Doge Killer
Crypto Overview
Project Overview
LEASH is part of the Shiba Inu ecosystem, initially created as a rebase token pegged to Dogecoin but later transformed into a store of value and utility token within the ShibaSwap decentralized exchange. The token has a fixed supply of 107,647 tokens.
Intended Utility
LEASH serves multiple functions within the Shiba ecosystem: It provides exclusive access to NFT drops on ShibaSwap, offers governance rights, and acts as a store of value due to its limited supply. Token holders can provide liquidity and stake LEASH tokens on ShibaSwap to earn rewards.
Actual Utility Assessment
The token demonstrates genuine utility through its integration with ShibaSwap's DeFi features and NFT marketplace. Current usage aligns with intended purposes, particularly in liquidity provision and NFT platform access. On-chain data shows active trading and staking participation.
Tokenomics Analysis
The token distribution appears relatively decentralized with no excessive concentration among founders. There is transparency regarding token allocations and no concerning vesting schedules that might indicate a pump-and-dump scheme. The development team maintains regular updates and platform improvements, suggesting legitimate long-term commitment.
Revenue Model Evaluation
The primary revenue mechanisms involve trading fees and NFT marketplace transactions. While staking features exist, they operate through liquidity provision rather than interest-bearing mechanisms, potentially avoiding riba concerns.
Crypto Impact
To assign a comfort level investing in Doge Killer from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Doge Killer.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.