What Is Kishu Inu (KISHU)?
Kishu Inu is a meme coin inspired by Dogecoin (DOGE). It represents the Kishu dog breed and is often referred to as the “Dogecoin's Big Brother.” The KISHU tokens are fully owned by the community. This means that no tokens go to the founders or the development team and that the governance of the project is also in the hands of the community. The Kishu Inu price chart above features the current KISHU price, so don't forget to check it out.
The Kishu Inu crypto project seeks to change the concept of meme coins. Instead of being just a funny token, Kishu Inu integrates various functionalities into its projects, such as DeFi applications, NFTs, and a unique participation reward system.
Apart from the main product of the project – the KISHU coin – the Kishu Inu crypto project also has other products:
- Kishu Paw Print – a wallet tracker. It allows users to see all KISHU statistics and manage their wallets.
- Kishu Crate – an NFT marketplace. It features various NFT farms that allow users to acquire NFTs by staking Wrapped Ethereum (WETH) tokens or KISHU tokens. Besides acquiring NFTs, Kishu Crate farmers also collect points each time they stake tokens.
- Kishuverse – an NFT collection. It’s an official Kishu Inu collection that consists of 8,888 unique dog-like NFTs.
- Kishu Swap – a Uniswap-powered decentralized exchange. It allows users to swap various tokens that are based on the ERC-20 token standard.
- KISHU sWag – a merchandise store. It allows users to purchase various items representing Kishu Inu, including hoodies and t-shirts. All profit received by the store is used for further development of the Kishu Inu crypto project.
Besides, note that the Kishu Inu crypto project smart contract is audited by CertiK.
The Founders of Kishu Inu
The Kishu Inu crypto project was launched in 2021. The team behind the project chose to remain anonymous. However, they tend to occasionally drop some hints about themselves on Kishu Inu Twitter account.
Use Cases of Kishu Inu
Kishu Inu coins are based on an ERC-20 token standard. The differentiating feature of Kishu Inu tokens is a 2% KISHU token reward that is given to all active transactions using KISHU tokens.
Overall, KISHU tokens are the driving force of the Kishu Inu project. They are used in all aforementioned products of the project. However, there are also other use cases of KISHU tokens that include:
- Staking. Users can stake KISHU tokens to receive staking rewards.
- International money transfers. Inter-wallet transfers, which have substantially cheaper transaction costs than traditional banking, can be used to transact Kishu Inu coins internationally.
- Loans. Kishu Inu tokens can be lent to others, this way generating an interest rate.
- A medium of exchange. Kishu Inu tokens can be traded on DEXs.
- Reward token. As mentioned above, a percentage of KISHU tokens is rewarded for all transactions made using the token.
Tokenomics of Kishu Inu
The max supply of Kishu Inu tokens is 100 quadrillion. This means that the KISHU token has a deflationary nature. Thus, once the total supply reaches the maximum supply, the KISHU price might increase. Besides, the Kishu Inu crypto project has a burn wallet that is used to periodically buy back KISHU tokens and then burn them. This also adds to the deflationary nature of KISHU.
However, the KISHU price is still prone to change simply because the fluctuations of the crypto market tend to affect the prices of almost all crypto assets, including the Kishu Inu price.
