General

Disclaimer: here

The technical principles underlying the Bones Protocol are closely aligned with those of the Dunes protocol, which successfully introduced the concept of fungible tokens to Dogecoin. The Dunes Protocol combines the features of both fungible and non-fungible tokens into a single implementation.

Additionally, the protocol will enable decentralized liquidity pools (LP pools) for tokens on Dogecoin L1, without the need for multi-sigs. Similar to DEXes on EVM chains and Solana, such as Uniswap, and their Automated Market Making (AMM) protocols, Bones Protocol will provide a comfortable way to trade fungible tokens on-chain.

The first token ($BONE) will act as the base token of the protocol. Still, the first token should not be seen as an investment or “utility token”, it is simply indexed slightly differently to technically enable the protocol features.

The tokens of the Bones Protocol combine features of both fungible and non-fungible tokens into a single implementation. When tokens are wrapped in inscriptions, they are in their non-fungible form, aka NFTs, and become part of a Collection.