With the growing interest in the crypto market, there are more and more new projects that attract attention. Some of them, such as meme coins, have long been criticized as having no utility or real value. Projects such as Dogecoin and Shiba Inu gained popularity but still need to solve the existing grievances regarding meme coins.
However, new meme coins that appear on the market are trying to consider existing problems and develop new solutions that benefit users. So, among all this pack of shitcoins, you can find real gems that can help the crypto community and restore faith in the meme-coins. One is the Kiba Inu crypto project, attracting attention lately. In today’s article, we’ll discuss Kiba Inu, how the project works, and what benefits it offers.
Kiba Inu Explained
Kiba Inu is a relatively new community-driven project that was released at the end of 2021. Interestingly, it is named after one of the supporting Naruto anime characters - Kiba Inuzuko. His devotion to his comrades distinguishes this character and pure-hearted, and it is these qualities that the Kiba Inu project seeks to embody.
Since, as mentioned, crypto meme coins do not have any value, the developers of Kiba Inu set themselves the goal of becoming a useful ecosystem for the crypto community. Thus, the Kiba Inu team has already launched a KibaSwap DEX with several exceptional features that distinguish it from competitors. In addition, the project team has already released a unique collection of Kiba NFTs, which you can find on the Kiba Inu website. “Kiba Inu is restoring integrity to meme coins by building the safest Dex, KibaSwap already includes our swap, KibaFomo, Homeypot Checker, KibaTools, and KibaReports.” - KibaInu.
Kiba Inu Coin
Kiba Inu is a community-driven ERC20 token that reflects a strong and courageous community willing to grow together. One ofthe Kiba token’s main goals is growth and recognition worldwide. Also, $KIBA is a native token of the Kiba Inu ecosystem.
The KIBA tokens are located in two of the most popular networks at once, the Ethereum and the Binance Smart Chain, allowing maximum utility and flexibility and the ability to switch sides. Thus, in collaboration with Moontography, the project team has developed an ETH-BCH bridge with which users can transfer their KIBAs in an easy and fast manner.
In addition, according to the world’s largest listing platform to find New Crypto Projects Early “Coinvote,” $KIBA is in the top 10 meme-coins with the highest social engagement.
As of April 25, 2023, the Kiba coin ($KIBA) price is $0.000003487. According to MarketCap, “Kiba Inu, 24-hour trading volume, is $35,542.20 USD, and a maximum supply is 1,000,000,000,000 KIBA coins.”
Where To Buy Kiba Coin?
If you want to buy Kiba Coin at the current rate, you can use cryptocurrency exchanges like Gate.io, Uniswap, Hotbit, and MEXC. You can also go to the Kiba Inu website and explore all the options to buy KIBA. If you need detailed instructions on buying Kiba Inu, you can check it out on the MEXC Global website.
What Is KibaSwap?
Kiba Swap is a multi-blockchain decentralized exchange of the Kiba Inu project, where users can conduct transactions with both ETH-based and BSC-based tokens. To use the exchange, you need to connect your web3 wallet. There is a choice of MetaMask, Coinbase Wallet, Fortmatic, and Portis on the official website. Users can also use the WalletConnect protocol to connect to their favorite wallets. When connecting a wallet, make sure that you use the network you need. In addition, using the “Bridge” button, you can swap your tokens from one network to another at any time.
The exchange is an automated market maker (AMM) based on the Uniswap protocol. With the help of KibaSwap, users can swap tokens, create liquidity pools, and track statistics using the KibaChart tool. This tool allows traders to easily track token indicators such as price, 24-hour volume, market cap, number of transactions, price changes, and so on without using third-party platforms. In addition, the Swap tab displays the congestion of the selected network and allows users to subscribe to notifications when the congestion becomes optimal for performing transactions.
