I got wind of Kawakami token some months ago. The token appeared and disappeared, Kawakami has appeared and it is pumping like hell in this rather-ranging market. The token has pumped over 700% within the last 24%, according to data from coinmarketcap.com.
Today, I have decided to run a review of Kawakami. The objective of this review is to discover if Kawakami is a legit token, or whether is another dressed-up scam like many meme coins out there.
So, if you are one of those looking to invest or maybe you have an interest in Kawakami token. This review was written with you in mind.
But first, I’m not a banker or a financial adviser. I will not be held responsible for your financial decisions. It is important to verify or fact-check the things you got from this review and make your conclusions. This article is just a guide. Consider it entertainment.” Without further ado, let’s begin.
What is Kawakami Token?
According to the token’s description on coinmarketcap.com, Kawakami is the decentralized ecosystem for meme projects fueled by the $KAWA token. Even though the team is taking the lead on development, it acts as a decentralized autonomous organization. The aim is to create a fully-fledged ecosystem for meme tokens with a line of powerful tools and products enabling investors to make educated decisions, as well as facilitate the launch of early-stage meme projects.
Now, let us look at the token’s website.
Kawakami’s website is well made in my opinion. It doesn’t look hurriedly put together like the ones of most meme coins. The description begins with a big headline.
“The most powerful toolkit for meme tokens. Visionary technology fueled by the KAWA token”
The token introduced kawatools in the next section of the website. According to the website, (They) “are building a fully-fledged ecosystem not just for Kawakami, but for the whole meme coin space”. The website further went on to say that, the Kawakami token ecosystem is a powerful product suite with all the tools a meme token investor needs, from real-time price charts to anti-rug security alerts and early-stage gems. It is however important to establish that, all the project scheduled to launch in the Kawakami ecosystem has not been launched.
Kawakami On Tokensniffer
On tokensniffer, we find out that Kawakami token’s contract is rated 65%, which, honestly is an above-average rating. According to the contract reviewing platform, Kawakami was rated 65% because the contract contains ownership functionality, and ownership is not renounced which may allow the creator or current owner to modify contract behavior (for example: disable selling, change fees, or mint new tokens). There can be legitimate reasons for not renouncing ownership, check with the project team for such information. Another area of concern is the liquidity lock time frame. Although 95% of Kawakami token is locked in Unicrypt, the liquidity is due to be opened 12days from now. This is a red flag. Aside from these, the token is in perfect condition.
Developer Behind Kawakami Token
Information gotten from the website says The owners of this token are known. According to the website, Andrej Kovacevic, is the founder and a crypto entrepreneur, and a small business owner with over 10 years of experience in digital marketing industry. Another member of the team, Michael Synan,
the Project Manager, is a long-time server admin, philosophy nerd, and JPG collector. There are others, however, I’ll stop here. I highly doubt the realness of these characters. Some of the profiles I saw looked illegitimate.
What Investors are Saying about Kawakami Token
Through isthiscoinascam.com, we saw a comment from 2021 that suggests initial investors were not pleased with the token. The comments read.’Scam, they stole all money’.
In conclusion, although the token looks great. D There are a lot of things that make this token suspect. The token has been in existence for close to a year now. Yet, it hasn’t delivered on any of its promises. Again, this token doesn’t have a white paper. This subtly shows a lack of seriousness. The website, although great, gives a shabby explanation of the project. Lastly, the liquidity lock is expiring in 12 days. This Investing in this token is very risky. Nothing seems to be happening, around the token, even after almost one year. It is important to know that this token, for some reason, just migrated to another contract.
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