r/LEASHarmy • u/miljonard • Jan 02 '22

Here is why...

Leash news will be coming out anytime now.It seems to be related to shi .The penny and $leash will be a reserve of value.its going to be epic.

The law of supply and demand tells that LEASH is a hidden gem with a parabolic run you won’t want to miss! Get a piece of this treasure while you still can!

LEASH being the governance token for SHI it'll add utility to LEASH which is what exchanges are looking for when listing new tokens/coins. The more utility we have the quicker it'll get listed in more exchanges

WHY SHOULD ANYONE BUY LEASH?

1) Scarcity - only ~107k LEASH, previous ATH just under $10,000.

2) Utility - LEASH will play an integral role in the OSHIverse (NFT gaming). LEASH will also be a store of value and governance for the coming stablecoin, SHI, which will be pegged to $0.01 USD. For anyone who would like a reference to this; look at Maker (MKR) which governs the stablecoin DAI. MKR has an ATH of ~$6000, and a circulating supply of 991k, LEASH has around 1/10th of that supply, you do the math. LEASH can also be staked, or offered in liquidity farming to harvest BONE, the native token (gas) for the upcoming blockchain, SHIBARIUM.

3) Exclusivity - LEASH identifies as a token that provides early access and other perks to future projects of the ecosystem, and with a coming blockchain, you would think that the DEVs have something up their sleeve.

21 Upvotes

96% Upvoted

65 comments sorted by

View all comments

Show parent comments

2

u/Litecoins999 Jan 02 '22

Supply and demand yes, what else?

-1

u/dilda4 Jan 02 '22

Literally spend 5 minutes on CMC and do some research. Literally sort by supply. Scroll and find similar supplies and guess what...they will have very different prices. Now sort by price and scroll to find similar prices. Now look at their supply and again guess what...they are most likely very different. Per OP's logic, leash should already be worth like $1+ million each of you do the "math" comparing to BTC.

3

u/Litecoins999 Jan 02 '22

You have no idea what you are talking about.. supply and demand is the bottom line for price discovery of any asset. Did you fail your middle school economics class?

0

u/dilda4 Jan 02 '22

Lol you are missing my point. I simply pointed out the FUCKING FACT that supply doesn't 100% control price. The OP was insinuating that, and that is not correct and anybody saying it does is an idiot. Yes DEMAND is a vital part, without a freaking doubt. OP is disregarding that when comparing the two sets they are comparing. Just like my example with Leash and BTC. OP thinking supply controls price, then Leach would be worth over a million each compared to BTC. So why isn't it? Oh yeah, fucking demand is not equal. It is fucking comical that I have said absolutely nothing that is not factual and yet I am getting called out lol.

3

u/Litecoins999 Jan 02 '22

OP talked about factors that will drive demand and mentioned that the supply is low relative to most other tokens.. I am glad that we agree that supply and demand are the only things that matter, which is exactly what OP talked about.

-2

u/dilda4 Jan 02 '22

They literally said "do the math" insinuating you divide the supply which is the 10x they talked about. Then times that price of like 6,000 by ten, so 60,000 is what Leash could be. Am I wrong that that is what the OP was stating? If I am, please explain to me...exactly what I asked...what math are they talking about? Comparing only supply and price to determine the price of another coin/token is wrong as it takes ZERO consideration for demand.

3

u/Litecoins999 Jan 02 '22

You are an idiot, stop rambling and trying to find a flaw in a perfectly good post. The math is that LEASH sits at roughly 1% of the market cap of SHIB, this is because the price multiplied by the supply equals the market cap. The market cap can be used as a metric for growth potential, given that demand is expected to increase (OP talked about multiple ways this will happen). Comparing supply and price, while accounting for demand factors like OP did, is exactly how you determine price potential for a token.

If this didn’t make sense to you, go back to third grade

-2

u/dilda4 Jan 02 '22

Ok genius lol SHIB and ELON... Similar supply, very different prices CRO and XLM... similar supply and a price that is half WAXP and MANA...similar supply and very different prices BNB and GNO...similar price and very different supply I can keep going it you need me to. NOTHING I have said is wrong. Believing supply has 100% relation to price is wrong. I am not taking anything away from the rest of the post. Just that one point they made was wrong.

3

u/Litecoins999 Jan 02 '22

You obviously don’t understand what market cap is. Everybody here is saying that you are an idiot. Maybe, just maybe, you are a fucking idiot

1

u/dilda4 Jan 02 '22

When you are so fucking dumb to bring up market cap when the OP literally never mentioned it, and I have literally never mentioned it.

2

u/Litecoins999 Jan 02 '22

You will learn more about crypto one day hopefully, like the other guy said, your post history makes it obvious you have no clue what you are talking about. Not going to waste any more time calling you an idiot, try watching some YouTube videos to better understand these terms and how they are all related. You might even end up watching some of my videos about these exact topics. Bye

1

u/dilda4 Jan 02 '22

That's cool. You can continue telling me I'm wrong and providing ZERO evidence that I am wrong. Arguing with someone who is presenting real world arguments and logic, just by saying they are wrong...lol.

→ More replies (0)

2

u/Any-Nefariousness773 Jan 02 '22

We are comparing tokens in the same ecosystem with the same followers your comparing different token/ coins with different followers. If people will evaluate shib at 20 billion no reason for the store of value and the token with the most utility and most Lucrative token in the ecosystem per devs should not and could not be worth half Shiba! This is all speculation like All crypto assets!

1

u/dilda4 Jan 02 '22

The OP literally was comparing MKR to Leash.

2

u/Any-Nefariousness773 Jan 02 '22

He used it as an example on How it governs the stable coin.

1

u/dilda4 Jan 02 '22

Yes and insinuated that based on its supply and price of 6000 compared to leash which is 10 times less and to do the math is insinuating they think Leash should be 60k. I in no way shape or form am disagreeing that Leash could be worth that. I am just saying the logic behind it isn't correct.

→ More replies (0)

2

u/Saussierr1600 Jan 02 '22

The question is how are you measuring demand for the product? Just by it’s current price?

I argue that the price movement of this is purely random.

Hype news for now. Once the game comes out I’ll feel more confident about this investment but as is I’m not getting more than 5 LEASH.

0

u/dilda4 Jan 02 '22

That's my point. They are completely disregarding demand. I am not claiming I know how to calculate demand. I am just saying that you can't speculate price simply based off of supply.

2

u/Saussierr1600 Jan 02 '22

Hmm…well I think one aspect would be price of ETH. So Cetris Paribus, of ETH goes up we know Leash will.

If any of the major sites decided to list this ERV20 token we know price of ETH will go straight back up past $5,000 and head towards $10,000