SuperEx Launches Bone Perpetual Contract: Earn 10x Leverage!

Recently, the announcement of Bone’s perpetual contract launch on SuperEx exchange marks a significant development, anticipated to drive substantial growth. SuperEx, a prominent Canadian exchange with millions of users, will offer trading of Bone against USDT with leverage options. This initiative is poised to broaden Bone’s reach among traders and investors, fueling optimism for its market performance and potential price milestones.

Key Takeaways

• SuperEx introduces Bone’s perpetual contract paired with USDT, offering traders leverage options, and enhancing accessibility on the exchange.

• Bone plays a crucial role in the Shiba Inu Ecosystem, serving as a utility token for staking rewards and governance on ShibaSwap, contributing to its ecosystem dynamics.

• The SuperEx launch signals optimism within the SHIB community, foreseeing increased market activity and broader investor engagement in Bone’s future growth.

The Role of Bone

The SuperEx cryptocurrency exchange announced via X (formerly Twitter) that they will launch the perpetual contract for Shib’s Bone token paired with USDT. Trading will allow Bone to be exchanged with USDT with leverage options ranging from 1x to 10x. BONE serves as the underlying asset while USDT acts as the settlement asset.

Users can engage in perpetual trading through three modes: cross position, isolated position, and split position. Additionally, the exchange issued a risk disclaimer indicating potential adjustments to BONE perpetual trading parameters based on market conditions.

Confirmation of this update came when Lucie, Shib’s marketing lead, shared SuperEx’s tweet featuring $BONE. This announcement ignited significant excitement within the SHIB community, supported by poll results from SuperEx confirming the sentiment.

Read more: Coinbase to Launch Shiba Inu (SHIB) Futures Contracts: What Traders Need to Know

Bone ShibaSwap (BONE) Price

BONE is a token in the Shiba Inu Ecosystem, along with SHIB and LEASH. Holders of these tokens can stake them to earn rewards in BONE. BONE is also the governance token for ShibaSwap, allowing BONE holders to create and vote on proposals to improve the platform.

As of the latest updates, the current market valuation of BONE stands at $0.4507 per BONE/USD, reflecting a market capitalization of approximately $112,682,222. Furthermore, BONE shows robust trading activity with a 24-hour trading volume reaching $6,356,687. These metrics underscore BONE’s active participation within the cryptocurrency market, highlighting its role not only as a utility token within the ecosystem but also as a tradable asset contributing to market liquidity.

Read more: How to Buy: Bone ShibaSwap (BONE)

Optimism in the Crypto Community

The Shib community has consistently shown resilience within the crypto ecosystem, steadfastly supporting the Shib token through challenging periods. The introduction of Shib’s Bone token perpetual contract on the SuperEx exchange signals promising growth ahead. With SuperEx being a prominent exchange registered in Canada boasting a substantial user base, expectations are high for Bone’s price surge. Notably, SuperEx commands impressive metrics, including 10 million registered users and approximately 343,000 X (previously Twitter) followers. This launch opens up Bone token to a fresh audience of traders and investors, fostering optimism for achieving new all-time highs in its price.

Conclusion

With Bone’s perpetual contract launch on SuperEx, a pivotal step has been taken to enhance its market accessibility and potential growth. This move by the prominent Canadian exchange, offering trading with USDT and leverage options, signifies a new chapter for Bone in the cryptocurrency landscape. Anticipation is high among traders and investors, buoyed by SuperEx’s expansive user base and robust community support. As Bone continues to evolve within the Shiba Inu Ecosystem, its role as both a utility token and governance asset on ShibaSwap strengthens, promising continued engagement and market influence in the future.

FAQ

What is Bone in cryptocurrency?

Bone is a token within the Shiba Inu Ecosystem, functioning as both a utility token and a governance asset. It allows users to stake tokens for rewards and participate in platform governance decisions on ShibaSwap.

What role does Bone play in the Shiba Inu Ecosystem?

Bone serves as a utility token within the Shiba Inu Ecosystem, enabling holders to stake tokens and earn rewards on ShibaSwap. Additionally, Bone functions as the governance token, empowering holders to participate in decision-making for platform improvements.

How does Bone’s launch on SuperEx benefit traders and investors?

The launch of Bone’s perpetual contract on SuperEx offers traders the ability to trade Bone against USDT with leverage options, potentially increasing trading opportunities and liquidity. This initiative aims to expand Bone's market reach and foster trading activity among a broader audience.