To find out even more about this project, check out our deep dive of Doge Killer.
What Is Doge Killer (LEASH)?
Doge Killer (LEASH) is a token in the Shiba Inu (SHIB) ecosystem. Shiba Inu is commonly referred to as the “Dogecoin (DOGE) killer” because of its enormous popularity. SHIB grew to become the second-largest canine-inspired coin in the crypto space and aims to be the Ethereum (ETH)-based counterpart to Dogecoin’s Scrypt-based mining algorithm. Besides LEASH, there is also Bone ShibaSwap (BONE), another dog coin that is part of the Shiba universe, which can be traded on its own ShibaSwap decentralized exchange (DEX).
LEASH, BONE and SHIB are all part of the dog coin avalanche that has taken the crypto space by storm in 2021. Other examples of dog-themed coins are Baby Dogecoin (BabyDoge), Drunkdoge (DRUNK), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM).
Who Are the Founders of Doge Killer?
Shiba Inu (SHIB) was created in August 2020 by an anonymous person or group using the pseudonym “Ryoshi.” As a part of the Shiba Inu ecosystem, Ryoshi is also behind Doge Killer (LEASH), and there is still close to no information regarding the identity of the tokens’ creator(s). In Shiba Inu’s whitepaper – whimsically entitled the “Woofpaper” – Ryoshi give(s) three reasons for creating Shiba Inu:
“We started from zero, with zero.”
“The brilliant minds behind Shib had never collaborated before.”
“We love Shiba Inu Dogs.”
However, it is fair to assume that the stunning success of Dogecoin (DOGE) also inspired the endeavor and that the founder(s) recognized the lucrative potential of creating yet another popular dog coin.
What Makes Doge Killer Unique?
Doge Killer (LEASH) was originally intended to be a rebase token but then the team decided to change tack and limit the total supply to only 107,646 tokens. This extremely low supply makes it an outlier among dog coins and also helps explain its high price, with LEASH trading at around $1,400 at the time of writing, down from a stunning all-time high of over $7,000 in May 2021. Usually, dog-themed cryptocurrencies have an artificially high supply – in the billions or even quadrillions – with which they try to spur investors to buy the token and pump the price to one dollar or one cent. LEASH takes a refreshingly different approach, making it a truly unique dog coin.
Although the team promises “lucrative rewards” to LEASH holders, it does not specify what these will be. This will potentially be up to the community to decide, as Bone ShibaSwap (BONE) is the governance token of the Shiba Inu ecosystem and will be used for voting in proposals in the upcoming Doggy DAO.
Related Pages:
Check out Dogecoin (DOGE) — the dog coin with the highest market cap.
Check out Shiba Inu (SHIB) — the “Dogecoin killer.”
Learn more about the dog-related meme-coin craze.
Read our analysis about whether Doge Killer (LEASH) will reach $10,000.
Get the latest crypto news and latest trading insights via the CoinMarketCap blog.
How Many Doge Killer (LEASH) Coins Are There in Circulation?
In contrast to Shiba Inu (SHIB), which has a total supply of one quadrillion, Doge Killer (LEASH) has a very low total supply of only 107,646. Shiba Inu famously burned 50% of its token supply to Vitalik Buterin, the co-founder of Ethereum. In response to this “gift” from the Shiba Inu team, Buterin sent 50 trillion SHIB tokens worth $1 billion at the time to India’s Covid Crypto Relief Fund. Buterin then burned 40% of the total supply to a dead wallet. Although this initially led to a massive sell-off in the price of SHIB, the two communities managed to strike a deal and the price of SHIB and LEASH was on a consistent uptrend in September and October 2021.
How Is the Doge Killer Network Secured?
Doge Killer (LEASH) is an ERC-20 token, which is the token standard that most new tokens use if issued on the Ethereum (ETH) blockchain. A stalwart of the crypto space, Ethereum remains the go-to solution for many decentralized application (DApp) creators. Its blockchain has successfully transitioned from a proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS) during the "Merge" on Sept. 15, 2022. A set of decentralized nodes validates all transactions and secures the Ethereum blockchain, ensuring it is one of the safest in the industry.
In addition, all tokens in the Shiba Inu (SHIB) ecosystem have been audited by Certik.
Where Can You Buy Doge Killer (LEASH)?
Doge Killer (LEASH) is available on Uniswap (V2), Gate.io and Shibaswap.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy Doge Killer (LEASH) or any other token in the CoinMarketCap education portal — Alexandria.