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Summary of Doge Killer (LEASH)
Key Points
- Doge Killer (LEASH) is a token in the Shiba Inu (SHIB) ecosystem.
- LEASH has a total supply of 107,646 tokens, making it an outlier among dog coins.
- The token was originally intended to be a rebase token but was changed to a limited supply.
- LEASH has a high price, trading at around $1,400 at the time of writing.
- The team promises “lucrative rewards” to LEASH holders, but specifics are unknown.
- LEASH is an ERC-20 token on the Ethereum blockchain, ensuring its security.
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Introducing Doge Killer: The Revolutionary Force in the Cryptocurrency Realm
Introducing Doge Killer (LEASH): The Revolutionary Cryptocurrency
Doge Killer (LEASH) is a token within the Shiba Inu (SHIB) ecosystem, a platform that has garnered immense popularity, earning it the moniker “Dogecoin (DOGE) killer.” SHIB has emerged as the second-largest canine-inspired cryptocurrency in the digital asset space, aspiring to become the Ethereum (ETH)-based counterpart to Dogecoin’s Scrypt-based mining algorithm. In addition to LEASH, the Shiba universe also comprises Bone ShibaSwap (BONE), another dog-themed coin that can be traded on its native ShibaSwap decentralized exchange (DEX).
In 2021, the cryptocurrency landscape was inundated with a plethora of dog-themed coins, including LEASH, BONE, and SHIB, which collectively formed a veritable avalanche. This canine-inspired phenomenon also spawned other notable examples, such as Baby Dogecoin (BabyDoge), Drunkdoge (DRUNK), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM).
The Visionaries Behind Doge Killer: Unveiling the Founding Team
Shiba Inu (SHIB) was conceived in August 2020 by an enigmatic individual or collective operating under the pseudonym “Ryoshi.” As the mastermind behind the Shiba Inu ecosystem, Ryoshi is also credited with the creation of Doge Killer (LEASH), yet the true identity of the token’s creator(s) remains shrouded in mystery. In the whimsically titled “Woofpaper” – Shiba Inu’s whitepaper – Ryoshi articulates three compelling reasons for bringing Shiba Inu into existence:
“From a blank slate, we embarked on our journey, with nothing but an unwavering determination to succeed.”
“The visionary masterminds behind Shib had never converged their creative forces before, making their inaugural collaboration a truly unprecedented endeavour.”
“Our hearts belong to Shiba Inu Dogs.”
Notably, the remarkable success of Dogecoin (DOGE) likely served as a catalyst for this endeavor, with the founder(s) astutely recognizing the lucrative potential of creating another popular canine-themed cryptocurrency.
Unveiling the Unparalleled Attributes of Doge Killer
Doge Killer (LEASH) initially embarked on a rebase token trajectory, but the team opted for a drastic pivot, capping the total supply at a mere 107,646 tokens. This exceptionally low supply sets it apart from its dog coin counterparts, contributing to its lofty price point, which currently hovers around $1,400, down from a staggering all-time high of over $7,000 in May 2021. In stark contrast, dog-themed cryptocurrencies typically boast artificially inflated supplies, often in the billions or even quadrillions, in an effort to entice investors to buy in and drive the price to $1 or $0.01. LEASH, however, takes a refreshingly unconventional approach, rendering it a truly singular dog coin.
Notwithstanding the team’s promise of “lucrative rewards” for LEASH holders, the specifics of these incentives remain unclear. It is likely that the community will have a say in determining these benefits, given that Bone ShibaSwap (BONE) serves as the governance token for the Shiba Inu ecosystem and will facilitate voting on proposals within the forthcoming Doggy DAO.
What Is the Circulating Supply of Doge Killer (LEASH) Coins?
In stark contrast to Shiba Inu (SHIB), boasting a staggering total supply of one quadrillion, Doge Killer (LEASH) has a remarkably limited total supply of merely 107,646. Notably, Shiba Inu made headlines by burning 50% of its token supply to Vitalik Buterin, the esteemed co-founder of Ethereum. In response to this generous “gift” from the Shiba Inu team, Buterin redirected 50 trillion SHIB tokens, valued at $1 billion at the time, to India’s Covid Crypto Relief Fund. Subsequently, Buterin proceeded to burn 40% of the total supply to a dead wallet. Although this initially triggered a massive sell-off in the price of SHIB, the two communities ultimately struck a deal, and the price of SHIB and LEASH embarked on a consistent uptrend in September and October 2021.
Ensuring the Integrity of the Doge Killer Network: A Robust Security Framework
Doge Killer (LEASH) is an ERC-20 token, adhering to the token standard that has become the norm for newly issued tokens on the Ethereum (ETH) blockchain. As a stalwart in the crypto space, Ethereum remains the preferred platform for many decentralized application (DApp) creators. Notably, its blockchain has successfully undergone a significant transition from a proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS) during the landmark “Merge” event on September 15, 2022. A network of decentralized nodes validates all transactions and ensures the integrity of the Ethereum blockchain, solidifying its position as one of the most secure in the industry.
Notably, the entire token suite within the Shiba Inu (SHIB) ecosystem has undergone rigorous auditing by Certik, ensuring the highest standards of security and transparency.
Where to Acquire Doge Killer (LEASH): A Comprehensive Guide
The esteemed Doge Killer (LEASH) is now accessible on prominent platforms, including Uniswap (V2), Gate.io, and Shibaswap.
New to the world of cryptocurrency? Explore our comprehensive guide on entering the market and acquiring Doge Killer (LEASH) or any other token, available in the CoinMarketCap education portal — Alexandria.
Associated Resources:
Discover Dogecoin (DOGE), the esteemed “dog coin” boasting the largest market capitalization.
Discover Shiba Inu (SHIB), the self-proclaimed “Dogecoin killer,” a cryptocurrency that has been making waves in the digital asset space.
Delve into the fascinating realm of canine-inspired meme-coins that have taken the cryptocurrency world by storm.
Delve into our in-depth analysis to discover whether Doge Killer (LEASH) has the potential to surge to a staggering $10,000.
Stay ahead of the curve with the latest cryptocurrency news and expert trading insights, all in one place, on the CoinMarketCap blog.