Ryoshis Vision

Overview

Ryoshis Vision (RYOSHI) is an ERC-20 token launched on the Ethereum blockchain in 2021. It was created as part of the Shiba Inu ecosystem but operates independently.

Purpose and Utility

The stated purpose of Ryoshis Vision is to serve as a decentralized currency and utility token within its ecosystem. The project aims to develop various use cases including NFT gaming, music streaming platform, and decentralized exchange integration.

Current Usage

The token is primarily used for trading and as a medium of exchange. The project has developed some basic utility through NFT launches and partnerships with music artists, though adoption remains limited.

Business Model and Development

The project maintains active development with regular updates to their roadmap. The team has implemented token burning mechanisms and rewards for holders. While marketing is prominent, there is evidence of ongoing technical development.

Token Distribution

Initial token distribution included a fair launch with no pre-sale or team allocation. 50% of the total supply was burned at launch, with additional regular burns implemented through transactions. This structure suggests a relatively fair distribution model.

Platform Activity

Development activity is moderate, with regular updates to the ecosystem. The project maintains active social media presence and community engagement. While utility features are still in development, there is consistent progress on roadmap items.