What is LEASH digital currency? Dodge Killer digital currency, which is a type of Bitcoin, is represented by the abbreviation LEASH. LEASH is the utility token of the Shiba Ino network, as well as the second project of the Shiba Swap decentralized exchange. To learn more about the LEASH token and the benefits and functions of this token, stay with us on Pooyan Music site.
In fact, the Shiba Inno project created the LEASH token as a utility and support token, but over time it changed its use to strengthen the range of its ecosystem. Shiba network has three tokens LEASH, SHIB and BONE. The supply of the Dodge Killer token is 107,647 tokens that were listed on the Ethereum blockchain. The LEASH token was released to the market at the price of 562 USD through the UniSwap exchange.
LEASH is the native token of Shiba Swap. When Shiba Ino succeeded, the Shiba network created two tokens, LEASH and BONE, in its ecosystem. Currently, all three tokens are circulating in the Shiba network. At first, the Shiba ecosystem created the LEASH token for recovery. This token can be considered as a stablecoin but is not dependent on fiat currencies in terms of value.
LEASH is the second token of the Shiba Ino network, which is higher in value than the SHIB token. In the Shiba ecosystem, each token performs its own tasks. Normally, the increase in SHIB token price has a direct impact on LEASH and BONE tokens. The LEASH token was originally a backup token whose price was linked to Dogecoin. But over time, it was decided that this token will continue its path as an ERC-20 token.
One of the unique features of the LEASH token is its total supply. Because there are only 107,647 tokens minted, it has a huge impact on its price. Those who have this token can put it in the LEASH share pool and get XLEASH token based on it, which is a share of the staking pool.
BONE and SHIB token act as support pillar for LEASH token. Because the very wide following of these two tokens leads to the stability and in most cases the increase in the value of the LEASH token.
Shiba Swap will soon create SHIBOSHI NFTS. In the first twenty-four hours of the game, Shiboshi NFTs can only be purchased with LEASH tokens. It is possible that the trading volume of this token will lead to an increase in its price.
One of the main advantages of LEASH token is its limited supply. This makes LEASH’s supply unique against inflation risk. This limited supply leads to increased demand.
One of the important goals of this token is to create incentives for liquidity providers. For example, when you buy this token or exchange it with other tokens or keep it in a staking form, you will receive a reward in return. This reward is in the form of XLEASH tokens, and since you have these tokens, you will be part of the XLEASH liquidity pool.
This token does not solve a specific problem in crypto. LEASH token is still a cryptocurrency and investing in it carries a high risk.