In a recent newsletter dated June 6, Shiba Inu, the meme-coin, explained why LEASH LOCKER users haven't received their rewards yet. The delay is due to the ongoing land sale, which has not yet concluded. However, the team is currently working on a new contract that will enable reward distribution once the locking period ends, regardless of whether the sale is still ongoing.

During a promotional event for Shib.io, the Shiba Inu Metaverse, the team announced plans to distribute 3% of the Land Event Sales as rewards for LEASH locking. To qualify for this offer, users must participate in bidding for Land during the first two early-access stages.

Once the land sale concludes, users will receive rewards based on the value and duration of their LEASH locking. These rewards will be paid in BONE tokens. However, users who have already unlocked their LEASH holdings are still awaiting their rewards.

The delay in distribution is attributed to various technical issues, including the ongoing Land Event Sale. To address this, the team is developing a new contract that will allow reward allocation even during an ongoing sale.

Users will still need to wait for the entire 90-day event duration to receive their rewards. The new contract is expected to be operational by July 2 and will apply to all users. Additionally, the team plans to consider land sales up to July for the total rewards distribution.

The introduction of the new Metaverse venture could mark a significant milestone for the meme-coin project. The project was conceived with a commitment to giving back to the community, which is why a portion of the revenue generated will be shared with users.

The integration with the metaverse is expected to bolster Shiba Inu's native coins, including SHIB, LEASH, BONE, and SHIBOSHIS, potentially enhancing their practical utility and market value. The team has already initiated steps, such as creating a burning portal, to achieve this goal.