Meme tokens have introduced the concept of decentralized finance to millions with playful mascots such as the infamous Dogecoin, Shiba Inu, and now Kiba Inu. Inspired by Naruto’s Kiba Inuzuka character, Kiba Inu currently boasts over 33,000 investors and has developed an array of tech utilized by holding $KIBA tokens.
What is Kiba Inu?
The phenomena behind the rapid rise of meme tokens like Dogecoin and Shiba Inu influenced thousands of novice investors that had no prior understanding of decentralized finance to participate. Millions of dollars poured in, and with that massive influx of liquidity came malicious actors seeking to take advantage of vulnerabilities in the developing space.
Kiba Inu’s mission was borne out of frustration that the meme space was becoming clogged with “honeypot” tokens that lock and inevitably rob the funds of unwitting investors. A “honeypot” is when an individual allows investors to buy into a smart contract but does not allow those investors to sell their tokens, thus locking their funds and allowing the developer to drain the remaining liquidity to their wallet.
HoneyPot Checker
Kiba Inu’s Honeypot Checker allows users holding $KIBA to input any smart contract to run their code to alert the user whether that smart contract is safe or compromised. Safeguarding funds is a core KIBA principle and showcases their intent to restore the meme space’s integrity.
Kiba Swap
Kiba has built an in-house decentralized exchange for investors on the Binance Smart Chain and Ethereum network. By doing so, Kiba aims to become the go-to for investors seeking out new tokens rivaling competitors like Dextools and PooCoin. Metrics of their Kiba Swap released this week by Kiba Inu showcase their substantiated claims of a growing community. Over the past 30 days since launching Kiba Swap, 4000 users have used the platform, 1100 of those just in the last week. Out of those 4000 users, there have been a total of 91 countries represented, reinforcing the argument that there is a global demand for meme tokens.
Kiba Inu’s Sponsorship of the European Cricket League
Kiba Inu has debuted its massive sponsorship with the European Cricket League by showcasing its logo printed across the uniforms of all 30 participating National Champions. The European Cricket League consists of 29 nations competing for six weeks, ensuring that Kiba receives global exposure. The sponsorship of all 30 participating National Champions Clubs’ jerseys is now the world record for most shirts sponsored by a single organization at an event. Smashing this world record is noteworthy for any organization, especially a meme token created in late October.
As the crypto space evolves, it demands that projects offer more than short-lived hype. Meme tokens are often rivaled by competing tokens with similar monikers, but projects with longevity provide its investors with cutting-edge utility and eye-catching partnerships.
KIBA INU can be purchased using the Binance Smart Chain, the Ethereum Network, and at the time of writing is valued at 11m on CoinMarketCap.
Stay informed with Kiba Inu:
https://twitter.com/KibaInuWorld
Email: info@kibainu.space
References:
https://twitter.com/KibaInuWorld/status/1490839237335396354?s=20&t=VExN6zz_5vDHeDMqXk7gYg
https://coinmarketcap.com/currencies/kiba-inu/
Media Contact
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Country: United States
Website: https://linktr.ee/KibaInuOfficial