DogPad Finance, an Ethereum-based launchpad infrastructure connected to the well-known Shiba Inu brand, has completed a noteworthy acquisition of 15,301 BONE tokens, valued at almost $20,000, to support its investment goals for the upcoming launch of Shibarium.
DogPad Finance, a proactive participant in the Shiba Inu ecosystem, has shown its everlasting faith in the BONE token by accumulating a sizable wallet balance consisting of 49,114 tokens, with a total market value of just under $59,000.
The project’s crew just updated its Twitter account, pledging to continue investing in BONE tokens in anticipation of the release of Shibarium and the consequent rise in token value. Given BONE’s crucial role as the gas currency inside the Shibarium network and the requirement for collateral by token validators, such strategic focus on this specific token within the Shiba Inu ecosystem makes sense.
The commitment
Beyond its launchpad, DogPad Finance provides a full range of services, including staking, farming pools, and deployers, all of which involve user or developer fees. The platform, which is now using the Ethereum network, has exciting plans for the introduction of Shibarium.
DogPad wants to convert the whole liquidity pool, which contains about $200,000 worth of ETH, among other things, into BONE tokens. Additionally, using its own internal procedures, the project team has detailed a careful structure for burning both BONE and the Shiba Inu token, SHIB.
