Shibarium's BONE Price-Based Burn Plan Secures 93% Support BONE Surges 15% Post-Vote

The BONE Price-Based Burn Plan has secured a commanding victory in the Shibarium governance vote, signaling a strategic shift in the Shiba Inu ecosystem’s tokenomics. The proposal, which ties token burns to BONE’s market price, received 103,793.287 BONE votes—accounting for over 93% of the 110,558 BONE tokens cast—far outpacing alternative options such as fixed-burn ratios or exclusive SHIB burns [1]. This dynamic mechanism stipulates that BONE tokens will be burned when the price falls to $2 or below, while SHIB burns will activate when BONE exceeds this threshold. The overwhelming support reflects community confidence in aligning supply adjustments with real-time price metrics to stabilize the token’s value during market volatility.

The voting process, which saw over 120,000 BONE tokens mobilized, underscores growing enthusiasm for decentralized governance in Shibarium. Over 450,000 unique voters participated in the three-week poll, with the price-based plan’s 20-percentage-point lead over the second-place 50-50 SHIB/BONE ratio proposal highlighting strong consensus [2]. Critics argue the plan’s effectiveness hinges on sustained liquidity and market sentiment, but proponents emphasize its simplicity and immediate responsiveness to price fluctuations. The mechanism also eliminates reliance on centralized entities for treasury management, aligning with Shibarium’s decentralization goals.

Meanwhile, SHIB’s burn rate has plummeted amid the governance activity. Recent data from Shibburn shows a 95.08% drop in daily SHIB burns, with only 313,491 tokens destroyed in the last 24 hours. Weekly burns have similarly fallen by 70.78%, despite over 410 trillion SHIB still being removed from circulation. This sharp decline, however, does not reflect waning interest in the ecosystem. Instead, it highlights a strategic reallocation of resources toward BONE’s dynamic burn model. The integration of price-based triggers into Shibarium’s smart contracts could further automate supply adjustments, reducing the need for manual interventions.

The outcome reinforces the community’s role in shaping Shiba Inu’s future, even as key figures like Shytoshi Kusama and Kaal Dhairya continue to contribute behind the scenes. The decentralized approach, now codified into the protocol, aims to create a self-sustaining deflationary cycle. Analysts suggest this could attract investors seeking tokens with adaptive economic policies, though long-term success will depend on balancing burn rates with new supply from staking rewards or airdrops. Regulatory considerations also loom, as automated market interventions may face varying compliance standards across jurisdictions.

Developers are now preparing smart contract upgrades to implement the burn mechanism, prioritizing security audits to prevent exploitation. If executed successfully, the plan could serve as a blueprint for other meme coin projects navigating the complexities of tokenomics. For now, BONE’s price has already responded positively, surging 15% in the 48 hours following the vote, as the community signals its readiness to embrace a more agile economic model [2].

Source: [1] [BONE Price-Based Burn Plan Dominates Shibarium Vote With Huge Lead] https://coinmarketcap.com/community/articles/6885da2104724b2d1e08a93c/ [2] [You Won't Believe What Cracked the Top 10 Meme Coins...] https://www.msn.com/en-us/news/technology/you-won-t-believe-what-cracked-the-top-10-meme-coins-this-cat-s-clawing-its-way-up-fast/ar-AA1JjK1x