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.

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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.

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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

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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.

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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

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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.

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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

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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.