The Shiba Inu (SHIB) ecosystem has reached new heights in just two years. SHIB aspires to play a significant role in the future Web3 revolution. It is expanding its metaverse initiative as well as its Shibarium network.
BONE and LEASH are SHIB’s offspring tokens. BONE will play an important role in the upcoming Shibarium network. In contrast, LEASH grants its holders exclusive rights to claim land in the project’s future metaverse. However, many people are confused about what LEASH is and why it is important.
Read Also: Leading Shiba Inu Developer Indicates Updating the Whole Ecosystem Rather Than Just Shibarium
What Exactly Is Shiba Inu’s LEASH?
As a rebase token, LEASH was initially used to track the price of Dogecoin (DOGE). “Doge Killer” is another name for the token. SHIB’s developers, on the other hand, chose to convert LEASH into an ERC-20 token. LEASH, as an ERC20 token, is hosted on the Ethereum blockchain. LEASH token holders can stake their holdings in the liquidity pool for xLEASH.
There are only 107,646 LEASH tokens, which were designed to be rare assets. LEASH is currently in the wallets of over 29k people. Given the current state of the market and Shiba Inu’s goals, it is reasonable to expect LEASH to remain a favorite among cryptocurrency investors.
Related Article: France-based Top Crypto App Now Supports BONE and LEASH, Two Shiba Inu Ecosystem Tokens
Why Is LEASH Important?
LEASH performs several critical functions. One of the most important use cases is the ability to participate in the Shiba Inu metaverse before its formal introduction. In other words, regardless of how much SHIB they own, LEASH allows every holder to acquire some land plots in the upcoming metaverse. Users can earn 200 land plots by storing 5 LEASH in the SHIB.io LEASH Locker for 90 days.
Shiba Inu aspires to become a significant Web3 initiative that can assist millions of community members. LEASH is a practical tool for achieving this goal. Because the LEASH cryptocurrency acts as a gateway to the SHIB ecosystem’s metaverse, LEASH may now be more important to the ecosystem than SHIB itself.