ShibaSwap’s $BONE Gains Traction as Precipitate AI Adopts Token for Payments

May 23, 2024

$BONE, the governance token of the decentralized exchange (DEX) ShibaSwap, has seen an expansion in its use cases with its recent integration into Precipitate AI.

This integration allows users to pay for Precipitate AI’s services using $BONE, offering greater flexibility and potentially boosting demand for the token, the company said via a tweet on Wednesday. 

Precipitate AI is a leading provider of artificial intelligence (AI) solutions for businesses. The company offers a range of services, including data analysis, machine learning model development, and natural language processing. By integrating $BONE as a payment option, Precipitate AI opens its doors to a wider audience within the cryptocurrency community, particularly those invested in the Shiba Inu ecosystem.

For $BONE holders, this integration presents a valuable utility for their tokens. While $BONE primarily functions as a governance token for ShibaSwap, allowing holders to vote on proposals that shape the DEX’s development. Additional use cases can enhance its overall value proposition. The ability to use $BONE for services beyond the ShibaSwap ecosystem could potentially drive up demand.

Last week, Precipitate AI successfully integrated Shibarium validators into its Precipitate Protocol. This allows users to launch validators on the Shibarium blockchain without needing hardware or maintenance.

Regardless, this development signifies a step forward for $BONE’s utility. As the cryptocurrency space continues to evolve, the integration of tokens into new use cases represents a potential growth driver for the industry as a whole. It will be interesting to see if further integrations emerge for $BONE and how the Shib army responds to this new payment option on Precipitate AI.

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