As a social media marketing expert who has promoted his fair share of viral content, I‘ve watched with fascination as meme coins like Dogecoin and Shiba Inu have exploded in popularity.
Riding on the coattails of Dogecoin mania, a new meme-inspired cryptocurrency called Kishu Inu (KISHU) has quickly captured the attention of internet communities.
In this step-by-step guide, you’ll learn how to buy Kishu Inu tokens so you can participate firsthand in its groundswell momentum.
The Growth of Meme Coins
Meme coins utilize themes centered around internet memes, jokes or dogs to rapidly gain attention and adoption.
According to CoinMarketCap, the total market capitalization of meme coins grew over 50x from $1 billion in 2020 to over $55 billion in 2021. Two major drivers of this growth were Dogecoin (DOGE) and Shiba Inu (SHIB):
- Dogecoin market cap: $88.8 billion
- Shiba Inu market cap: $20.9 billion
This phenomenal rise demonstrates the ability of memes to translate into real monetary value.
As a social media marketer, I look at meme coins as viral brands. Much like how corporations spend millions to create catchy and quirky mascots hoping for Internet stardom, meme coins let communities organically adopt icons that take on a life beyond just marketing.
Introducing Kishu Inu
Kishu Inu (KISHU) leverages the popularity of Dogecoin and Shiba Inu by adapting it for their own growth. Some standout aspects that fuel Kishu Inu‘s viral appeal:
- Adorable Shiba Inu dog mascot 🐶
- Catchy branding like $KISHU token ticker
- Punchy taglines like "Kishu cares"
- Mission to build their own ecosystem of apps and NFTs
As of March 2022, Kishu Inu boasts over 160,000 community members across their social channels:
- 93,000+ Telegram members
- 43,000+ Twitter followers
- 18,000+ Discord members
- 5,200+ Reddit members
This engaged community acts as evangelists, spreading awareness of the Kishu Inu brand. The end result is exponential audience growth.
Much like the frenzy over GameStop stock powered by Reddit forums, I believe meme coin communities can band together to will their coin to the moon too!
Why You Should Consider Buying Kishu Inu
Here are three compelling reasons why you may want exposure to Kishu Inu in your crypto portfolio:
1. Passive Income Potential
Kishu Inu employs a transaction tax system to reward existing coin holders.
Here‘s how it works:
- 2% of each Kishu Inu transaction is redistributed to all current holders
- 2% of each transaction is permanently burnt (removed from circulation)
Over $560+ million worth of KISHU has been burnt already. And with over 98,000+ transactions daily, existing holders earn rewards frequently.
This means just by holding KISHU tokens in a compatible wallet, you earn yield! Talk about easy passive income.
2. Growth Runway
As a relatively young project launched in 2021, Kishu Inu is still in the very early stages of adoption. Consider these promising signs of its growth potential:
- From a little-known token in 2021 to top 100 crypto token by market cap today
- Achieved a peak market cap of $2 BILLION in May 2021
- Ranked #3 most watched token on price tracking site CoinMarketCap behind only Bitcoin and Ethereum!
With increased visibility and integration on leading exchanges soon, Kishu Inu has ample headroom to expand over the coming decade.
3. Influencing the Ecosystem
As Kishu Inu transitions to more decentralized governance like other prominent cryptos, owning KISHU gives you voting shares akin to owning equity.
This means you will be able to influence decisions related to:
- Tokenomics changes
- Exchange listings
- Ecosystem fund allocations
- Development priorities
If you believe in the meme coin space, buying KISHU gives you part-ownership and a voice in a top project!
Step-by-Step Guide to Purchasing Kishu Inu
Here is an easy 8-step process for getting your hands on some KISHU tokens:
Step 1) Download Trust Wallet (Mobile Wallet)
As a multi-chain compatible wallet, Trust Wallet provides a secure and convenient option for purchasing and storing Ethereum-based tokens like Kishu Inu.
Download Trust Wallet from your device‘s app store:
Follow the setup guide to backup your wallet and passphrase. This will allow you to recover your assets if needed.
Step 2) Fund your Trust Wallet with ETH via Binance
To exchange for Kishu Inu, you first need Ethereum (ETH) deposited in your Trust Wallet.
The most cost-effective way to purchase ETH is through the Binance exchange, which charges a mere 0.1% trading fee.
Here is how to fund your Trust Wallet from Binance in 4 quick steps:
- Copy your Trust Wallet ETH wallet address
- Purchase desired amount of ETH on Binance
- Withdraw that ETH amount from Binance to your copied Trust Wallet address
- Ensure you select the ERC-20 ETH network for the withdrawal
Once the ETH arrives in your Trust Wallet (may take 5-30 minutes), you‘re ready for the actual KISHU purchase next!
Pro Tip: Try buying $50-100 worth of ETH to start since you‘ll need it for transaction fees too.
Step 3) Import KISHU Token to Trust Wallet
As Kishu Inu is currently not a default token in Trust Wallet, you need to manually add it to your wallet first to view your balance.
Under Settings, tap the + icon to add a custom token using the KISHU contract address from CoinMarketCap:
0x27C70Cd1946795B66be9d954418546998b546634
Toggle on visibility of the KISHU token. You should now see it on your main wallet view.
Step 4) Connect Trust Wallet to Uniswap DEX
Uniswap is a decentralized exchange built on Ethereum that allows you to easily swap ETH for ERC-20 tokens like KISHU.
To connect your Trust Wallet to Uniswap:
- Enable the DApp browser under Trust Wallet Settings
- Open the in-app browser and navigate to app.uniswap.org
- Tap Connect Wallet and choose Trust Wallet
You‘re now connected!
Note: A bright orange Connected text at the top confirms the active connection.
Step 5) Swap ETH for KISHU on Uniswap
Time for the actual swap!
On the Uniswap Trade page, perform the following:
- Select ETH as the From token
- Paste the KISHU token address into Select a Token search
- Enter the amount of KISHU you wish to buy
- Tap Swap
- Confirm details and swap in next popup
Pro tips:
- Use a gas price tracker to save on Ethereum fees
- Start with a small first purchase to get familiar
After a few minutes, your swapped KISHU will show in your Trust Wallet balance. Well done!
Step 6) Move KISHU to Secure Wallet
For optimal security of your new KISHU assets, consider transferring them into cold storage such as a Ledger or Trezor hardware wallet.
Unlike software wallets, hardware wallets store keys offline so they cannot be remotely hacked. For long term holdings, the added peace of mind is worth it!
To transfer KISHU to a Ledger, simply:
- Connect your Ledger to Trust Wallet
- Initiate send transfer of your KISHU to the Ledger ETH address
- Confirm details on Ledger device
For a detailed guide on setting up Ledger, read this. The same principles apply when transferring KISHU or any ERC-20 token.
And there you have it! You are now the proud owner of the trendy new meme coin Kishu Inu!
As an early adopter, you stand to gain lucrative rewards as the ecosystem expands. Any price upside will be boosted by token burning and redistributions to holders like yourself.
Make sure to also join the Kishu Inu social channels to qualify for airdrops and stay updated on the latest developments.
Who knows, we might be seeing Kishu Inu listed on Robinhood alongside Dogecoin someday! 🚀🚀🚀
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