The Shiba Inu ecosystem has expanded significantly since its early days. As of now, Shiba Inu has an ambitious plan to become a major force in the upcoming Web3 revolution. In order to achieve this goal, it is working on its own metaverse, among other things, as well as several other notable products. In order to support its ever-growing ecosystem, Shiba Inu has added another utility token called LEASH that offers exclusive rights to its holders to claim land in the future metaverse of the Shiba Inu project. NOWPayments supports and promotes the mass adoption of LEASH by enabling businesses and individuals to accept payments in LEASH.
- LEASH is an ERC-20 token with an extremely low supply.
- LEASH is the secondary utility token in the Shiba Inu ecosystem.
- Accept LEASH payments via NOWPayments.
What is LEASH and why is it important?
LEASH is an ERC-20 token, which means that it exists on the Ethereum blockchain. LEASH is intentionally made to be a very scarce asset. The total supply of LEASH is 107,646 tokens, which is an extremely small number. Still, a minuscule supply of the coin makes it more valuable. As of December 2022, the price of one LEASH token stood at around $310. Such a high cost indicates a substantial demand for the coin among the Shiba Inu holders. Nowadays, there are more than 29k people who hold LEASH in their wallets. The market dynamics, as well as the plans of Shiba Inu, make it possible to assume that LEASH is likely to remain a popular coin among crypto investors.
Why LEASH is so important
LEASH is a highly important asset for Shiba Inu because it is a token with several crucial purposes. For now, the most essential of these is letting users participate in the Shiba Inu metaverse even before its official launch. In other words, LEASH allows every holder, irrespective of how much SHIB they own, to have a chance to get some land plots in the upcoming metaverse. If you lock 5 LEASH in the LEASH Locker at SHIB.io for 90 days you will be rewarded with 200 land plots.
Shiba Inu seeks to become a massive Web3 project capable of benefiting millions of community members. LEASH is a convenient tool for making this vision a reality. At this point, LEASH may be even more vital for the Shiba Inu ecosystem than SHIB itself, because the LEASH crypto works as the gateway to the next big thing in the Shiba Inu ecosystem, namely, its metaverse.
Shiba Inu Ecosystem Overview
The Shiba Inu ecosystem incorporates three assets: SHIB, LEASH, and BONE. It is essential to understand the roles each of these coins performs and their relations with one another.
SHIB acts as the primary utility token, as it is the oldest and most common asset in Shiba Inu’s portfolio. There are virtually over 1.2 million people holding SHIB in their wallets, which is a truly astounding number. SHIB is listed on numerous exchanges, including on the official Shiba Inu exchange called ShibaSwap. Overall, SHIB is the foundational currency, representing the entire project.
LEASH is the second token incentivized on ShibaSwap. By staking LEASH on ShibaSwap, users can earn hefty rewards. The LEASH crypto coin mostly acts as the secondary utility token and is used extensively in the newest projects of Shiba Inu, including the metaverse.
BONE is the governance token of Shiba Inu. It promotes decentralization by allowing community members to impact the way Shiba Inu is run.
Should I accept LEASH payments? How?
LEASH should be on your available payment methods list if you understand the benefit of featuring crypto payments. Just like most cryptocurrencies, LEASH crypto can greatly reduce your fee expenses, facilitate cross-border transactions, and ensure complete privacy for you and your customers. Yet, most importantly, LEASH will work as a powerful marketing tool that will enable your brand to get noticed by the entire Shiba Inu community. If you are open to welcoming thousands of new clients excited to pay in LEASH for your goods or services, then accepting LEASH is the right choice for you.
NOWPayments offers the following tools for accepting LEASH crypto payments:
- eCommerce plugins: These plugins are compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware.
- Payment Link and a PoS terminal: Businesses can use a payment link and a virtual Point-of-Sale terminal.
- Recurring Payments: Some companies may deploy special recurring invoices.
- Custodial Recurring payments: It allows companies to set up separate billing accounts for their customers and let them top up these accounts with the cryptocurrency of their choice.
- API: NOWPayments’ versatile API enables businesses to create custom crypto payment solutions.
- Payouts: You can send mass payouts as a salary, bonus, reward, or rebate automatically to as many addresses as you wish.