Shytoshi Kusama Teases Big Announcement for LEASH Token Holders

August 14, 2023 Nitish shaw Cryptocurrency News 1

Shiba Inu Lead Shytoshi Kusama Drops LEASH Token Bombshell

Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, has teased an upcoming announcement specifically targeted toward LEASH token holders. In a tweet on August 14, 2023, Kusama said that he would be making a “special announcement” at 1:00 PM EST on Tuesday, August 15. He also said that a new utility for the LEASH token would be introduced the following day.

LEASH is one of the three native tokens in the Shiba Inu ecosystem, along with SHIB and BONE. It is often referred to as the “Doge Killer” because it was designed to be a more scarce and valuable token than Dogecoin. LEASH can be staked on ShibaSwap to earn rewards, and it is also used to participate in certain governance votes.

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The upcoming announcement from Shytoshi Kusama is likely to be met with excitement from LEASH holders. The token has been underperforming in recent months, and a new announcement could help to boost its price. It is also possible that the new utility for LEASH will be something significant, which could further increase its value.

LEASH token announcement:

The announcement could be about a new partnership for LEASH. Shiba Inu has been making a lot of partnerships in recent months, and it is possible that they are planning to partner with a major company that will use LEASH in some way.

The announcement could be about a new use case for LEASH. LEASH is currently mostly used for staking and governance, but it is possible that the developers have plans to give it more utility. For example, LEASH could be used to purchase exclusive merchandise or services.

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The announcement could be about a new burn mechanism for LEASH. Burning LEASH tokens would reduce the supply, which could drive up the price. The developers have previously hinted that they are considering a burn mechanism for LEASH, so this is a possibility.

Whatever the announcement is, it is sure to be met with

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An aspiring novelist and a random blogger, Nitish is also a porky-mouthed banter specialist when it comes to football (soccer), films, TV Series, History and socio-economic issues. He travels, indulges in music and plays outdoor sports to get his creative juices flowing. “There’s the scarlet thread of murder running through the colorless skein of life, and our duty is to unravel it, and isolate it, and expose every inch of it.”- Quote this, and you will be his favorite person for at least as long as the two of you can hold up the conversation.