I stumbled on the token a few weeks ago. I didn’t think much of it. Let me tell you a little secret about me, I belonged to the category of people that turned their noses up, when an ‘Inu’ named token is mentioned. All that changed after I read this story.
I’m going to be reviewing Kishimoto Inu, to find out, if it is a safe investment consideration. Or if it is a deadly rug pull waiting to happen.
But before I proceed, here’s a beautiful disclaimer, you must know.
First, I’m not a banker or a financial expert. I will not be held responsible for your financial decision or indecision. This article is just a guide. I’m not here to promote or disparage any coin, hell, I don’t even know their creators. I consider my analysis to be objective and fair. If you are not satisfied with the things I say, you can always do your own research.
With that said, lets Go!
When I am investigating a new token, the below are the things I look out for.
Developers behind the project
What people are saying about the
(If you are a frequent reader of this website or my writing, you should know this already)
Before we dive into the website, let’s have some perspective. Here’s a little history’ of Kishimoto Inu, according to coinmarketcap.com
“Kishimoto Inu is an upcoming Anime & Inu based Token on the ERC20 Network (Ethereum). It was launched on the 18th October, 2021, between 6–10 pm EST. Their vision is to be a medium for Anime transactions, meaning that by holding our tokens you will gain access to unique benefits. The purpose of Kishimoto is to over-perform all other existing cryptocurrencies with our smart coding that benefits loyal holders. We will be building an exclusive, self sufficient NFT marketplace where you can buy and sell NFTs with your Kishimoto tokens. Tokens will be attainable through our Swap, which we will have more details on soon.”
I like the directness of this token. This brief history certainly arouses interest. Let’s get down to business.
Kishimoto Inu’s Website
Kishimoto Inu’s website is probably the neatest website on the internet. Elegant and classy. The Website grabs and keep your attention, until you have read every letter on it. It is just amazing to see.
The website is SSL secured, meaning it safe from internet pirates. The color combination is aesthetically pleasing to the eye. Its like a piece of art. I’m not exaggerating people, here’s the link
Letters on the website are legible and easy on the eyes. The descriptions are straight to the point. Personally, I think the website placed more emphasis on it tokenomics. Which basically, is this,
“In every transaction 2% goes to redistribution, 3% goes to Liquidity Pool and 3% will be allocated to marketing wallet”
That means you’ll being paying 8% tax for every buy and sell you conduct with Kishimoto Inu. This tokenomics encourages holders to hold.
Kishimoto inu’s total supply was initially 1 trillion, but 50% was burned, while the remaining 50 is in circulation. This is however inconsistent with the the below which notes that 52% had been burned, while 48% is in circulation.
Kishimoto Inu’s WhitePaper
I must admit, the white paper is the most interesting white paper I have ever read. I’m not a manga boy. But damn! That’s some good copy writing and illustration. I’m not going to explain anything about the white paper, it is clear what it stands for. If you haven’t seen it, you can download it here. I however have to highlight, some important things, because, this is a review.
1. The white paper claims the liquidity pool is locked. Which we will verify.
2. The Kishimoto token is inspired by a the founder of naruto, Masashi Kishimoto.
3. The token is sort of niched down to anime lovers. And it seeks to reward artistic and illustrative talents.
General observation, the idea of this token is almost exactly like Gogeta Inu’s. (Yea, I have reviewed Gogeta Inu). The only difference is, while Kishimoto is yet to come up with it DEX, Gogeta Inu already has it’s on native Ginyu Swap.
Market Cap and Liquidity Pool
According to Dextools.io, Kishimoto Inu has a total Market Cap of $42,527,830 and a fully diluted Market Cap of $85,055,660 (as at the time of writing ). This is super impressive, as it suggest investors are buying and holding this token in large quantities. It rated highly on the platform as well.
I went through the audit report which the Techrate published. It confirm that the code in the smart contract is safe.
Here’s techrate’s report, it’s available for download.
The liquidity pool is locked for 2 years. This minimizes the chances, investor’s money will be rug pulled. Here’s a link you could use to check it yourself.
The Developers behind Kishimoto Inu’s
The developers of kishimoto inu are, unfortunately not doxxed. This is the only ‘blemish’ the token has. By my standards, this is a red flag.
What people are saying about the token
On twitter, the energy I get is that of optimism. The coin had had a rough week apparently. But the community is confident in the potentials of the token.
On YouTube, people are calling it the next Saitama Inu. There’s literally no bad words for the token.
This token is legit obviously, and is seriously undervalued right (as at the time of writing. I like the fact it doesn’t describe itself as memecoin. It has a good road, the developers are seemingly work hard to make it one of most well known tokens in the market. This token has a lot of potentials.
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