OKX, the world’s second-largest crypto exchange, has announced the delisting of LEASH, a key token in the Shiba Inu ecosystem. This raises doubts about LEASH's future and its role in the Shiba Inu space.
Key Details:
🔹 LEASH, launched in 2021 by Shiba Inu’s anonymous creator Ryoshi, was initially intended for buying land in the Shiba Inu metaverse and participating in the Shiboshis NFT collection presale.
🔹 Despite its intended use, OKX has decided to remove LEASH from the platform, along with five other cryptocurrencies, to maintain a robust trading environment and delist assets that no longer meet listing criteria.
Impact of the Delisting:
🔸 OKX held 24.78% of LEASH’s liquidity, amounting to around $576,000—a relatively small figure for a token listed on such a major exchange.
🔸 With Shiba Inu’s focus now shifting towards Shibarium and away from the metaverse and NFT projects, LEASH’s utility and future are now uncertain.
Why This Matters:
The delisting of LEASH signals a shift in Shiba Inu’s ecosystem priorities. While SHIB and BONE remain essential for Shibarium's growth, LEASH may face more challenges due to its diminishing relevance in the project’s roadmap. This move could also impact other tokens within the Shiba Inu ecosystem.
#ShibaInu #LEASH. #OKX. #Delisting #NFT

#SHIB has gained significant popularity in recent years, and its ecosystem has expanded to include two important tokens: #BONE and #LEASH. These tokens are integral to the Shiba Inu ecosystem and offer a range of benefits to users and investors.

BONE: The Governance Token for ShibaSwap

BONE is a governance token that is used to vote on proposals and decisions related to the ShibaSwap decentralized exchange. It is also used to stake in liquidity pools and earn rewards for providing liquidity on the platform.

BONE holders can vote on proposals related to adding or removing tokens from the ShibaSwap platform, changing the fee structure, and marketing and promotional campaigns. This gives users a say in the direction of the platform and ensures that it remains decentralized and community-driven.

In addition to governance functions, BONE also serves as a utility token on the ShibaSwap platform. Users can use BONE to pay for transaction fees, and holding BONE can earn users boneified rewards – special bonuses that are paid out based on participation in the ShibaSwap ecosystem.

LEASH: The Utility Token for Shiba Inu's Dogecoin Killer

LEASH is a utility token that is used in the Shiba Inu ecosystem's "Dogecoin Killer" project. This project aims to create a cryptocurrency that can compete with Dogecoin, a popular meme-inspired cryptocurrency.

LEASH is a deflationary token, meaning that its supply is designed to decrease over time. This is achieved through a mechanism known as "burning," where a portion of each LEASH transaction is sent to an address that is not accessible, effectively removing it from circulation.

LEASH can be traded on various exchanges and used to purchase merchandise and services within the Shiba Inu ecosystem. It is also used in liquidity pools on the ShibaSwap platform, where users can earn rewards for providing liquidity.

What They Offer to Users and Investors

BONE and LEASH offer a range of benefits to users and investors within the Shiba Inu ecosystem. BONE allows users to participate in the governance of the ShibaSwap platform, ensuring that it remains community-driven and decentralized. It also offers utility functions, such as paying for transaction fees and earning boneified rewards.

LEASH, on the other hand, is focused on the Dogecoin Killer project and offers a deflationary mechanism that can potentially increase its value over time. It can be used to purchase merchandise and services within the Shiba Inu ecosystem and earn rewards through liquidity pools.

Overall, BONE and LEASH are important tokens within the Shiba Inu ecosystem and offer a range of benefits to users and investors. As the ecosystem continues to evolve and grow, these tokens are likely to play an important role in its future development.

#BTC #BINANCE