Shiba Inu’s LEASH Token Now Supported by Crypto.com
On August 15, 2023, Crypto.com announced its support for Shiba Inu’s LEASH token, making it available for trading on its platform. This is a significant development for the Shiba Inu cryptocurrency project, which aims to rival Dogecoin and operates on the Ethereum blockchain. The Shiba Inu ecosystem consists of three tokens: SHIB, BONE, and LEASH, each serving a specific purpose.
Main Breakdowns:
- SHIB is the main token, functioning as a decentralized currency accessible to millions of users globally. It has gained attention since its launch in late 2020 and can be used for payment.
- BONE is the governance token, allowing Shib Army members to participate in decision-making through the Doggy DAO. It also establishes the foundation for Shibarium, Shiba Inu’s own Layer 2 network.
- LEASH has a limited supply and offers exclusive benefits to dedicated supporters, including increased BONE rewards, rights to mint Shiboshi NFTs, and priority access to land sales within the “SHIB: The Metaverse project.”
Crypto.com’s decision to list LEASH provides trading opportunities for its 50 million users, solidifying its support for the SHIB Trifecta. LEASH’s recent listing on StealthEx and an upcoming utility announcement by Shytoshi Kusama further intensify the spotlight on LEASH within the Shiba Inu ecosystem. LEASH is currently trading at approximately $553.40.
Hot Take:
The addition of Shiba Inu’s LEASH token to Crypto.com’s roster of tradable assets demonstrates the growing prominence and recognition of the Shiba Inu project. With its dedicated community and unique features, Shiba Inu is establishing itself as a significant player in the cryptocurrency market.
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