The Shiba Inu ecosystem continues to evolve, but one persistent question lingers in the minds of investors and community members: why hasn’t Bone ShibaSwap (BONE), the governance token of ShibaSwap, been listed on major crypto exchanges like Binance and Bybit? Lucie, the marketing lead for Shiba Inu, recently addressed this issue head-on, offering clarity on the project’s stance and long-term vision.
Why BONE Isn’t on Binance or Bybit — The Real Reason
In a revealing post on X (formerly Twitter) on September 16, Lucie explained that despite BONE’s central role in the Shiba Inu ecosystem, the team has made a deliberate choice not to pursue paid exchange listings. “Exchanges, even those with a strong track record, are shifting focus from supporting promising tokens to prioritizing profits,” she stated.
This shift, Lucie emphasized, is driven by increasing competition and liquidity challenges across the crypto space. As centralized exchanges (CEXs) face pressure to monetize every listing opportunity, many now operate on a pay-to-play model — a practice the Shiba Inu team refuses to endorse.
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“Because they’re paid listings. Shib has never paid for listings,” Lucie clarified in response to growing community curiosity. Her message was clear: organic growth and real-world utility matter more than artificial visibility.
Rather than spend millions on exchange fees, the team is focusing on strengthening the fundamentals — user engagement, platform development, and decentralized governance. “Let’s stay calm and focus on organic growth instead of wasting money on paid listings,” Lucie urged, reinforcing the community-driven ethos that has defined Shiba Inu since its inception.
Community Reaction and Market Sentiment
Lucie’s comments sparked widespread discussion across social platforms. While many supporters praised the commitment to integrity and decentralization, others expressed concern given BONE’s current market performance.
At the time of writing, BONE was trading at approximately $0.3894, reflecting a nearly 4% drop over the past 24 hours. The token reached an intraday low of $0.386 and a high of $0.4071. On a broader timeline, BONE has declined by 1.66% over the past week and a staggering 50% year-to-date.
Although it remains 34% above its all-time low of $0.2899, the downward trend has raised eyebrows — especially when compared to other meme coins that have surged following major exchange listings.
FAQ: Addressing Key Investor Questions
Q: Is BONE completely unlisted anywhere?
A: No. While BONE isn’t available on Binance or Bybit, it was listed on an Indonesian crypto exchange earlier this year, adding credibility to its growing adoption outside top-tier platforms.
Q: Does Shiba Inu plan to apply for listings in the future?
A: There’s no indication of a change in strategy. The team remains committed to organic growth and hasn’t signaled plans to pursue paid listings.
Q: Can BONE still grow without major exchange support?
A: Yes — but growth may be slower. Tokens can gain traction through strong communities, utility, and decentralized exchange (DEX) volume, though CEX listings typically accelerate price momentum.
Q: What gives BONE value if it’s not widely traded?
A: BONE powers governance within ShibaSwap, allowing holders to vote on platform upgrades, fee structures, and future developments. Its value is tied to ecosystem participation rather than speculative trading alone.
Broader Industry Trends and Exchange Priorities
Lucie’s insights reflect a broader shift in how exchanges evaluate new tokens. Binance co-founder He Yi recently noted that the exchange isn’t actively promoting meme coin trends. Instead, Binance is focusing on emerging sectors such as Telegram-based play-to-earn (P2E) games and innovative blockchain applications with real utility.
This strategic pivot suggests that while meme coins still capture public attention, exchanges are becoming more selective — favoring projects with sustainable models over viral hype.
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For Shiba Inu, this environment presents both a challenge and an opportunity. By avoiding shortcuts and emphasizing long-term development, the project positions itself as more than just another meme coin — potentially appealing to institutional and value-driven investors down the line.
Strengthening Fundamentals: The Path Forward
Beyond exchange listings, the Shiba Inu team is actively working to enhance the ecosystem’s core mechanics. Lucie recently unveiled plans to increase the SHIB burn rate — a move designed to reduce supply and potentially boost scarcity-driven demand.
Such initiatives aim to build intrinsic value within the ecosystem, independent of external market forces or speculative trading spikes.
Additionally, continued improvements to ShibaSwap — including enhanced liquidity pools, cross-chain functionality, and user interface upgrades — are expected to drive greater adoption among DeFi users.
FAQ: Understanding the Strategic Vision
Q: How does not paying for listings align with Shiba Inu’s goals?
A: It reinforces trust and decentralization. The team believes true adoption comes from utility and community strength — not paid promotions or artificial volume.
Q: Could BONE eventually get listed without direct payment?
A: Yes. Exchanges sometimes list tokens organically if they demonstrate strong trading volume, security audits, and user demand — all areas where ShibaSwap could improve over time.
Q: What role does community voting play in BONE’s future?
A: Central. As a governance token, BONE holders influence key decisions — from feature rollouts to partnership approvals — ensuring the ecosystem evolves according to collective will.
Final Thoughts: Patience Over Hype
While some investors may feel frustrated by BONE’s absence from top exchanges, Lucie’s message underscores a principled approach to growth. In an industry often driven by short-term gains and marketing stunts, Shiba Inu stands out by prioritizing authenticity and long-term sustainability.
The decision not to pay for listings may delay mainstream exposure, but it strengthens the project’s credibility in a space increasingly wary of manipulation and inflated metrics.
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As the crypto market matures, projects built on solid foundations — rather than paid visibility — may ultimately prove more resilient. For now, the Shiba Inu team invites patience, urging supporters to focus on what truly drives value: innovation, adoption, and organic momentum.
Core Keywords: Shiba Inu, BONE token, Binance listing, Bybit, ShibaSwap, crypto exchange listing, meme coin, decentralized governance