Visitors to New York's Times Square may have noticed a new canine arrival occupying billboard space among the usual big-brand suspects like Spotify and Old Navy.
Following in the wake of meme success stories like GameStop and DogeCoin, Kishu Inu is a new dog-themed meme cryptocurrency that aims to help usher new entrants into the crypto space. According to its whitepaper, Kishu Inu is “on a mission to bring popular cryptocurrency concepts to the mainstream in one, easy to understand project."
Launched in April 2021, Kishu has already experienced significant growth and currently lays claim to a $2 billion market cap and more than 100,000 holders. In a notable departure from many new cryptocurrencies, Kishu is a fully community-owned project with no tokens allocated to its development team.
According to the whitepaper, the $KISHU token features a built-in redistribution mechanism that sends 2% of every transaction to existing token holders to reward the Kishu community.
Kishu has also announced its 'Kishu Swap' decentralized exchange powered by Uniswap, an upcoming 'Kishu Paw Print' application for token statistic tracking, and a 'Kishu Crate' NFT marketplace, in which $KISHU holders farm limited-edition NFTs by staking their tokens. In June 2021, Kishu will also launch its 'Kishu Swag' merchandise line for community members looking to take their fandom to the next level.
This is not financial advice and is intended purely for informational purposes. For more information, head to Kishu Inu's website.