Kishu Inu
Crypto Overview
Project Overview
Kishu Inu is a meme-based cryptocurrency launched in April 2021 on the Ethereum blockchain, styled after the Japanese dog breed Shiba Inu, similar to Dogecoin and Shiba Inu tokens.
Intended Utility
The project claims to be a decentralized meme token with a focus on community building and NFT marketplaces. The stated utilities include: peer-to-peer transactions, NFT marketplace participation, and community governance.
Actual Utility Assessment
Current on-chain data and market activity suggest that KISHU is primarily used for speculative trading rather than its intended utilities. The NFT marketplace developments have been minimal, and governance implementation remains limited.
Token Distribution and Founder Analysis
The token launched with a fair distribution model where no tokens were pre-allocated to the team. However, the project has shown concerning patterns: marketing efforts significantly outweigh technical development, limited transparency regarding the development team, and inconsistent progress on roadmap deliverables.
Technical Implementation
The token operates as an ERC-20 token on Ethereum, implementing a 2% redistribution mechanism on transactions. While the smart contract has been audited, the technical development activity has been minimal since 2022.
Current Usage Patterns
Trading volume and holder data indicate that the token is primarily used for speculative trading rather than its intended utilities. The project's NFT marketplace and other promised features have seen limited adoption.
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”.
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