What is DOGE Killer? Read This Complete Explanation!

Bittime - Doge Killer (LEASH) is a token that resides in the Shiba Inu ecosystem, a very popular meme cryptocurrency that is second only to Dogecoin. Together with SHIB and BONE tokens, LEASH supports a thriving economy with decentralized exchanges, NFTs, and even the metaverse.

What Is a Doge Killer (LEASH)?

Doge Killer is part of a large group of dog-themed meme cryptocurrencies that have become very popular in 2021. The name of the token refers to Dogecoin, one of the first meme coins that was created just for fun, but reached unprecedented heights in terms of market capitalization and media coverage. 

DOGE has an active community that discusses crypto, creates memes, donates to charity, and promotes the token. 

Elon Musk's promotion for Doge

Dogecoin was promoted by Elon Musk, so the coin became famous outside the crypto world.

Elon not only tweets about Dogecoin, but also about his Shiba Inu dog and a puppy named Floki. 

Given the crypto community's love of memes and the ease of launching smart contracts, Elon's activity sparked the emergence of a whole "dog family" of tokens on the Ethereum blockchain.

Shiba Inu also appears as an interesting meme coin

The most successful token is Shiba Inu, a meme coin that even surpassed Dogecoin in terms of market capitalization in November 2021. SHIB was launched in 2020 (before the dog trend) and has built a strong community and a number of uses since then. 

The Shiba Inu ecosystem consists of three tokens: SHIB, BONE, and Doge Killer (LEASH).

Doge Killer in the Shiba Inu Ecosystem

The creator of Doge Killer (LEASH) is Ryoshi, the same developer who founded SHIB. Doge Killer was initially introduced as a rebase token — a cryptocurrency with a flexible supply that could control its price based on demand. Users holding these kinds of tokens sometimes see the number of coins they hold in their wallets change, but their overall value remains the same. Here's how some algorithmic stablecoins work.

However, this plan was abandoned as the team decided to "unleash the potential" of Doge Killer. The supply of this token was reduced to just 107,646 coins, which is very little — compared to the supply of SHIB which is measured in quadrillions. 

This sets up a high Doge Killer (LEASH) price — around $1,500 in mid-February 2022. The advantage of this rare model is that when interest in the token increases, the price of Doge Killer (LEASH) will increase significantly.

Use Case of Doge Killer (LEASH)

The team did not provide a clear list of LEASH uses for newcomers to Shiba Inu, but here are some publicly known facts:

1. You can buy LEASH on decentralized exchange ShibaSwap and stake the token to earn rewards.

2. Doge Killer is expected to play a certain role in Doggy DAO — a blockchain-based governance organ that will bring Shiba Inu closer to the community and enable ecosystem management.

3. One of the events that increased the price of LEASH was the Shiboshi NFT sale in October 2021, where users were able to purchase some of the 10,000 collectibles with Doge Killer.

Source: Medium

4. Another use of LEASH is to buy land in Shiberse — SHIB's metaverse which we will discuss further.

It's worth noting that, compared to many other dog-themed meme coins, Shiba Inu has a very large community, and the project is constantly growing and adding new features to the ecosystem. 

Thus, we can expect that new uses of Doge Killer will be announced in 2022.

Read too Doge Killer Coin (LEASH) Predictions for the years 2024 - 2025, 2025 - 2030, 2040 & 2050

Who is the Team Behind Doge Killer (LEASH)?

Very little is known about the creators of SHIB and LEASH. As already mentioned, the founder of this platform is Ryoshi, whose identity remains unknown. He wrote in Shiba Inu's "Woofpaper" that the project was intended as "an experiment in decentralized, spontaneous community building." 

It looks like this plan is working — today, the ecosystem has a thriving community, a decentralized team of developers and artists who create works of art and participate in contests.

Ryoshi calls Shiba Inu a meme-driven, populist economic model and is proud to have created the platform from scratch. Early investors who backed SHIB with 10 ETH at the start have been rewarded in the form of tokens.

Roadmap Doge Killer (LEASH)

Shiba Inu and Doge Killer are decentralized cryptocurrencies and do not have a clear roadmap. However, the team has a Twitter account where they occasionally make announcements. 

Here is some information we know: in 2022, the platform will launch Doggy DAO, a structure that will enable community governance. 

It is not yet known whether Doge Killer will play a role there, but BONE tokens (Shiba's third asset) will be used to vote on protocol updates.

Doge Killer, Shibarium and ShibaSwap

Doge Killer also expects the launch of Shibarium — a Layer-2 scaling solution that will allow Shiba users to avoid high Ethereum fees and use this custom solution for cheap SHIB and LEASH transactions. ShibaSwap 2.0 will also be introduced soon, as an upgraded version of DEX ecosystem.

Furthermore, the launch of Shiberse, the Shiba Inu metaverse, was also announced to occur in 2022. It is known that LEASH holders will be able to register to receive land parcels on Shiberse — and when this news was announced, the price of Doge Killer jumped by 105%.

