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Quick Guide to Shiba Tokens: $SHIB, $BONE, $LEASH, $TREAT

by BSCN

February 4, 2023

Everyone in crypto is talking about Shiba Inu and the upcoming Layer-2 Shibarium network. Here's a primer on the ecoystem's tokens: $SHIB, $BONE and $LEASH.

$SHIB, $BONE, $LEASH, $TREAT

The Shiba Inu project is in the spotlight as the launch of the Layer-2 Shibarium network approaches. Here’s what you need to know about the tokens that power the Shiba ecosystem: $SHIB, $BONE, $LEASH and (upcoming) $TREAT.

Shiba Inu

Name: Shiba Inu
Symbol: $SHIB
Description: SHIB is the first and central token of the Shiba ecosystem, and is designed to be used for payments. Shibarium transactions will burn SHIB tokens.
Market Cap: $8.4 billion
30-Day Price Change: +71%
Difference From All-Time High: -83%

Bone ShibaSwap

Name: Bone ShibaSwap
Symbol: $BONE
Description: BONE is the governance token for the Shiba ecosystem. It will be the gas token for Shibarium transactions.
Market Cap: $409.9 million
30-Day Price Change: +76%
Difference From All-Time High: -89%

Doge Killer

Name: Doge Killer
Symbol: $LEASH
Description: LEASH is a token held by Shiba VIPs, that gives holders benefits and perks, such as enhanced $BONE rewards, access to Shiboshi NFT minting and early access to Shib: The Metaverse land sales.
Market Cap: $51.9 million
30-Day Price Change: +54%
Difference From All-Time High: -89%

Treat

Name: Treat
Symbol: $TREAT
Description: The TREAT token has not yet been launched, and the tokenomics have not been described. TREAT will be the reward token for Shiba holders.

A fifth token called $SHI has also been discussed by Shiba developers, including founder Ryoshi who described it as an “algo-stable coin that always pegs to 1c” (US$0.01). However, the mechanics of the proposed stablecoin have never been officially released.

What is Shiba Token:

Shiba Token (SHIB) is home to the Shiba Inu Ecosystem, an interconnected family of digital assets and solutions built on the Ethereum blockchain. Its tokens include $SHIB, $LEASH, and $BONE, plus native SHIBOSHIs NFTs. SHIB solutions include SHIB: The Metaverse and the ShibaSwap DEX. SHIB, a world-leading decentralized finance (DeFi) cryptocurrency, has gained popularity among millions of investors worldwide. It has 3.6 million Twitter followers and is frequently ranked as the third most searched project by Google. The Shibarium Layer 2 blockchain enables SHIB to provide increased scalability, security and innovation.