Doge Killer (LEASH) token is one of the cryptocurrencies in the Shiba Inu (SHIB) ecosystem. For detailed information about the SHIB token, you can browse the relevant content on our site. Operating as a decentralized cryptocurrency ecosystem, the Shiba Inu ecosystem includes various cryptocurrencies similar to the LEASH token. Throughout this content, we will talk about the Shiba Inu platform and what this platform brings to the cryptocurrency ecosystem. We will also include some interesting information about LEASH tokens, one of the cryptocurrencies in this ecosystem.
Doge Killer (LEASH) token is a cryptocurrency in the Shiba Inu (SHIB) ecosystem. Due to its recent popularity, the Shiba Inu is commonly referred to as the “Dogecoin (DOGE) killer” by users. SHIB has become the second largest cryptocurrency operating in the crypto space, inspired by dogs. In addition, the LEASH token aims to be the Ethereum (ETH)-based counterpart of Dogecoin’s Scrypt-based mining algorithm.
Besides LEASH, there are other cryptocurrencies that are part of the Shiba universe. Another cryptocurrency that can be traded on the ShibaSwap decentralized exchange platform in the Shiba Inu ecosystem is known as BONE.
Today, in this article, we will talk more about LEASH tokens. LEASH, BONE and SHIB are among the projects that will take the cryptocurrency market by storm in 2022. Users have shown great interest in these crypto assets from the moment they first appeared. We see that “dog”-themed crypto money projects have become common in the market. Other examples of dog-themed cryptocurrencies include Baby Dogecoin (BabyDoge), Drunkdoge (DRUNK), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM).
When Was Doge Killer (LEASH) Token Released?
The Shiba Inu (SHIB) was created in August 2020 by an anonymous person or group using the nickname “Ryoshi”. As part of the Shiba Inu ecosystem, Ryoshi also developed Doge Killer (LEASH) tokens. There is still almost no information about the identity of the creator or creators of LEASH tokens.
We see that the introductory text containing the technical information of Shiba Inu is in a structure that fits the image of the project. Normally, these files are called whitepapers. Inspired by dogs, Shiba named its introductory document “woofpaper”. It can be said that this situation is a remarkable element. Ryoshi cites the following three things as the reason for starting the Shiba Inu:
However, it would be fair to say that the stunning success of Dogecoin (DOGE) inspired this effort. It would also be fair to assume that the LEASH token founder(s) recognized the lucrative potential of creating another popular dog coin.
How the Doge Killer (LEASH) Icon Works
The Doge Killer (LEASH) token was originally designed as a rebase token. However, later the team decided to change tactics and limit the total supply to just 107,646 coins. This extremely low supply makes it an outlier among dog coins. This low supply allowed the LEASH token to break the all-time record as of December 2021.
This is how we can explain the high price of LEASH tokens by looking at low-priced cryptocurrencies like the Shiba Inu (SHIB) token. In general, there is a high supply of dog-themed cryptocurrency projects. So much so that the supply of these cryptocurrencies reaches billions or even quadrillions. The LEASH token takes a refreshingly different approach. In this way, this cryptocurrency has a different and unusual structure. Located in a decentralized ecosystem, LEASH tokens offer certain rewards to their users. We also see that the Shiba Inu platform has signed some partnerships.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.