Kishu Inu (KISHU) is a digital currency that was inspired by the creation of Dogecoin and other dog-based meme coins. It can be traded, staked to earn rewards, or used to purchase non-fungible tokens (NFTs) on the Kishu Inu marketplace. The Kishu Inu token can be purchased on a decentralized crypto exchange.
- Kishu Inu (KISHU) is a dog-themed cryptocurrency inspired by popular meme coins Dogecoin and Shiba Inu.
- KISHU tokens can be traded on decentralized exchanges.
- KISHU tokens are used to power and secure the Kishu Inu blockchain.
- KISHU tokens are used on the Kishu Inu exchange, NFT marketplace, and rewards platform.
How to Buy Kishu Inu (KISHU)
Step 1: Find an exchange
KISHU can be purchased on a decentralized exchange (DEX), such as Uniswap. Uniswap is a cryptocurrency-only exchange, meaning you will need to connect your digital wallet and use crypto to purchase KISHU. The KISHU ecosystem also includes a DEX called Kishu Swap, where users can purchase KISHU tokens.
Step 2: Purchase ETH to swap
To purchase KISHU, you will need to purchase Ethereum (ETH) and transfer it to your digital wallet. The ETH will be used to exchange for KISHU and to pay Ethereum network fees for the transaction. You can purchase ETH on a centralized crypto exchange, such as Coinbase or Gemini.
Step 3: Transfer ETH to digital wallet
When you purchase ETH, you will need to transfer it to your Ethereum compatible digital wallet (such as MetaMask wallet) to use with a decentralized exchange. Most exchanges allow you to withdraw your coins by inputting your digital wallet address and transferring the coins off the platform. There may be network fees to withdraw your tokens.
Always ensure that you transfer your coins to the correct wallet address and that your wallet supports the coins. If not, your funds may be lost.
Step 4: Connect digital wallet to decentralized exchange
To connect your digital wallet to a decentralized exchange (such as Uniswap or Kishu Swap), you will need to ensure that your wallet supports the Ethereum network. You will also need to have a balance of ETH tokens to pay for the network "gas fees" when purchasing KISHU on the exchange.
Step 5: Trade ETH for KISHU
When you have connected your digital wallet to the exchange, you can now execute the trade. Select the KISHU token, select the amount of ETH you want to trade, and confirm the details. When you are sure of the order details, confirm the trade, and you will purchase KISHU. You will be charged a fee paid in ETH to process the transaction.
You will now have KISHU in your digital wallet.
Is KISHU a Good Investment?
KISHU can be purchased for fractions of a penny and has a supply of coins at 100,000,000,000,000,000 in total. But is it a good investment? Though KISHU (like all cryptocurrency) is a speculative investment, here are some things to consider before investing in KISHU:
- KISHU reached an all-time high of about $0.000000017547 per coin in May 2021, and it is currently priced at about $0.000000000639 per coin. This is a loss in value of about 96%.
- KISHU does have some utility on its decentralized exchange and non-fungible token (NFT) platform, but there is very little trading volume compared to more popular meme coins.
- KISHU has major competition with Dogecoin and Shiba Inu, as well as dozens of other dog-themed cryptocurrencies.
What Is Kishu Inu (KISHU)?
KISHU is a digital currency that was inspired by the creation of Dogecoin and other dog-based meme coins. The founders launched the currency in 2021 as an Ethereum-based token, and the project even purchased billboards in Times Square to promote the coin. The KISHU ecosystem consists of a decentralized exchange, an NFT marketplace, and a liquidity pool (through Uniswap). KISHU holders can also earn rewards by staking KISHU tokens on the NFT platform, earning points that can be used to create new NFTs.
What Is a Digital Wallet?
A digital wallet (or e-wallet) is a software-based system that securely stores users' payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly with near-field communications technology. Users can also create stronger passwords without worrying about whether they will be able to remember them later. Digital wallets can be used in conjunction with mobile payment systems, which allow customers to pay for purchases with their smartphones. A digital wallet can also be used to store loyalty card information and digital coupons.
The Bottom Line
Kishu Inu (KISHU) is a digital currency that was inspired by the creation of Dogecoin and other dog-based meme coins. KISHU can be purchased on a decentralized exchange using Ethereum and a compatible digital wallet.
Investing in cryptocurrencies and other initial coin offerings (ICOs) is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs. Because each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author does not own Kishu Inu.