LEASH

Overview of Doge Killer(LEASH)

Doge Killer (LEASH) is a specific type of cryptocurrency that falls under the umbrella of Shiba Inu tokens. It was originally set to be a rebase token pegged to Dogecoin, but later the decision was made against rebase. As a result, it has a unique financial dynamic. The total supply of LEASH tokens is significantly limited to just 107,647 tokens, suggesting an opposite approach to its sibling token SHIB, which has a maximum supply of one quadrillion.

LEASH tokens are primarily used in the ShibaSwap platform which is a decentralized exchange. LEASH, along with SHIB and BONE, compose the ecosystem of Shiba Inu tokens that directly contribute to the functionality and efficiency of the ShibaSwap platform.

Pros and Cons

What Makes Doge Killer(LEASH) Unique？

Doge Killer (LEASH) is distinct in a few key ways when compared to many other cryptocurrencies.

Firstly, contrary to its name, it is not a direct competitor of Dogecoin or intent to “kill” Dogecoin. Instead, it was originally intended to operate as a rebase token, which is a type of elastic supply cryptocurrency that adjusts its supply periodically, it was meant to be pegged to Dogecoin. However, the rebase function was later removed and it abandoned its pegging, making it a unique token within the crypto space.

Secondly, within the SHIBA INU's ecosystem which includes SHIB token and the ShibaSwap exchange platform, LEASH embraces an opposite approach to its sibling token, SHIB, when it comes to supply management. It has a considerably restricted maximum supply, with only 107,647 tokens being available. This is a sharp contrast to many other cryptocurrencies, including SHIB, which often have a considerably larger maximum supply. This limited supply creates the potential for high rewards if demand increases.

Finally, the ecosystem it operates in is also a unique feature. Leash, along with SHIB and BONE, forms a tri-token system within the ShibaSwap platform. This system is built to fulfill different roles within the ShibaSwap platform, creating a level of interaction and interdependence among the three tokens, which is not a typical characteristic of many standalone cryptocurrencies.

How Does Doge Killer(LEASH) Work？

Doge Killer (LEASH) operates within the ecosystem of Shiba Inu tokens, including SHIB and BONE, and is an integral part of the ShibaSwap platform. ShibaSwap is a decentralized exchange (DEX) where these tokens can be traded, staked or used in liquidity pools to earn returns.

Originally, LEASH was designed to be a rebase token, which means its supply was intended to be elastic, and the quantity of tokens would automatically expand or contract in response to market conditions. The goal of this mechanism was to stabilize the purchasing power of the token by pegging it to Dogecoin. However, the developers decided to remove the rebase feature and LEASH no longer operates on this principle. Instead, it maintains a fixed supply of just 107,647 tokens, making it deflationary in nature.

In terms of functionality within the ecosystem, LEASH, along with SHIB and BONE, creates an interdependent system within the ShibaSwap platform. Users can stake their LEASH tokens on the platform to earn rewards over time. Staking involves users locking their tokens in a smart contract for a period of time. During this time, the staked tokens help to maintain the security and efficiency of the platform, and in return, stakers earn rewards.

Exchanges to Buy Doge Killer(LEASH)

Doge Killer (LEASH) can be purchased on several exchanges. Here are details of five of them:

1. ShibaSwap: This is the official decentralized exchange for the Shiba Inu tokens (SHIB, LEASH, BONE). Here, users can swap one type of token for another based on the available liquidity.

2. Uniswap: Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. It lists LEASH among its token pairs, just ensure your wallet is connected to make a trade.

3. Sushiswap: SushiSwap is a decentralized exchange (DEX) where cryptocurrencies are traded. Being a DEX means it's run by smart contracts on the Ethereum blockchain; traders interact with these contracts directly.

How to Store Doge Killer(LEASH)？

Storing LEASH, like other cryptocurrencies, requires a digital wallet that supports ERC-20 tokens, as LEASH is built on the Ethereum blockchain. These wallets can be divided into three primary categories: software wallets, hardware wallets, and online wallets.

Software Wallets: These wallets are applications that can be installed on a device such as a computer or smartphone. They are convenient and often user-friendly, offering easy access to your digital assets. For storing LEASH, two commonly used software wallets are:

1. Metamask: This is a software wallet that can be installed as a browser extension (on Chrome, Firefox, or Brave) or a mobile app. It's widely used and known for its user-friendly interface.

2. Trust Wallet: This is primarily a mobile applicatio. It supports a wide range of digital tokens including LEASH.

Hardware Wallets: These wallets are physical devices that can be used to store digital assets offline, making them secure against online threats. Well-known hardware wallets that support ERC-20 tokens include the Ledger series and Trezor.

Online Wallets: Online wallets or web wallets are wallets that are accessible via a web browser. These wallets are often provided by cryptocurrency exchanges. They offer convenience but are less secure than hardware or software wallets as they rely on a third party for security.

Should You Buy Doge Killer(LEASH)？

Investing in Doge Killer (LEASH), like investing in any other type of cryptocurrency, is ultimately a decision that depends on an individual's unique financial situation, risk tolerance, and understanding of the cryptocurrency market.

That being said, potential investors in LEASH might include:

1. Experienced Cryptocurrency Traders: Given its high volatility and relative newness, LEASH might be suitable for individuals who have substantial experience in trading cryptocurrencies and a deep understanding of the market.

2. Long-term Shiba Inu Project Supporters: If an individual feels positive about the long-term prospects of the Shiba Inu project, they might consider investing in LEASH given its integral role within the ShibaSwap platform.

3. Risk-Tolerant Investors: Given the possible high reward due to limited supply, individuals who are willing to take on a potentially higher level of risk for a larger possible return might be suitable buyers of LEASH.

FAQs

Q: What is the total and circulating supply of LEASH tokens？

A: The total supply is 107,646 tokens and the circulating supply is approximately 96,764 tokens.

Q: How is LEASH minted and what is the minting rate？

A: LEASH is minted when users provide liquidity to the LEASH/ETH pool on Uniswap and the minting rate adjusts based on usage of the pool.

Q: What is the relationship between LEASH, Dogecoin, and Shiba Inu？

A: LEASH was launched by Shiba Inu developers as part of the Shiba Inu ecosystem along with SHIB and BONE to complement Dogecoin.

Q: How do I store my LEASH tokens safely and securely？

A: LEASH can be stored in any ERC-20 compatible wallet like MetaMask, Coinbase Wallet, or Ledger hardware wallets for security.

Q: Can I stake my LEASH tokens and if so what is the process？

A: Yes, LEASH can be staked on ShibaSwap to earn BONE token rewards by burying it there.