Since the beginning of the cryptocurrency craze, meme coins such as Dogecoin, Shiba Inu, and others have gained significant traction. The price volatility of these digital currencies has proven to be an extremely lucrative opportunity for investors and speculators.
Even though Kishu Inu is still a relative newcomer to this space, its native coin KISHU has already made its way into thousands of investors' crypto wallets.
Let's learn more about it.
What Is Kishu Inu (KISHU)?
Kishu Inu is a meme coin with a dog concept. It features a decentralized exchange (DEX), incentive mechanisms, and non-fungible tokens (NFTs). Its primary objective is to increase knowledge about cryptocurrencies to hasten their adoption by the general public.
An NFT marketplace, a DEX, and a liquidity pool hosted on Uniswap make up the Kishu Inu ecosystem. The KISHU cryptocurrency tokens can be bought, sold, and traded using any major crypto exchange. You can also get them by participating in a staking system.
Participants in the KISHU ecosystem can generate new NFTs and buy, sell, and trade existing ones. Its appearance resembles other well-known meme coins, such as Dogecoin, Baby Doge Coin, Kabosu, and others.
Kishu Inu differentiated itself from other meme currencies in several significant respects and was developed to carry out a particular task. It is distinctive in that the Kishu dog breed serves as its logo.
What Makes Kishu Inu Unique?
Kishu Inu's innovation is that it takes 2% of each transaction and distributes that money among the people who hold its tokens using decentralized wallets they control.
For instance, if someone contributes one million KISHU, then twenty thousand tokens will be distributed to the wallets of people who currently possess tokens.
You will be required to pay a fee of 2% on any transactions that you conduct using your own KISHU tokens, but in exchange for possessing KISHU tokens, you will effectively earn rewards. Other crypto tokens perform the identical function, with the sole distinction being the percentage deducted from each transaction by the respective token.
The most noticeable aspect of Kishu Inu is the fee/rewards system, which, despite its prominence, is a relatively recent development.
How Does Kishu Inu Work?
Kishu Inu is a decentralized cryptocurrency that operates on the Ethereum blockchain. It is designed to be a community-driven project focusing on improving the overall user experience of cryptocurrency.
Like other cryptocurrencies, Kishu Inu uses blockchain technology to facilitate transactions and maintain a secure and decentralized network. The Kishu Inu network is maintained by a community of users who help validate transactions and secure the network through a process known as mining.
One unique aspect of Kishu Inu is that it has a deflationary mechanism built into its smart contract. This means that a portion of every transaction is automatically burned, which reduces the overall supply of Kishu Inu over time. As the supply decreases, the value of each Kishu Inu token may increase, assuming demand remains constant or increases.
Kishu Inu also strongly focuses on community engagement and has launched several initiatives to encourage user participation and support. This includes regular community events, social media campaigns, and a charity fund to support various causes.
Is Kishu Inu Coin a Good Investment?
At this time, purchasing any form of cryptocurrency should be considered an investment in speculation. However, a stockpile of KISHU tokens can be obtained for a few cents, meaning the risk of making a tiny investment is negligible. At this time, a KISHU token's value is a long way from where it was at its all-time high, and there is a chance it will fall even further.
On the other hand, the loss might be insignificant if this occurs. In the same vein, even if the price continues to soar, the amount of money you stand to make over the next few years may be negligible. Despite this, if you plan to hold onto your tokens for a more extended period, you will have a better chance of seeing an increase in their value over time, resulting in further incentives.
Where to Buy & Sell Kishu Inu Coin?
CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including KISHU, users can now trade easily and seamlessly. Here's a guide on how to buy KISHU on CoinEx.
- To access CoinEx's services, register for an account by clicking "Register". Existing users can log in.
- After logging in, deposit funds into your CoinEx account using one of the supported cryptocurrencies or deposit methods supported by the exchange.
- After depositing fiat or cryptocurrency, go to the KISHU trading page, choose a trading pair, and specify the amount of KISHU to purchase.
- To buy KISHU tokens, choose the appropriate trading pair, specify the desired quantity of KISHU, and trade the paired token for KISHU.