Kishu Inu
Crypto Overview
Overview
Kishu Inu is a meme cryptocurrency launched in April 2021 on the Ethereum blockchain, created in the wave of dog-themed tokens following the success of Dogecoin and Shiba Inu.
Purpose and Utility
The project initially launched with plans to develop a decentralized exchange (Kishu Swap), NFT marketplace, and play-to-earn games. The token was designed to function as the native currency within this ecosystem.
Current utility primarily centers around trading and serving as a medium of exchange, though development activity appears minimal in recent periods.
Business Model Analysis
The token operates on a straightforward model of peer-to-peer transfer and trading. There is no lending, interest-bearing, or gambling components built into the core protocol.
Development and Adoption
While the project's initial launch saw significant activity, recent development appears limited. The token maintains active trading on several decentralized and centralized exchanges.
Token Distribution
Initial token distribution included no pre-sale, with tokens being distributed through public trading. There is a 2% tax on transactions that gets redistributed to holders.
Revenue Model
The project does not involve interest-based revenue mechanisms or activities prohibited under Islamic law. Revenue generation is primarily through trading activity and potential appreciation of token value.
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.