Understanding Kishu Inu Coin — Complete Guide for Trader
The cryptocurrency meme-coin space is exploding with activity. Every other day there are news circulating of yet another successful launch of a new meme-coin.Kishu Inu is yet another dog-themed cryptocurrency that is named after the Kishu Inu canine breed. This follows in the footsteps of Dogecoin, which brands itself via the usage of the Shiba Inu dog.
As a community-based cryptocurrency with fast incentives for its holders, Kishu Inu (KISHU) was launched in April of 2021 and is currently available for purchase. This cryptocurrency is completely deflationary; As a result, it will increase in value with each subsequent transaction.
In order to combat deflation, KISHU has implemented a redistribution scheme, among other measures. Two percent of each transaction is given to those who own the currency as an incentive to keep it in circulation. According to the developers of Kishu Inu, the project is decentralized and geared toward achieving a specific objective.
In order to bridge the gap between the cryptocurrency and traditional markets, KISHU is attempting to raise awareness about popular cryptocurrency ideas. In addition to developing new ideas such as participation incentives, NFTs, decentralized exchanges, and other similar concepts, KISHU encourages holders to learn about newer, next-generation concepts.
According to its creators, Kishu Inu is a decentralized meme project with a genuine goal in mind that they hope to achieve. In contrast to older, comparable projects, the KISHU project introduces holders to next-generation concepts such as participation rewards, non-financial tokens, decentralized exchanges, and other novel ideas, as opposed to older, comparable projects.
It was only a month after its launch that the cryptocurrency KISHU made history by surpassing a $2 billion market capitalization and accumulating a community of more than 100,000 supporters. A first-of-its-kind accomplishment for a project of this magnitude, and it demonstrated the international community's confidence in the project.
Why was it developed?
KISHU was developed as a response to the fact that many meme-based cryptocurrencies lack a coherent vision for the future. And the team behind it hopes that it will be more than just a meme or a joke, and that it will serve as a legitimate currency.
When it comes to longevity, KISHU is attempting to establish a reputation among investors by establishing itself as the dog coin with the longest lifespan possible.
Kishu Inu Features:
KISHU INU Project Offerings:
KISHU Project has several offerings, which has enabled it to create a strong community around the coin. Some of the key offerings of KISHU include:
$KISHU's ERC-20 token offers a unique incentive model for transaction volumes in ERC20-compliant decentralized wallets. The greater the number of holders who use, trade, and carry out transactions using $KISHU, the greater the benefits!
KISHU Swap is the official decentralized exchange (DEX) for KISHU’s community which was launched on May 5, 2021. The platform offers holders the power to exchange among each other any ERC20 token regardless of which they own. Moreover, platform runs on Uniswap, the most secure and reliable DEX in the world. KISHU's continuing community development activities will further rely on it as a base to create new features and functionality for KISHU holders.
KISHU CRATE is KISHU INU community's official decentralized NFT marketplace - where $KISHU tokens may be staked (locked) in order to earn unique NFT incentives and digital collectibles showcasing artwork produced by KISHU community members. In order to encourage participation in monthly competitions for artists to exhibit their work and have the community vote on which artworks should be included to the marketplace, KISHU INU will host contests every month.
KISHU PAW PRINT:
Launched in May 2021 the KISHU PAW PRINT is a wallet tracker app where users may monitor their awards and incentives earned via $KISHU use, current token values, wallet balance, and other information using this wallet tracker software.
The Kishu Inu merchandise store is currently under construction and will be run by a non-profit organization with no owners or stockholders. The merchandise store will enable $KISHU holders to proudly support Kishu Inu's real-world enjoyment, with 100% of profits going toward the project's development, upkeep, and future features.
What is KISHU worth?
According to CoinGecko, the current value of KISHU is about $0.00000000068. If you invest heavily, that is not a significant gain in value, but if the value grows and the market moves in your favour, it may be significant. When it comes to such markets, though, there are no guarantees at all.
The fact thatElon Musk began pushing meme-coins helped KISHU gain momentum in the early stages of the project's development. In order to capitalize on the popularity of Dogecoin, which has also been supported by Musk, a number other currencies, including Kishu Inu, have been created. As a result of tweets and advertisements in Times Square, New York, Kishu Inu was able to raise awareness during Awareness Week, which helped to rocket-launch the currency.
Risks associated with Kishu Inu:
When it comes to investing in cryptocurrencies, almost all of them are high-risk propositions. Pricing is very volatile, and you can face the risk of losing your entire investment. Because individual coins are not regulated, you are not covered if anything goes wrong or if you are a victim of a fraud.
Despite its early popularity and growing adoption there is a tiny possible that newer currencies of the likes of Kishu Inu can be more hazardous since they do not have a lengthy track record, making it more difficult to evaluate their worth and performance.
However this risk is inherent to almost all cryptocurrencies in comparison to regulated assets. And doing your own research (DYOR) is a practical and sound advice for new traders.
KISHU boasts a growing community on its platform. Currently there are 182,000+ Holders of KISHU according to its website. With its market cap of of close to $0.078 Billion it is gaining popularity among meme-coin investors. It has around 136K Followers on Twitter, and 16.8K members on Reddit and 75K subscribers on Telegram.
Many projects prefer to burn unsold tokens after the ICO to provide greater transparency to investors. Listing unsold ICO tokens on exchanges could lead investors to allege that the project is only after its own interests by accumulating profits.
KISHU is a token that is controlled by its enthusiastic and active community. The team behind KISHU is open to input and embraces a variety of viewpoints in order to develop KISHU into the greatest cryptocurrency community possible. They also have a strong incentive mechanism in place, according to which 2 percent of every transaction in KISHU's network (whether it is a purchase or a sale) is given to current holders. As a result, traders may make $KISHU just by keeping the cryptocurrency in their possession.
How to buy Kishu Inu?