On Tuesday (15 August 2023), one of the world’s largest and most popular crypto exchanges announced support for Shiba Inu’s LEASH token.
The Shiba Inu cryptocurrency project, rooted in the popular Shiba Inu dog meme, presents itself as a rival to Dogecoin and runs on the Ethereum blockchain. The Shiba Inu (SHIB) ecosystem comprises three unique tokens, each serving a particular purpose within the project.
SHIB, as the main token, acts as a decentralized, community-driven currency that is accessible to millions of users around the world. Having launched on the Ethereum blockchain in late 2020, SHIB has since gained global attention and can be used for payment at various locations, either directly or through intermediary services.
BONE serves as the governance token in the ecosystem, with a total supply of 250 million. BONE enables the Shib Army to participate in decision-making by voting on proposals through the Doggy DAO. Additionally, BONE establishes the groundwork for Shibarium, Shiba Inu’s own Layer 2 network.
The third token, LEASH, has a limited supply of 107,646 and offers exclusive benefits to dedicated supporters of the ecosystem. LEASH holders have experienced advantages such as increased BONE rewards for providing liquidity to ShibaSwap, exclusive rights to mint Shiboshi NFTs, and priority access to land sales within the “SHIB: The Metaverse project.”
Earlier today, Crypto.com officially added Doge Killer (LEASH) to its roster of tradable assets. This inclusion of LEASH opens up trading opportunities for the platform’s expansive user base of over 50 million, specifically for the LEASH/USDT trading pair.
This announcement from Crypto.com follows closely on the heels of LEASH’s recent listing on the crypto exchange StealthEx.
The spotlight on LEASH has been intensifying, especially after Shytoshi Kusama, a prominent figure in the Shiba Inu community, teased a forthcoming revelation about a new utility for LEASH, scheduled for August 16. This new utility is expected to solidify LEASH’s integral role within the broader Shiba Inu ecosystem.
Crypto.com’s decision to list LEASH further cements its position as one of the elite exchanges that fully support the SHIB Trifecta, which encompasses Shiba Inu (SHIB), Bone ShibaSwap (BONE), and LEASH.
Shytoshi Kusama, recognized as the lead developer of SHIB, expressed his enthusiasm for this significant milestone on Twitter. He commended Crypto.com for its platform design and encouraged the exchange to maintain its high standards.
At the time of writing, LEASH is trading at around $553.40.