Shiba Inu, the popular dog-themed cryptocurrency, has announced that its token LEASH, also known as Doge Killer, will be listed on GroveX, an Australian digital currency exchange platform. LEASH is one of the three tokens in the Shiba Inu ecosystem, along with SHIB and BONE.
Shiba Inu’s Popularity Keeps Growing
According to the official announcement by GroveX, LEASH will be traded in LEASH/USDT and LEASH/BUSD pairs. Deposits for LEASH are already open, and withdrawals and trading will start on Sept. 11 at 7:00 p.m. AEST. The listing of LEASH follows the previous addition of BONE, the native token of ShibaSwap, the decentralized exchange (DEX) of Shiba Inu.
New #GroveX Listing Alert@Shibtoken
will be listed on #GroveX. Details are as follows:
Trading Pairs:
🔸#LEASH/#USDT
🔸#LEASH/#BUSDListing Date & Time:
🔸11/09/2023 at 7:00 PM AESTDeposits: Now Open
Withdrawals Open: 11/09/2023 at 7:00 PM AEST.… pic.twitter.com/qe17oN1L2G— GroveX (@GroveXchange) September 6, 2023
The news of the listing has boosted the price of LEASH, which rose by 2.33% on the OKX exchange shortly after the announcement. However, the price has since corrected and is currently trading at $359.5, according to CoinMarketCap data.
LEASH is a scarce token with a total supply of only 107,647 tokens. It was originally designed to be a rebase token pegged to the price of Dogecoin (DOGE), but later the rebase function was removed. LEASH holders can stake their tokens on ShibaSwap and earn rewards in BONE and other tokens.
The listing of LEASH on GroveX is another milestone for the Shiba Inu project, which has recently launched its own Layer 2 blockchain called Shibarium. Shibarium aims to provide faster and cheaper transactions for Shiba Inu users and developers. Shibarium has already surpassed one million transactions and wallet addresses in less than a week since its launch.
Shiba Inu is also working on other innovations, such as Wrapped Bone (WBONE), a Shibarium-based token that represents BONE in a standardized format, and a burn portal that will allow users to burn SHIB tokens voluntarily.
The project’s lead developer, Shytoshi Kusama, has stated that he believes the adoption of Shibarium is more important for price growth than SHIB burns.
