Partnerships
There aren't a lot of companies that have chosen to partner with Kishu Inu, which isn't a surprise given that it's one of the smaller cryptocurrencies. It has, however, managed to find a somewhat random assortment of partners.
Kishu Inu announced an NFT partnership with the ByBit crypto exchange in April 2022. According to the announcement, Kishu Inu is the first meme token to release an NFT collection on ByBit.
Travala.com, a crypto-friendly travel agency, began accepting Kishu Inu payments in August 2021. Holders can use KISHU tokens to book travel on the agency's website.
Living Vogue Real Estate, a luxury real estate agency in Sarasota, Fla., announced that it would accept payments in Kishu Inu and EthereumMax (CRYPTO:EMAX) in June 2021.
EthereumMax isn't exactly good company, though. It's been described as a pump-and-dump crypto scam, and several celebrities have been sued for promoting it.
Can I make passive income with Kishu Inu?
You earn passive income simply for holding Kishu Inu in your crypto wallet, and it's one of the main features of this cryptocurrency. Every time there's a transaction, you'll receive “reflections,” which is your share of the 2% transaction fee.
The problem is that this passive income is paid in KISHU tokens. You're only making actual money if the price of Kishu Inu remains steady or increases. Considering how little it has to offer as an investment, Kishu Inu isn't worth buying as any sort of money-making venture.
Unique risks
The interesting thing about Kishu Inu is that it looks strikingly similar to multiple meme tokens released around the same time period. Here's a quick breakdown of the tokens and the timeline:
- Kishu Inu came first, launching on April 17, 2021, and branding itself as Doge's "brother." It takes a 2% transaction fee and uses that to reward holders.
- Kabosu launched on May 10, 2021, and calls itself the "official CEO of Doge." It takes a 10% transaction fee and uses 5% to reward holders.
- Baby Doge Coin launched on June 1, 2021, and mentions its "meme father, Doge." It takes a 10% transaction fee and uses 5% to reward holders.
They all have similar websites and writing structures. Kishu Inu and Baby Doge Coin even use nearly the exact same slogan -- "Little meme. Big dream" for Kishu Inu and "Baby Meme. Big Dream" for Baby Doge Coin.
It's hard to believe that the similarities are all just a coincidence. The most likely explanation is that the same person or group made all three. In a sense, they were throwing different meme token ideas at the wall to see if one would stick.
