Is LEASH in for a treat this week? Here's when a new utility will be revealed.
The Shiba Inu (SHIB) ecosystem is known for its passionate community, explosive nature, as well as meme culture.
Recently, the lead developer – Shytoshi Kusama – teased that there’s an upcoming announcement for holders of the ecosystem’s LEASH token.
What is LEASH Coin?
LEASH is also commonly referred to as the Doge Killer, and it’s one of the three cryptocurrencies that comprise the ecosystem of Shiba Inu – the other two being SHIB and BONE.
The LEASH coin was originally set to be a rebasing cryptocurrency pegged to the price of its verbal nemesis – Dogecoin. However, later on, a decision has been taken for it not to rebase.
It has a total maximum cap of a little over 100K tokens, and it has very much the opposite appeal to SHIB. Exclusivity is the name of the game when it comes to LEASH holders. This is perhaps the reason why the cryptocurrency holds a much higher price per token, currently trading at around $567 per CoinGecko.
LEASH price chart. Source: CoinGecko
Announcement Due This Week: Will Shiba Inu’s LEASH Explode?
Shared recently on Discord was an announcement from the lead developer of the Shiba Inu ecosystem – Shytoshi Kusama. It reads:
Dear LEASH Holders,
As you know, EXCLUSIVITY is the key utility of Leash and I have an exclusive exclusive for you all TUESDAY 1 PM EST.
Then on Wednesday, a new utility for Leash will be unveiled.
The overall community’s response to the announcement has been somewhat mixed. While many users are eager and excited about it, a lot of others have been prompting the lead developer and his team to uphold some of their other roadmap updates, such as the Shibarium layer-2 solution.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