Moreover, this exchange provides other features that can be useful to traders. It’s also worth mentioning that the KIBA holders can only use these functions. Below we will explore the main ones:
This function is a token tracker that allows traders to keep up to date with the latest developments. With the help of KibaFomo, traders can track recently listed tokens in such networks as Ethereum, Binance Smart Chain,Avalanche, Polygon, and others.
Kiba Inu was the one who recognized the serious need for a security system for investors and managed to solve it by creating their honeypot checker. It is important to note that you must be a KIBA token holder to use it. Thus, Kiba HP Checker is a feature used to protect user funds. With this feature, traders can check the reliability and security of a smart contract and ensure there are no risks to trading with it. “Kiba’s honeypot checker works with contracts listed on Binance Smart Chain and the Ethereum network.” - NewsBTC.
KibaGains is a handy tool that allows users to build their Crypto portfolio. A specially designed dashboard lets traders see their balance, income, and other key indicators. This decentralized application is comfortable and makes life much easier for investors.
As mentioned earlier, the interaction between the Ethereum and Binance Smart Chain networks is provided by KibaBridge, built by the Kiba Inu and Moontography project teams. It gives KIBA token holders the ability to transfer funds between chains.
Kiba Tools is a unique set of tools only available to KIBA token holders. It offers features such as access to the launchpad, lock liquidity, creation of new tokens, initial coin offerings before launch, and more.
Kiba Inu Tokenomics
As said, the KIBA token exists in two networks, Ethereum and Binance Smart Chain. The maximum supply of tokens is around 2 trillion units, that is, one trillion in each network. Each network has its market capitalization. In addition, the circulating supply in each network may vary due to the burning of tokens. Thus, more than 94 billion KIBA have been burned on the Ethereum network. Likewise, more than 185,4 billion tokens have been burned in the Binance Smart Chain.
After migrating the project to another more efficient smart contract, the fee model of KibaSwap has changed. According to the official statement, users are no longer required to pay tax on wallet-to-wallet transfers and the transfer of tokens from one network to another. However, the network’s fees still must be paid.
The official document also states that Kiba Inu does not charge users additional fees when purchasing tokens. Thus, investing in KIBA is as simple and accessible as possible. “When selling Kiba Inu, a 1% treasury tax is collected to support the project’s development and growth. This tax is added to the 500k stabled funds treasury, which can be used for buybacks and marketing efforts.” - Medium.
In addition, 5% of KIBA is sent to the liquidity pool. It is also important to note that 0.25% of this tax is burned to reduce the total supply of KIBA tokens over time. Now, in both Ethereum and Binance Smart Chain networks, more than 17% of the tokens have already been burned, which also helps to increase their value. Most of the collected fees are used to promote the project, including the development of internal tools and team payouts.
The Kiba Inu team provided a concise and clear roadmap consisting of three phases. The goals set in the first phase have already been successfully achieved: the launch of DEX, partnerships, listing on some major exchanges, and so on. To date, the project is in the second phase of development, during which it has already been possible to conclude a partnership with European Cricket and launch KibaTools. At the end of the second phase, the number of KIBA holders is expected to increase to 40 thousand, and the token will also undergo the listing procedure on other reputable exchanges.
In addition, the developers plan to launch a Play-to-Earn gaming metaverse and a new 3D NFT collection. “We are excited to announce that the Kiba game will soon be available on the Epic Store.” - KibaInu. In the future, the project team intends to launch a charity initiative supporting non-profit organizations worldwide.
Kiba Inu is the meme-coin project that intends to break the template and provide maximum utility. At first glance, Kiba Inu is, in many ways, a repeat of the well-known Shiba Inu. However, the Kiba Inu ecosystem includes a decentralized exchange, has already launched NFTs, is announcing a game soon, and plans to launch a charity initiative. Thus, Kiba Inu has advantages that can help it break into the lead, especially considering that he is already in the top 10 meme projects with the highest level of community involvement.
Disclaimer: Notum does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Cryptocurrency is subject to market risk. Please do your own research and trade with caution.