It is a part of the Shiba Inu Ecosystem which was created in the first seat to eliminate the market capitalization that the DOGE token has. Let us learn more about this LEASH nominal.
What is the LEASH Coin ?
first, let us understand the fib from the begin. In August 2020, SHIB, a cryptocurrency token like many others in the market, was introduced as a target rival to DOGE, which had become fairly popular at that time .
SHIB became quite popular and with that, they launched their own cryptocurrency exchange ( ShibaSWAP ) with three native tokens – SHIB, LEASH and BONE. so, users can perform activities ( like trade, swap etc ) with these three tokens on the rally .
ShibaSwap besides became popular because of the chasteness it offered to its users. They could trade, swap, stake and connect to decentralised wallets such as Metamask which further facilitated the leverage of NFTs etc .
The LEASH coin is a rebase mint, which in early words is kind of a stablecoin but its price is linked to a cryptocurrency rather than the decree currency .
LEASH was initially launched to peg its value to DOGE but then it was unleash and now its an independent token and the community is in the action of realising its full potential .
There are huge rewards for holders of LEASH on ShibaSwap as they contribute towards its liquidity .
What is a LEASH Doge Killer ?
The LEASH token is an built-in separate of the SHIBA Inu Ecosystem. Due to the enormous popularity of the keepsake, it gained the name as DOGE Killer .
To recall, DOGE is based on Script, and SHIB wants to be its counterpart but based on Ethereum, and SHIB is besides the second largest crypto-coin inspired by a canine ( the foremost one being DOGE, of naturally ) .
LEASH, BONE and SHIB are all a function of this canine-inspired cryptocurrency system, and they are aboard others that are not more normally known such as – BabyDoge, LAS, JIND, DRUNK etc .
The Doge Killer is besides known as a maximal circulate supply of 100,000 tokens. At the time of writing, the price of 1 LEASH nominal is $ 1429.18 and it is having a market capital in upwards of $ 154M. It is being traded on 20+ active trade markets and more than $ 20M worth of tokens is traded every 24 hours .
Also Read: Will Shiba Inu Coin Reach $ 100 ?
What is LEASH for Shiba ?
The cardinal purpose of the LEASH nominal ( after it was de-leashed ) is to provide bonus to liquidity providers .
For exemplar, when you buy collar tokens ( that is swap them with the early tokens ), or bury them or stake them, you receive xLEASH tokens. Having these tokens makes you a part of the xLEASH liquidity pools.
When you are a penis of the pool, you receive 0.5 % of BONE tokens added to the blockchain. To recall, BONE is besides part of the Shiba Inu Ecosystem .
note that for the fluidity providers, the rewards are not only in the form of LEASH but besides in SHIB and BONE therefore adding relevance and use encase to everyone of them .
besides, if you provide liquidity to the LEASH tokens, you will besides receive a share of the LEASH/ETH ShibaSwap Liquidity Pool .
What is the Purpose of LEASH Coin ?
The LEASH mint is built on the ERC-20 nominal ecosystem and contributes significantly to the Shiba Inu Ecosystem. The goal is to support this ecosystem by diverting the funds earned through these tokens to enhancing the ecosystem of Shiba Inu .
besides, LEASH provides more value to investments because the token supply is just 100,000 ( compared to billions for DOGE and SHIB ), consequently the value is normally in thousands of dollars .
Another function of LEASH is that it is a good pathway to DeFI investments ( by connecting to Metamask ). It adds more diversity to the crypto space and besides enables you in the future, to buy and sell NFTs .
Where to Buy SHIBA LEASH ?
LEASH is purchased through the SHIBASWAP central. But SHIBA LEASH can besides be purchased on Uniswap and early CEXs. But it is always recommended to buy from DEX because it supports the stallion functionality of all related tokens and besides you get the incentives .
Also Read: Is Shiba Inu Coin a good investment ?
How to Buy Shiba Leash ?
Steps to Buy Shiba Leash:
dance step 1 : Create Metamask Wallet
You can create it either through the Metamask app or the browser extension on your background. The sign-up process is simple and straightforward like any early cryptocurrency platform .
On Metamask wallet, you will receive LEASH, and from there you can sell LEASH a well .
step 2 : transfer ETH to Metamask Wallet
Metamask allows you to purchase ETH directly or you can transfer it to the wallet if you already have ETH stored in exchanges such as Binance, Coinbase etc .
While transferring ETH, ensure to use ERC-20 Network ( because LEASH is built on ERC-20 )
step 3 : plug in ShibaSwap to Metamask
On the Shibaswap change ( after you have created your history that is ), click on ‘ connect to a wallet ’ and choose Metamask .
footprint 4 : trade ETH for LEASH
a soon as the ETH is made available on Shibaswap, you can swap it for LEASH tokens ( or even the other tokens of the Shiba Inu Ecosystem ). once you have got the LEASH, the same will reflect on the Metamask wallet .
conclusion
This is everything you needed to know about LEASH. Read more about the token, the ecosystem and its related whitepaper here – hypertext transfer protocol : //shibatoken.com/. Do take into consideration the risks associated with putting money on LEASH, it is extremely volatile like any other cryptocurrency token .
