What is the issuance and circulation of KISHU coins?

With its 1 trillion initial supply, KISHU's issuance and circulation strategy aims to create a deflationary mechanism through token burns and automatic staking.

Oct 06, 2024 at 11:47 pm

Issuance and Circulation of KISHU Coins

1. Issuance

Initial Supply: 1,000,000,000,000,000 KISHU
Presale:
- April 2021: 50% of initial supply sold at $0.00000001 per KISHU
Public Sale: Remainder of initial supply sold on decentralized exchanges

2. Circulation

Current Circulating Supply: 494,888,646,808,430 KISHU (as of December 2023)
Burned Tokens: Approximately 50% of initial supply has been burned according to the tokenomics
Listing on Major Exchanges:
- May 2021: KISHU listed on Gate.io
- October 2022: KISHU listed on Binance

3. Token Distribution

Presale Participants: 50%
Liquidity Pool: 20%
Marketing and Operations: 15%
Charity: 10%
Team and Advisors: 5%

4. Tokenomics

Deflationary Mechanism: 2% transaction fee is distributed as follows:
- 1% burned
- 1% added to liquidity pool
Automatic Staking: KISHU holders receive daily rewards in KISHU for holding their tokens in their wallet

5. Use Cases

Meme Coin: KISHU began as a meme coin based on the popular Shiba Inu dog breed.
Community Governance: KISHU holders can participate in community polls and voting to influence the future of the project.
Payment Token: KISHU has been integrated into various payment platforms, allowing users to purchase goods and services with KISHU.
NFTs: KISHU-themed NFTs have been released, allowing collectors to own digital artwork and participate in exclusive events.

Conclusion
KISHU coins have a well-defined issuance and circulation strategy that aims to create a deflationary mechanism and support long-term value appreciation. The coin has gained widespread circulation on major exchanges and has various use cases, including meme coin, governance token, payment token, and collectible NFTs. As the project continues to evolve, the issuance and circulation of KISHU coins will likely continue to adapt to market conditions and community feedback.

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