Read too Shiba Inu Makin Kuat Setelah Migrasi ShibaSwap ke Shibarium

Where Can I Buy Doge Killer?

Doge Killer is not as popular as Shiba Inu, and the community is currently promoting this token to be accepted by centralized exchanges. 

You can swap to own Doge Killer on the decentralized exchange (DEX) that you often use.

How is Doge Killer Used?

Doge Killer (LEASH) is a cryptocurrency token on the Ethereum platform, associated with the Shiba Inu Project. It was originally designed as a rebase token pegged to the price of Dogecoin, but has now been “unbundled” and will not rebase. 

The main goal of LEASH is to increase demand for SHIB tokens by offering potential rewards to investors holding LEASH. The specifics of these rewards have not been disclosed, but the SHIB community may have a say in determining the rewards program.

LEASH can be used on the decentralized exchange, ShibaSwap, which offers benefits such as low fees and potential rewards for liquidity providers. This token can also be traded with other cryptocurrencies, such as USDT or ETH.

To have Doge Killer, you can follow these steps:

1. Create an account: Open an account on an appropriate exchange, such as Coinbase or Binance, and complete the necessary identity verification steps.
2. Select a funding method: Select a payment method, such as credit card, bank deposit, or third-party payment channel, to purchase LEASH.
3. Buy a LEASH: Use the selected funding method to purchase LEASH on the exchange.
4. Transfer to wallet: Once purchased, you can transfer LEASH to a personal cryptocurrency wallet such as Metamask Wallet for added security and flexibility.

By holding LEASH, investors gain access to the SHIBARIUM ecosystem and can potentially earn rewards and trading opportunities within the ecosystem.

How to Store Doge Killer?

To store Doge Killer (LEASH) tokens, it is recommended to use a trusted hardware or software wallet. Non-custodial wallets like Arctic Wallet provide full ownership of your funds and private keys, ensuring that you have complete control over your LEASH tokens. 

This is different from exchange wallets, which may limit trading activity and lock your funds at any time.

How to Buy Doge Killer?

To buy Doge Killer (LEASH) tokens, follow these steps:

1. Create an account on a cryptocurrency exchange:

• Choose an exchange that can sell Doge Killer that supports LEASH.
• Register by providing the required information, including a secure email address and password.
• Complete the required identity verification steps.

2. Choose a funding method:

• The exchange offers a variety of payment methods, including credit/debit cards, bank deposits, peer-to-peer trading, and third-party payment channels.
• Choose the appropriate method and follow the exchange's instructions to add funds.

3. Buy Doge Killer (LEASH):

• Navigate to the Buy & Sell section of the exchange and select LEASH as the cryptocurrency you want to buy.
• Select a payment method and complete the purchase.

4. LEASH transfer to wallet (optional):

• You You can store LEASH in your exchange account or transfer it to a personal cryptocurrency wallet for added security and flexibility.
• Consider using a wallet like Metamask, which supports millions of assets and blockchains.
• Alternatively, you can also buy LEASH through decentralized exchange (DEX) by connecting your crypto wallet and using a supported payment method.

Summary

Doge Killer is a token in the Shiba Inu ecosystem. The token is based on a scarcity model — there are only 107,646 tokens, and the small supply helps maintain the coin's value. 

Doge Killer (LEASH) has a number of uses in the SHIB ecosystem, including staking, receiving land in the Shiba metaverse, NFT purchases, and more. 

Frequently Asked Questions (FAQ)

1. What is Doge Killer (LEASH) and how does it work?

Doge Killer (LEASH) is a token that operates within the Shiba Inu ecosystem, which is a very popular meme cryptocurrency. Doge Killer (LEASH) has a limited supply of 107,646 tokens, making it rare and valuable. The token was originally designed as a rebase token pegged to the price of Dogecoin, but has now been “unbundled” and will not rebase. Doge Killer (LEASH) is used in a variety of ways, including staking on ShibaSwap, participating in Doggy DAO, and purchasing land in the Shiberse metaverse.

2. Where can I buy Doge Killer (LEASH)?

You can buy Doge Killer (LEASH) on several cryptocurrency exchanges such as. Additionally, you can also buy Doge Killer (LEASH) on decentralized exchanges (DEX).

3. What is the future price prediction for Doge Killer (LEASH)?

Price predictions for Doge Killer (LEASH) vary widely. Some analysts predict that the price of LEASH could reach $2,389 in 2023, while others, such as Wallet Investor, estimate that the token may fall to $340. The price of LEASH is heavily influenced by announcements within the Shiba Inu ecosystem, including the launch of NFTs, the metaverse, and new use cases that may emerge in the future.

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Reference

ChangeNOW.io, What is Doge Killer (LEASH)? Origin, Use Cases, and Prospects, Accessed December 30, 2024

The Big Whale, Doge Killer, Accessed December 30, 2024

Forbes, Doge Killer, Accessed December 30, 2024

Author: IN