What Is Doge Killer? | LEASH Review
May 16, 20225 min read
Shiba Inu has become the second most popular cryptocurrency after Dogecoin. For such a short period of existence, the platform has managed to win the hearts of millions of fans around the world and become the largest cryptocurrency by market capitalization. To date, Shiba Inu is no longer an ordinary meme token but an entire ecosystem growing rapidly. In addition, the platform has launched its decentralized exchange Shiba Swap, the creative platform Shiba Inu Incubator, and the charity organization Shiba Inu Rescue Association.
In the Shiba Inu ecosystem, the SHIB token remains the main one. But as we know, SHIBS need a LEASH to protect and control them. And also BONES to encourage them. This article will analyze the second token of the ecosystem — LEASH, dispel all the myths about it, and tell you exciting features.
What is LEASH?
The LEASH token is the second token of the ecosystem. According to the idea of the developers, the LEASH was originally a rebase token. The price of the LEASH was tied to the Dogecoin price, and the maximum token supply was not set. But with the development of the ecosystem, the developers revised this model and decided to “unleash” the full potential of the token.
The LEASH token is an ERC20 token and has a limited supply of 107,647 tokens. Such a small supply makes LEASH a unique meme token since often such tokens have millions or even trillions of supply. In addition, such a small offer boosts the LEASH price, so do not be surprised that the token is several times more expensive than SHIB.
Like many other decentralized exchanges, Shiba Swap allows to exchange tokens easily and use passive earnings tools. So users can quickly Bury (steak) a LEASH, as well as Dig it (provide liquidity).
When you add a LEASH to the staking pool, you get xLEASH tokens that display your share of the Pool. As a reward, the stakers receive 1% of all BONES per block and a portion of 0.05% of intra-exchange fees. It should be noted that part of the fees that go to reward the stakers includes all fees for the swap of tokens under the Shiba Swap, except for ETH, wBTC, DAI, USDT, and USDC. Remuneration is paid out once a week. However, it should be borne in mind that stakeholders can withdraw only 33% of the earned funds, while the remaining 67% remain on balance for the next six months.
When a user DIG LEASH, he becomes a liquidity provider in the LEASH-ETH Pool. Liquidity providers receive LEASH-ETH SSLP tokens, which display their share in the Pool and can be used in staking. In addition, liquidity providers receive BONE rewards, which depend on the allocation points of a particular pool. In addition to the BONES, providers also receive a portion of the fees from all transactions under the Shiba Swap, except ETH, DAI, and USDC. Furthermore, pool members are also rewarded with 0.1% of all wBTC and USDC transactions.
In the wake of the NFT boom, many crypto projects have released branded NFT collections in order to keep up with competitors and strengthen relationships with their communities. Actually, that’s what happened with Shiba Inu. The project team has released Shiboshis NFT — a collection of 10,000 unique Shiba Inu NFTs. The LEASH token plays one of the primary roles in Shiboshis NFT. So, on the first day after the launch of Shiboshis, it was possible to buy them only with the help of LEASH. The mint of Shiboshis NFTs took place in three stages, during which the price for the purchase of NFT increased. So at the first stage, 2,999 were mined, and they could be bought for 0.1 ETH. They were available only to LEASH holders. Buying Shiboshi opens up amazing benefits:
- access to a closed club;
- exclusive news about upcoming updates;
- direct communication with club members in Discord;
- additional privileges.
But the most exciting thing is that Shiboshi will become an integral part of the blockchain game.
Where to buy and store $LEASH?
Always be sure you're using reliable exchanges when buying crypto. SimpleSwap can be a really good example of how the crypto operation can be quick, easy to manage, and fun to process.
As for sending, storing, and receiving your $LEASH tokens, you’re lucky to use a SimpleHold wallet that is super friendly for beginners and is always to your services as an extension within your browser (Opera, Firefox, Chrome, and Brave) or a mobile app on iOS and Android.
LEASH is a unique meme token that differs from its fellows. The token perfectly complements the Shiba Inu ecosystem and gets more and more use cases as the project develops. As a result, stakeholders and LEASH liquidity providers receive lucrative rewards, which, along with a low token supply, can reach incredible proportions. With the activation of the roadmap and the provision of more LEASH use cases, the token has every chance to beat its update all-time high and secure a new price level.
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