Bittime - As the name suggests, Doge Killer (LEASH) seems to be challenging Dogecoin, the phenomenal meme coin with the image of a Shiba Inu dog. LEASH is part of the Shiba Inu ecosystem which also houses the SHIB and BONE coins.
The three are working together to create a dynamic crypto world, complete with decentralized exchanges (DEX), NFTs, and even a metaverse! Let's explore more deeply about Doge Killer (LEASH), starting from its history, function, to predictions for the future.
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What is Doge Killer (LEASH)?
LEASH was born in 2021, amidst the boom in dog-themed coin memes. The name "Doge Killer" refers to Dogecoin, the first meme coin to skyrocket. Dogecoin's popularity cannot be separated from the support of Elon Musk, the technology mogul.
Also read: What is BONK (BONK)? Meme Coin Phenomenon
Seeing the potential of Dogecoin, Ryoshi, the anonymous figure behind Shiba Inu, created LEASH. Initially, LEASH was planned to be a rebase token, namely a coin with an amount that could change according to demand. However, this plan was changed.
The Shiba Inu team decided to “unleash the potential” of LEASH by limiting the amount to just 107,646 tokens. Compare this with SHIB, which amounts to trillions! This scarcity makes the price of LEASH relatively high, around $1,500 as of February 2022.
What are the functions of Doge Killer?
LEASH actually doesn't have a clear list of functions. But, based on existing information, here are some uses:
- Staking on ShibaSwap: LEASH can be staked on ShibaSwap, Shiba Inu's DEX, to earn profits.
- Doggy DAO: LEASH will allegedly play a role in Doggy DAO, a blockchain-based organization that allows the Shiba Inu community to participate in ecosystem management.
- Purchasing Shiboshi NFTs: LEASH can be used to buy Shiboshi NFTs, a Shiba Inu-themed digital collection that has skyrocketed the price of LEASH.
- Purchasing Land in Shiberse: LEASH can reportedly be used to buy land in Shiberse, the metaverse created by Shiba Inu.
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Compared to other meme coins, Shiba Inu has a very active community and continues to develop its ecosystem. This raises hopes that LEASH will have new functions in the future.
Also read: Can Shiba Inu Become the Biggest Meme Coin in 2024? These are the Factors!
Who is Behind the Doge Killer?
Just like SHIB, the figure behind LEASH is still mysterious. Ryoshi, the founder of Shiba Inu, hides his identity. He calls Shiba Inu "an experiment in building a decentralized, spontaneous community."
Ryoshi's strategy seems to be working. Shiba Inu now has a large community, a decentralized developer team, and artists who frequently hold contests.
The Future of Doge Killer (LEASH)
As decentralized cryptocurrencies, Shiba Inu and Doge Killer do not have a definite roadmap. However, the Shiba Inu team sometimes provides information via Twitter.
Here are some plans that will be implemented:
Doggy DAO Launch
In 2022, the platform plans to launch Doggy DAO, a structure that allows the Shiba Inu community to take part in decisions. It is not yet known whether LEASH will play a role here, but BONE, Shiba Inu's third asset, will be used to vote on protocol updates.
Shibarium Launch
This Layer-2 scaling solution will make SHIB and LEASH transactions cheaper and avoid Ethereum's high fees.
ShibaSwap 2.0 Launch
The newest version of the Shiba Inu decentralized exchange is coming soon.
Shiberse Launch
The Shiba Inu metaverse is planned to be launched in 2022. LEASH owners will reportedly get priority to buy land in Shiberse. This news caused the price of LEASH to jump 105%.
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Conclusion
Doge Killer is a token in the Shiba Inu ecosystem with a limited number. This scarcity helps maintain the price of LEASH. LEASH has several functions in the SHIB ecosystem, such as staking, purchasing NFTs and land in the metaverse, as well as a potential role in Doggy DAO.
LEASH price predictions are still confusing, but the price movement is quite stable. Keep monitoring the development of Doge Killer to see its new functions and potential price increases in the future.
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You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Shiba Inu (SHIB): What is it, How Does It Work, and Why is it Popular?
Shibarium Hard Fork: What Is It and Why Is It Important To The Shiba Inu Ecosystem?
How to Stake Shiba Inu (SHIB) Easily and Completely Guide
The Future of Shiba Inu (SHIB): Will It Soar High or Remain Sluggish?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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