Shiba Inu Ecosystem Token LEASH Scores New Listing
Instant custody-free cryptocurrency exchange StealthEX has listed Doge Killer popularly known by its ticker LEASH, on its mobile trading app.
The exchange confirmed in a tweet that members of the SHIB Army can now access LEASH on StealthEX Mobile App. Markedly, LEASH is a unique token reserved for loyal supporters of the Shiba Inu ecosystem.
LEASH for Shibaverse
Unlike other Shiba Inu-related tokens, LEASH’s utility is closely tied to Shibaverse, the Shiba Inu metaverse.
As such, a buzz or decline around the metaverse would impact the growth of the token. Holders of LEASH receive the exclusive right to claim land in the project’s future metaverse. A user can secure as many as 200 plots of land by locking only 5 LEASH in the LEASH Locker at SHIB.io for 90 days.
Formerly, the crypto was used to monitor Dogecoin (DOGE) price as a rebase token and this was where it got the name: Doge Killer. In the long run, SHIB developers converted LEASH to an ERC-20 token hosted on the Ethereum blockchain. To further establish its rarity, it would interest you to know that there are only 107,646 LEASH tokens and only about 29,000 individuals hold the crypto in their wallets.
Doge Killer is Still a Favorite
So far, LEASH has a low market capitalization that makes it difficult for the token to scale up. Compared to the market cap of other Shiba Inu ecosystem tokens like SHIB and BONE, LEASH market cap is too low. As of February, the market cap of LEASH was only $74,786,048, and it was ranked No. 2714 on CoinMarketCap.
Nonetheless, the Doge Killer remains a favourite token amongst investors. It is even rumoured that it may become more significant than SHIB itself in the long run especially as it serves as a portal to the SHIB ecosystem’s metaverse. Noteworthy, LEASH plays a vital role in realizing Shiba Inu’s ambition to grow into a significant Web 3.0 initiative that can help millions of community members.
At the time of this writing, LEASH was trading at $507.28, up by 4.27% increase in the last 24 hours which may have been triggered by its listing on StealthEX.
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