Dog-inspired meme coins are all the rage now. They weren’t taken seriously at the beginning but, after endorsements by big names like Elon Musk, Snoop Dogg, and Mark Cuban, meme coin projects became very popular, particularly the first-ever Dogecoin and its successor Shiba Inu. These two coins are among the top 20 cryptocurrencies by market cap at the moment.
Thanks to the surge of these two coins, other dog-themed coins also catch the eye. A recent addition to the craze is the Kishu Inu coin. It launched in April 2021 and uses a Japanese dog breed as its mascot. While the Shiba Inu project positions itself as a Dogecoin killer, Kishu Inu calls itself “Dogecoin’s Big Brother.” Just like the Shiba Inu project, the Kishu Inu coin founders didn’t allocate any coins for themselves, so it’s a completely decentralized community-owned project.
Since the project has launched there have been attention-grabbing advertisements on the billboards at the New York Times Square and Dubai’s Burj Khalifa. The project was also advertised by the football players Ronaldinho Gaúcho and Marcelo Vieira.
Kishu Inu has already completed many short term targets announced on the whitepaper:
- Coingecko and Coinmarketcap listings
- Website launch
- Marketing campaigns
- Listings on centralized cryptocurrency exchanges
- 50,000 Telegram members
- Influencer awareness partnerships
- An NFT marketplace
- Wallet tracker
- Merchandise store
The project runs on the Ethereum blockchain. The main utility token of the project is $KISHU which is an ERC-20 token with more than 250,000 holders. The smart contract of $KISHU has been audited by Certik Security Audit and Techrate Security Audit, which means it’s secure and safe. The max. token supply is 100 Quadrillion $KISHU. The total market cap is given as $218M on the official site. The 24-hour trading volume is more than $5M at the time of writing.
$KISHU token has a built-in redistribution mechanism. For every transaction, active users receive a 2% $KISHU reward to their decentralized wallets. This mechanism foster increased community involvement and a healthy distribution ecosystem because the hold-and-earn reward style is preferable for many crypto investors. The project plays a positive role in increasing the mainstream adoption of cryptocurrencies in this way. As described on the project’s website, the mission of KISHU Inu is to bring popular cryptocurrency concepts to the mainstream.
The project issued another token called $TENSHI, also an ERC-20 token, to support the price stability of $KISHU. The total supply will be 10,000x less than that of $KISHU, i.e. 1 trillion tokens. Taxes will be added to the tokenomics of $TENSHI which users will use to buy some $KISHU back from the market and then burn it. Per each transaction, 8% tax will be added, 2% of which will be devoted to the burning mechanism. This is necessary to reduce the number of circulating $KISHU tokens since there are so many. The remaining 6% of the tax will be used as marketing and operational expenses and for redistributing tokens as rewards.
Kishu Inu Ecosystem
The project ecosystem consists of a decentralized exchange, an NFT marketplace, an app to track token statistics, and a merchandise line for community members to support the project.
- Kishu Swap
Kishu Swap is the Kishu Inu’s official decentralized exchange (DEX) powered by the world’s largest DEX Uniswap. You can use it to swap ERC-20 tokens for $KISHU. As of writing this article, swapping with ETH, DAI, KISHU, SHIB, TENSHI, USDC, USDT, WBTC, and WETH is possible.
- Kishu Crate
Kishu Crate is the project’s NFT marketplace where WETH holders can farm limited-edition NFTs by staking their tokens. After connecting their wallet to Kishu Crate, users first choose which farm to stake WETH tokens in. By locking their tokens, they earn points. After earning enough points, users can redeem and create their own NFTs.
There are three different farms where users can create NFTs with varying degrees of rarity; common, rare, and legendary. The number of the maximum points you can earn per day depends on the farm chosen. It’s one point in the common farm, 5 points in the rare farm, and 10 points in the legendary farm.
Recently, Kishu Inu has entered the Metaverse realm as well. It’s called Kishuverse and it features 8,888 unique NFTs.
- Kishu Paw Print
With the Kishu Paw Print app users can track their $KISHU token usage statistics in real-time, such as total balance, current USD value, and rewards earned from redistribution. It’s in the beta phase.
