Well something happened, all the way back in August we launched $SHIB as an experiment in decentralization to see if it would really work, with me the deployer putting zero $ into marketing or anything else and doing a fair launch keeping no tokens for myself.
Well in august we had a nice wave of hype and was forgotten, but recently with the resurgence of DOGEDogecoin – the original memecoin. LEASH was designed to tame/track it., SHIBThe original token experiment. Fair launch, no team allocation. has caught fire.
Now that we are begging to move to Phase 2, we need to set the framework for the future of decentralized finance with LEASHRebasing token pegged to 1/1000 of DOGE price. Originally farmed by SHIB stakers. which was originally farmed by SHIB stakers.
The purpose of LEASH is to tame DOGE, the way it works is that everyday at 6.30AM UTC, the price of LEASH will rebase to 1000/1 the price of DOGE.
From there it works just like AMPLAmpleforth – a rebasing cryptocurrency that inspired LEASH's mechanism., so for example, if DOGE is 4.3c and Leash is $50, then it will rebase and you will get more LEASH in your wallet.
However if DOGE is 4.3c and LEASH is $30 then LEASH will be debased and you will lose LEASH from your wallet.
So when do we start rebase?
Well, as of publishing this article, LEASH is trading around $5, so if we started rebase now, it would be instant rekt for LEASH holders.
Now, how to get there? Well Liquidity is very important. Without liquidity on UniswapDecentralized exchange (DEX) where SHIB and LEASH first traded., it is impossible for LEASH to rise.
This is what we recommend
1 — buy a little LEASH to hold. Just a small amount and be ok to hold. maybe 5% of your portfolio
https://app.uniswap.org/#/swap?outputCurrency=0x27C70Cd1946795B66be9d954418546998b546634
2 — Add that with Liquidity to Uniswap
Ready, set go!
Love, RyoshiAnonymous founder of SHIBA. Disappeared in 2021, leaving the project fully decentralized.
Ps. To clear up a few questions
i — our official twitter got hacked so until we get that back, don't trust anything published there
ii — there is only SHIB and LEASH on ETHEthereum blockchain – home of SHIB and LEASH.. There is no binance chain or whatever forks.
iv — I don't like centralized exchanges. I do not endorse any and only encourage you to use Uniswap and DEXDecentralized exchange – no central authority, peer-to-peer trading..