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LEASH is a promising token for dog coin enthusiasts and investors who want to support the Shiba Inu ecosystem.
Doge Killer (LEASH) is a cryptocurrency that is part of the Shiba Inu (SHIB) project, which is often called the “Dogecoin (DOGE) killer” because of its huge popularity. SHIB is the second most famous dog-themed coin in the crypto world and aims to be the Ethereum (ETH)–based alternative to Dogecoin’s Scrypt-based mining algorithm.
There is also another dog coin in the Shiba universe, called Bone ShibaSwap (BONE), which can be traded on its own ShibaSwap decentralized exchange (DEX).
LEASH, BONE and SHIB are all part of the wave of dog coins that swept the crypto space in 2021. Some other examples of dog-related coins are Baby Dogecoin (BabyDoge), Drunkdoge (DRUNK), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM).
Shiba Inu (SHIB) was created in August 2020 by an anonymous person or group using the name “Ryoshi.” Ryoshi is also the creator of Doge Killer (LEASH), and there is almost no information about who they are. In Shiba Inu’s whitepaper – which is playfully called the “Woofpaper” – Ryoshi gives three reasons for creating Shiba Inu:
“We started from zero, with zero.”
“The brilliant minds behind Shib had never collaborated before.”
“We love Shiba Inu Dogs.”
However, it is reasonable to assume that the amazing success of Dogecoin (DOGE) also motivated the project and that the creator(s) saw the profitable potential of creating another popular dog coin.
Circulation Supply of Lease Cryptocurrency
Unlike Shiba Inu, which has a total supply of one quadrillion, LEASH crypto has a very lowly total supply of only 107,646. Shiba Inu famously burned 50% of its token supply to Vitalik Buterin, the co-founder of Ethereum.
In reaction to this “gift” from the Shiba Inu team, Buterin sent 50 trillion SHIB tokens worth $1 Billion at the moment to India’s Covid Crypto Relief Fund. Buterin then burned 40% of the total supply to a dead wallet.
Although this initially caused a big drop in the price of SHIB, the two communities managed to make a deal with the price of SHIB and LEASH rising in September and October 2021.
Doge Killer (LEASH) is an ERC-20 token, which is the token standard that most new tokens use if issued on the Ethereum (ETH) blockchain. Ethereum is a leader in the crypto space and remains the preferred solution for many decentralized application (DApp) creators.
Its blockchain successfully switched from a proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS) during the “Merge” on September 15, 2022. A network of decentralized nodes verifies all transactions and secures the Ethereum blockchain, ensuring it is one of the safest in the industry.
Use Cases LEASH Cryptocurrency
The project team doesn’t provide a clear list of LEASH use cases for Shiba Inu newcomers, but as per some publicly known facts:
First, you can buy LEASH on the ShibaSwap decentralized exchange and stake it there to earn rewards.
Doge Killer is supposed to play a certain role in Doggy DAO — the blockchain-based governance body that will make Shiba Inu closer to the community and allow it to manage the ecosystem.
One of the events that boosted LEASH was the Shiboshi NFT sale in October 2021. Users could buy some of the 10,000 collectibles with Doge Killer.
One more LEASH use case applies to buying land in Shiberse — the SHIB metaverse that we will briefly review later.
It’s worth mentioning that, compared to many dog-related meme coins, Shiba Inu has a large community, and the project is frequently adding new features to the ecosystem.
Where Can You Buy Doge Killer?
Doge Killer is not as popular as Shiba Inu, and the community is currently promoting the token so that it’s accepted by centralized exchanges. However, ChangeNOW has already done this for you. Visit our website or mobile app and buy LEASH with 350+ cryptocurrencies without registration and KYC. There are no hidden fees, and the average swap time is 5 minutes.
What Makes it LEASH Different From Other Cryptos?
Doge Killer (LEASH) was originally meant to be a rebase token but then the team decided to change course and limit the total supply to only 107,646 tokens. This extremely low supply makes it a standout among dog coins and also helps explain its high price, with LEASH trading at around $1,400 at the time of writing, down from a remarkable all-time high of over $7,000 in May 2021.
Usually, dog-themed cryptocurrencies have an artificially high supply – in the billions or even quadrillions – with which they try to encourage investors to buy the token and pump the price to one dollar or one cent. LEASH takes a refreshingly different approach, making it a truly unique dog coin.
Although the team promises “lucrative rewards” to LEASH holders, it does not specify what these will be. This will potentially be up to the community to decide, as Bone ShibaSwap (BONE) is the governance token of the Shiba Inu ecosystem and will be used for voting in proposals in the upcoming Doggy DAO.
Conclusion
Doge Killer (LEASH) is a cryptocurrency that belongs to the Shiba Inu (SHIB) project, which aims to rival Dogecoin (DOGE) as the most popular dog-themed coin. LEASH has a very low supply of only 107,646 tokens, which makes it rare and valuable among dog coins. LEASH can be used for staking, buying NFTs, and acquiring land in the SHIB metaverse. The ERC-20 token is promising for dog coin enthusiasts and investors who want to support the Shiba Inu ecosystem.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