- Kishu sWAG
Kishu sWAG is the projects’ merchandise store. It’s managed by a non-profit organization and any proceeds from the sales will be used to support the project’s growth and upcoming features.
Where and How to buy Kishu Inu Coin
There are many ways and places you can buy Kishu Inu coin.
On Kishu Swap
The first alternative is swapping which is the process of exchanging one cryptocurrency for another. You can swap ERC-20 tokens for $KISHU on the official Kishu Swap DEX.
- If you don’t have a Metamask account, first create it on metamask.io.
- Fund your Metamask account with ETH.
- Go to Kishu Swap and choose the cryptocurrency which you want to swap for $KISHU. You have many options, including stablecoins like DAI and USDT. When the $TENSHI token will be up and running, it’ll be possible to swap it for $KISHU as well.
- Enter the amount of the ERC-20 token you want to swap for $KISHU and complete the order.
On Coinbase
Another place to swap ETH for KISHU is coinbase.
- First download the Coinbase wallet, if you don’t already have one.
- Send ETH to your Coinbase wallet.
- On the trade tab of the Coinbase wallet app, you can swap ETH for KISHU.
- Enter the ETH amount you wish to exchange for KISHU.
- Follow the instructions to complete your purchase.
On Guardarian
Another Kishu Inu partner is Guardarian. On Guardarian, it’s possible to purchase directly with more than 50 fiat currencies, like EUR and USD, using various payment methods like VISA, SEPA, Mastercard, and Union Pay.
- Choose the fiat currency you prefer to buy with.
- Enter the amount you want to spend.
- On the drop-down menu, select KISHU from the cryptocurrencies list.
- Select the payment method you wish to make the payment, such as Visa and Mastercard.
- Next, enter your $KISHU wallet address and your email. For SMS verification, your should also provide your phone number.
- After entering the SMS code and giving the details of your payment method, you can finalize the purchase.
While buying $KISHU on these platforms, keep in mind that gas fees can be very high. This video explains gas fees in the cryptocurrency world:
On Cryptocurrency Exchanges
You can buy $KISHU on the following third-party crypto exchanges:
The process is similar on every exchange
- First, create an account on the exchange in which you wish to buy $KISHU.
- Fund your account with a widespread cryptocurrency, like ETH, or USDT.
- Go to the trading page where you can trade the corresponding pair. For example, if you’ve funded your balance with USDT, on Gate.io you should go to these KISHU/USDT. Similarly, on Okex, you should go to this page.
If you’d like to change the pair, you can do so on the drop-down lists.
- Enter the amount of $KISHU you wish to buy into the buy tab of the trading page and complete your order.
Kishu Inu Coin Price Prediction
Kishu Inu isn’t even one year old and some partnerships have already taken place. GiftChill, a service that enables purchasing of gift cards with cryptocurrencies, accepted $KISHU as a payment method, after the additions of Dogecoin and Shiba Inu.
You can already trade $KISHU on many cryptocurrency exchanges. But it isn’t yet listed on some big exchanges like Binance and Kucoin. New partnerships and listings announcements are expected for 2022. Any addition to a new major crypto exchange will be a great catalyst for the price increase.
The launch of the Paw Print app can increase the number of wallets that use $KISHU. Because it’ll be possible to track transactions in real-time. This will help deal with the credibility issue that all meme coins have and convince more people to invest in the project.
The team can use the earnings from the NFT platform to invest in the project.
Kishu Inu team organizes many charity events which strengthen community involvement.
All these factors will affect the price positively.
Furthermore, the price can benefit from endorsements of other dog-inspired meme coins, because generally if one meme coin’s price rises the others follow. In the past, Dogecoin and Shiba Inu prices skyrocketed repeatedly after Elon Musk’s tweets. Kishu Inu may enjoy similar supports from influential people in the blockchain space.
But, keep in mind that, like any speculative and highly volatile currency, it’s very hard to predict where exactly the price of Kishu Inu will be in a year. Apart from what the project achieves itself, future growth will also depend on various general factors, such overall cryptocurrency market situation and Ethereum 2.0. developments.