U.Today - , a launchpad infrastructure built on Ethereum and associated with the renowned Shiba Inu brand, has recently made a notable move by acquiring 15,301 BONE tokens, with a value of approximately $20,000, to fuel its investment ambitions for the forthcoming launch of Shibarium.
Acting as a proactive contributor within the Shiba Inu ecosystem, DogPad Finance has demonstrated its unwavering confidence in the by amassing a substantial wallet balance comprising 49,114 tokens, which collectively hold a value of slightly over $59,000.
In a recent update on its Twitter account, the project's team expressed its commitment to further investing in BONE tokens, eagerly anticipating the release of Shibarium and the subsequent surge in token valuation. Such strategic focus on this particular token within the ecosystem is rational, given BONE's vital function as the gas currency within the network, as well as token validators' need for collateral.
The commitment
DogPad Finance offers a comprehensive suite of services beyond its launchpad, encompassing staking, farming pools and deployers, all of which require user or developer fee contributions. Currently operating on the Ethereum network, the platform has captivating plans for Shibarium's launch.Among other things, DogPad aims to convert the entire liquidity pool, consisting of approximately $200,000 worth of ETH, into BONE tokens. Moreover, the project team has outlined a meticulous framework for burning both BONE and the Shiba Inu token, SHIB, leveraging its own internal mechanisms.