Doge Killer (LEASH) news

What is Doge Killer (LEASH)?

Doge Killer (LEASH) is a token in the Shiba Inu (SHIB) ecosystem. It's part of a group of dog-themed coins that have surged in popularity this year, including the likes of BONE, Baby Dogecoin (BabyDoge), Drunkdoge (DRUNK), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). SHIB has gained a reputation as the "Dogecoin (DOGE) killer" due to its massive following and its aim to be the ETH-based counterpart to DOGE's Scrypt-based mining algorithm. You can even trade BONE on the ShibaSwap decentralized exchange (DEX).

Who are the Founders of Doge Killer?

SHIB is a popular cryptocurrency that was created in August 2020 by an anonymous individual or group known as "Ryoshi". Ryoshi is also responsible for Doge Killer (LEASH), and very little is known about the creator(s) of these tokens. In the "Woofpaper," the whitepaper for Shiba Inu, Ryoshi outlines three reasons for creating the token: "We started from zero, with zero," "The brilliant minds behind Shib had never collaborated before," and "We love Shiba Inu Dogs." Despite this, it is likely that the success of Dogecoin played a role in inspiring the creation of SHIB and other dog-themed cryptocurrencies. Additionally, BONE can now be traded on the ShibaSwap DEX.

What makes Doge Killer Unique?

It's interesting to note that Doge Killer (LEASH) was initially planned as a rebase token, but the team changed course and decided to limit the total supply to just 107,565 tokens. This makes LEASH stand out among dog-themed cryptocurrencies, and it may also explain its high price. At the moment, LEASH is trading at around $1,400, down from its all-time high of over $7,000 in May 2021. It's refreshing to see a dog coin take a different approach to supply, which is usually artificially high to entice investors to buy and pump the price. While the team promises "lucrative rewards" to LEASH holders, it remains unclear what these rewards will be. It'll be up to the community to decide, as BONE ShibaSwap is the governance token of the Shiba Inu ecosystem and will be used for voting in proposals in the future Doggy DAO.

How is the Doge Killer Network Secured?

LEASH, which is part of the Shiba Inu ecosystem, is an ERC-20 token issued on the Ethereum blockchain. Ethereum is a well-established blockchain that many decentralized application creators use, and it recently transitioned from proof-of-work to proof-of-stake consensus mechanism. This makes it one of the safest blockchains in the industry. Furthermore, all tokens in the Shiba Inu ecosystem have been audited by Certik for added security.

Conclusion

To sum it up, it is worth noting that Doge Killer is a digital currency that intends to contest the reputation of Dogecoin by resolving its weaknesses and providing cutting-edge functionalities. Doge Killer's focus on confidential transactions, scalability, and community-based management has made it an exciting contender in the cryptocurrency sector. Nonetheless, it is advisable for investors to be careful and conduct extensive investigations before getting involved with any digital currency.