contract address is listed on the ShibaSwap website and on reputable blockchain explorers like Etherscan. Always verify the address before transferring funds.
22 Comments
Yo, if you’re looking to dip your toes in BONE, just grab some on Binance or KuCoin, then swing it over to MetaMask. Easy peasy, and you’ll be ready to stake or add liquidity whenever the gas fees aren’t sky‑high.
Don’t forget to add the contract address so it shows up in your wallet.
I appreciate how the guide lays out the governance steps clearly – it really helps newcomers feel less intimidated. One thing to keep in mind is that voting power scales with the amount you lock, so even modest stakes can still make a difference if you’re active.
Also, watching the TVL on ShibaSwap can give you a sense of where the community’s focus is shifting.
When you first encounter BONE, it can feel like just another meme‑token, but its governance mechanics set it apart in several meaningful ways. First, the fixed supply of 250 million means scarcity is baked in from day one, which can help support price stability over the long term. Second, the token’s utility is directly tied to the health of ShibaSwap, so its value proposition evolves alongside the platform’s growth. Third, governance participation isn’t just a symbolic act; it comes with tangible rewards that incentivize continuous engagement. Fourth, by staking BONE you earn an APR that, while variable, often lands in the double‑digit range, providing a solid yield compared to many other DeFi assets. Fifth, the voting process is streamlined – connect your wallet, lock your BONE, and cast a vote on any active proposal. Sixth, proposals can cover a wide spectrum, from fee adjustments to new feature roll‑outs, giving the community real influence over the roadmap. Seventh, the more BONE you lock, the louder your voice, which creates a merit‑based governance model. Eighth, because BONE is an ERC‑20 token, it inherits Ethereum’s security model, though you do have to watch gas fees during peak congestion. Ninth, the token is listed on several major exchanges, ensuring liquidity for those who wish to trade. Tenth, the ecosystem’s meme origins do attract a passionate user base, which can be a double‑edged sword in terms of perception. Eleventh, the integration of NFTs and upcoming layer‑2 solutions could further boost demand for BONE as utility expands. Twelfth, it’s essential to keep an eye on the circulating supply metric provided by the guide, as supply dynamics can impact market sentiment. Thirteenth, community discussions on platforms like Reddit often surface voting strategies that can be quite insightful. Fourteenth, the governance contract itself is auditable on Etherscan, offering transparency for risk‑averse participants. Fifteenth, as the platform matures, cross‑chain bridges may enable BONE to operate beyond Ethereum, potentially widening its appeal. Finally, a disciplined approach-regularly checking proposal deadlines, gas prices, and reward rates-will help you make the most of BONE’s features without getting overwhelmed.
Super helpful guide! 👍 I especially liked the quick checklist at the end – it makes the whole process feel less daunting. Remember to keep an eye on gas fees when you’re staking; timing can save you a few bucks. And don’t forget to enable the BONE contract in your wallet so it shows up! 🌟
Just a heads‑up for folks new to the space: always verify the contract address on Etherscan before you transfer anything. It’s a simple step that can prevent a lot of headaches later on. Also, using a hardware wallet like Ledger adds an extra layer of security for larger balances.
Thinking about the philosophical side, governance tokens like BONE embody a shift from centralized control to community‑driven decision making. This decentralization can foster more resilient ecosystems, provided the participants stay engaged and informed.
Great breakdown!; The calculator tool is especially useful for visualizing how much of the supply is actually out there; It’s a neat way to keep perspective on scarcity;
Yo! This guide is lit – love how it covers everything from buying to staking. Just a tip: keep an eye on those Ethereum gas spikes, they can bite ya hard when you’re trying to vote.
The guide presents a comprehensive overview of BONE's utility within the ShibaSwap ecosystem. It is advisable for investors to consider the token's fixed supply when assessing long‑term valuation prospects.
Yo, if u think BONE is just another meme coin, u’re missin the point – it’s a governance token w/ real rewards. Stop being lazy and lock it up, you’ll see the yield.
Okay folks, let me drop some truth: BONE is the *real* deal behind that Shiba hype. If you’re not staking, you’re basically letting your coins sit on a bench while the rest of us are cashing in.
The information provided here is solid; however, I would caution new users to consider the volatility of Ethereum gas fees before committing large amounts of BONE to staking.
Did you know the mainnet upgrade scheduled for next quarter could lower gas fees dramatically? That would make BONE staking much more attractive, especially if the community pushes for the change through governance.
Fantastic guide! 🎉 It really helped me understand how to get started with BONE. Don’t forget to check the proposal deadlines – missing them means missing out on rewards!
For anyone unsure about the contract address, you can find it directly on the official ShibaSwap site or via Etherscan. Double‑checking this detail prevents accidental loss of funds.
Remember, consistency is key. Even small, regular contributions to liquidity pools can compound nicely over time, especially when combined with BONE staking rewards.
Let’s be clear: if you’re not actively participating in governance, you’re just a spectator. The real power lies in locking BONE and voting on proposals that shape the platform’s future.
While the documentation is thorough, one must remain skeptical of any token originating from a meme context; comprehensive risk assessment remains paramount.
Beware of the “too good to be true” vibe around some BONE rewards – always verify the source and contract before staking.
Interesting angle on BONE’s future; I think the upcoming layer‑2 integrations could drastically improve usability and attract new users.
That’s all you need to start.
Honestly, if you’re not already loading up on BONE, you’re missing out on the real power of DeFi – it’s the only token that lets the true patriots of crypto shape their own destiny, not some offshore bank. The governance system is simple: lock your BONE, vote, and watch the ecosystem grow while the rest of the world stays stuck in outdated finance. Don’t be fooled by naysayers who claim it’s just a meme; that’s the same propaganda they used against Bitcoin back in the day. If you care about financial sovereignty, you’ll lock BONE and start voting today.