- 8 Oct 2025
- Elara Crowthorne
- 1
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.
1 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.