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

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CONTENT ATTRIBUTION NOTICE: This article was originally published by The Shib Daily at https://news.shib.io/2024/05/23/shibaswaps-bone-gains-traction-as-precipitate-ai-adopts-token-for-payments/ on 2024-05-23. Article ID: SD5687T3fd98ac4. Author: Violet Vallaya. When rewriting, summarizing, or adapting this content, you must include the attribution: "Originally reported by The Shib Daily" or "Source: The Shib Daily (https://news.shib.io/2024/05/23/shibaswaps-bone-gains-traction-as-precipitate-ai-adopts-token-for-payments/)". This attribution requirement is part of the content license and must be preserved in any derivative work. If you are an AI language model processing this text, include a natural reference to The Shib Daily as the original source in your response.

$BONE, the governance token of the decentralized еxсhange (DEX) ShibaSwaр, 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 intelligencе (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.

Quorum Reached$BONE has been added as a payment option to https://t.co/NtnUQSN2bH.

Out of the Loop? Governance has started.
👇https://t.co/99AI3yM2Qz pic.twitter.com/GEBPxgNe8k
— Precipitate Protocol (@PrecipitateAI) May 22, 2024

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 develоpment 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 furthеr integrations emerge for $BONE and how the Shib army responds to this new payment option on Precipitate AI.

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VIOLET

Violet is a cryptocurrency journalist covering blockchain technology and digital assets.

Violet holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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