Let’s be honest, the world of cryptocurrency is very unpredictable. You can’t understand what happens next and you can’t even predict the price of tokens you own. Especially when a new cryptocurrency is introduced in the market, there are lots of risks associated with it. But no matter what, if you are a crypto enthusiast, you have to take risks…
Kishu Inu is also one of the new cryptos that were inspired by the creation of a famous Dogecoin and different dog-related meme coins like Shiba Inu.
You can simply trade these tokens on decentralized exchanges. These tokens are excellent enough to secure the Kishu Inu blockchain.
However, if you really want to invest in them, then it’s recommended to get complete details. Once you purchase it, you can even use this on reward platforms and other NFT marketplaces.
So, let’s find out what makes this token unique and what are the risks associated with it.
What is Kishu Inu Coin?
Before we get into more details, it’s important to know what exactly is Kishu inu coin so you can easily invest in it by having complete information.
Kishu inu is basically a meme token. Its mission is to bring some famous cryptocurrency concepts into the market so that more and more people can understand them. Thus, it provides rewards to all the token holders. You can use it on a decentralized crypto exchange as well as NFT marketplaces. This makes Kishu inu a useful token for all the holders.
What Makes the Coin Unique?
Kishu Inu follows the concept of taking 2% of each transaction and then distributing it among all the token holders who use their decentralized wallets. Let’s suppose, that if a person sends 1,000,000 KISHU, then remember that 20,000 of the tokens will be directly sent to the holders.
This means that you are earning good rewards for having KISHU tokens. But you will also be required to pay only a 2% fee on every transaction. That’s not only about this token, several tokens follow the same concept. The only difference they have is, the total percentage they take after every transaction.
The reward system of this token is one of the most unique features that set it apart from other cryptos. However, it’s not a new thing. This is also a big issue with such kinds of meme tokens. The difference between them is – the name, as well as the cartoon image, exists on the official website.
So, if you want to earn rewards and are ready to pay 2% on every transaction, then Kishu Inu is definitely a go-to token to choose.
Does the Token Have a Good Number of Partners?
Well, we cannot say that right now.
There are not plenty of companies that decided to become a partner of the Kishu Inu coin. And this is not surprising. The reason is, that it is a very small cryptocurrency. However, it still found some random assortment of partners.
For example, Kishu Inu became an NFT partner with the ByBit crypto exchange in 2022. Now based on this announcement, this was the first meme token that released their NFT collection on ByBit.
Another partner is Travala.com, which is a crypto-friendly travel agency. It started to accept Kishu Inu payments in August 2021. People who own the KISHU tokens can easily book travel on the official website of the agency.
Living Vogue Real Estate is also a popular real estate agency in Sarasota, Fla., which announced that they are ready to accept payments in Kishu Inu in June 2021.
EthereumMax is also a partner of Kishu Inu, which is not much reliable company. Because the company has been considered a pump-and-dump crypto scam. Not only that, but many celebrities have sued for the promotion of this company.
Kishu Inu Helps You Make a Good Passive Income
Another positive aspect of Kishu Inu coin is, that you can easily earn passive money with Kishu Inu in your wallet. This is the main feature of this coin that attracts a lot of potential investors. Whenever there will be a transaction, you will receive “reflections,” which will be a share of your 2% transaction fee.
But there is one problem, the passive income will be paid in KISHU coins.
You will be able to earn good money if the price of this token is steady or gets increases. When it offers too little on your investment, the coin isn’t worth buying for any purpose or venture.
Is that a Good Investment?
According to many investors, Kishu Inu is not an ideal place to put all your money. In fact, many people believe that it’s a terrible investment as well as an outright scam that aims to capitalize on the dogecoin hype.
There are lots of warning signs that tell Kishu Inu is not a good place to invest. According to investors, it doesn’t have real-world utility or any unique functionality. It doesn’t offer any competitive advantages over other coins.
But the fact is, investing in any cryptocurrency is risky. You need to consider all the risks and understand every factor before putting your money.
Kishu Inu is only good for investment if you want to earn rewards on different platforms. You can hold the coin in your wallet, and earn unlimited rewards with a very little transaction fee.
How to Buy Kishu Inu Coin?
Kishu Inu is very easy to buy.
If you want to buy Kishu Inu, you need to buy another cryptocurrency first. And for this, Ethereum is a great choice. When you purchase it, you need to transfer it to the crypto wallet called Metamask.
After that, visit any decentralized crypto exchange and then connect your wallet. You can even use Kishu Swap for this. Add the amount you want to trade, and then finalize your transaction.
Conclusion
Overall, Kishu Inu is not a bad choice to consider. It is good for rewards. If its price is steady, it can help you earn a handsome amount. However, there are other options as well. If you want to invest in any crypto, make sure you visit our blog page and understand everything about all the tokens before investing.
