Kishu Inu: The New Dog to Kill Shiba?

The emergence of Dogecoin in 2013 started a new section of cryptocurrency, that is, Meme coins. Since 2013, a significant number of meme coins and tokens have been introduced, and they exist to date, and many others might be introduced in the future. Among a number of meme currencies in the crypto industry, one such cryptocurrency is the Kishu Inu token. 

What is Kishu Inu(KISHU)?

Inspired by the popular meme currency Dogecoin, Kishu Inu token is a cryptocurrency that symbolises the Kishu dog breed on its logo. It is a community-focused decentralised transactional network. Its token is called KISHU, an ERC-20 standard token operating on the Ethereum network. 

The project facilitates its holders and investors with rewards, Non-Fungible Tokens (NFTs), Merchandise, swapping etc. Kishu Inu aims to introduce its token holders to the world of NFTs, participation rewards, decentralised exchanges and a lot more.

A factor that differentiates the project is that it is entirely community-owned, and the developers don’t reserve anything for the team; they rely on donations. The smart contract of the Kishu Inu token successfully passed the security audit carried out by Certik and Techrate, increasing the community’s confidence in the ecosystem’s transparency. Supporters and enthusiasts have even called Kishu Inu to be Doge’s elder brother. 

The official account of Kishu Inu recently highlighted that the KISHU Inu token is now accepted as a payment mode on certain eCommerce platforms like WooCommerce, PrestaShop, ZenCart, shopware, etc. 

A Backstory of KISHU

An anonymous developer team interested in meme coins like Dogecoin launched Kishu Inu in April 2021. And the creators do not hesitate to accept that Dogecoin inspires KISHU. The coin gained immense popularity quickly with its strong marketing campaigns. Though it came out to be another meme currency, the creators aren’t really joking in the market. They have expanded this cryptocurrency quite well, with the token having its DEX, NFT marketplace, Merchandise store, etc. Plus, it has official validation and recognition in the crypto industry and carries out dealings and transactions through KISHU Inu tokens.

Kishu Inu token set a milestone by surpassing $2 billion market cap and more than 100,000 holders within the first month of its launch.  

Components of the Kishu Inu

• Kishu Paw Print: Kishu Paw Print is an app where the investors and holders can track their Kishu tokens and their rewards and incentives from KISHU usage, wallet balance, current token values, etc.

• Kishu Crate: This is the official Non-Fungible Tokens (NFTs) marketplace of the Kishu Inu ecosystem. Users can stake their KISHU tokens to access rewards and unique digital items. The collectables are featured by digital artists who can regularly participate in contests on the platform.

• Kishu Swag: This is a merchandise store operated by an ownerless and transparent Non-Profit organisation. The revenue from this platform directly goes to the further development of the Kishu Inu platform and community.

• Kishu Swap: Kishu Swap is the project’s Decentralised Exchange (DEX), where the users can swap among the several ERC-20 tokens. Kishu Swap is powered by one of the largest and secured DEX Uniswap. 

• Kishuverse: This is the collection of 8,888 unique NFTs of the Kishu Inu ecosystem, available on one of the largest NFT marketplace, OpenSea. 

• KISHU Inu token: KISHU is the token for the Kishu Inu ecosystem, facilitating transactions on this crypto project. KISHU Inu tokens have a maximum supply of 100 quadrillions. For every transaction, 2% is distributed to the token holders. Hence the activeness of the community is directly proportional to the rewards they earn. Kishu is available on some of the significant exchanges in the crypto industry. Kishu Inu tokens have around 250,000+ token holders currently. 

KISHU holders can earn and add earnings to their wallets by staking the tokens. They can even provide loans to other users on the network and receive interest. Via the inter wallet transfer, the tokens can be transacted across international borders charging much lower fees than the traditional finance systems.  

Roadmap of Kishu Inu

The Kishu Inu ecosystem has five phases of its roadmap as yet. The first four phases are already completed and had varied goals like listing, expansion of holders and telegram members, etc. These phases are::

Phase 1- Launch

Phase 2- Growth

Phase 3- Expansion

Phase 4- Utility

Phase 5: This phase is still in progress and plans to have a Kishu Inu Charity Foundation, Tier 1 CEX listings, etc. 

How to buy Kishu Inu Token?

• Getting a Wallet: The first step in initiating to buy Kishu Inu tokens is to download a wallet like MetaMask or TrustWallet.
• Use your Ethereum address on the wallet. 
• Purchase Ethereum (ETH) on a cryptocurrency exchange like Binance, depending upon your research. They can be bought on the MetaMask wallet also. 
• Send Ethereum from the exchange to your MetaMask or TrustWallet.
• Copy and paste Kishu Inu’s address on your wallet. 
• You can go to the Kishu Swap DEX, where you can swap ETH for KISHU Inu tokens. 

Before starting to buy Kishu Inu tokens, thorough research about the crypto exchanges should be done, like the specific requirements, market pairs, transaction fees, etc. 

Where to Buy Kishu Inu Tokens?

Investors can trade Kishu Inu tokens on major cryptocurrency exchanges like Kishu Swap, Gate(dot)io, UniSwap, BiKi, Hotbit, Poloniex, etc.  

Kishu Inu Price Prediction

At the time of writing, the Kishu Inu token is trading at a price of $0.000000001319. It stands at 2943rd position by market cap, which is $128,230,894.

The crypto industry is volatile and often witnesses Price predictions from various entities. PricePrediction made one such Kishu Inu Price Prediction to reach $0.00000004. Whereas Wallet Investor made a Kishu Inu price prediction that the token would hit $0.000000003 this year. 

Although these Kishu Inu token price predictions would prove to be precise or not is something to look at in the future. But it would be interesting to see if the Kishu Inu token and its ecosystem can make a significant position and gain popularity among the meme currencies like Dogecoin and Shiba Inu. 

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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