Kishu Inu
Crypto Overview
Project Overview
Kishu Inu is a community-focused, decentralized cryptocurrency launched in April 2021 on the Ethereum blockchain. It was created as a meme token inspired by the Shiba Inu dog breed, following the success of similar tokens like Dogecoin and Shiba Inu.
Intended Utility
The project claims to focus on creating a decentralized ecosystem for community engagement and NFT marketplace development. The token was designed to serve as a medium of exchange within its ecosystem and claims to reward holders through a redistribution mechanism where 2% of each transaction is distributed among existing holders.
Actual Utility Assessment
Currently, KISHU primarily functions as a tradable digital asset on various cryptocurrency exchanges. The project has developed some basic DeFi functionalities and an NFT marketplace called Kishu Crate, though activity appears limited. The token maintains real utility as a tradable digital asset with clear ownership rights and transfer capabilities.
Token Distribution and Transparency
The initial token supply was 100 quadrillion KISHU tokens. While detailed information about current token distribution is limited, there is no evidence of significant founder token concentration or suspicious vesting arrangements that would indicate a scheme to enrich founders.
Development and Marketing
While marketing has been a significant focus for the project, this approach is common among meme tokens and doesn't inherently conflict with Islamic principles as long as the underlying asset maintains legitimate utility and ownership transfer capabilities.
Crypto Impact
To assign a comfort level investing in Kishu Inu from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Kishu Inu.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.