What is Kishu Inu?
Kishu Inu (KISHU) is a cryptocurrency based on the Ethereum blockchain that seeks to give users access to a decentralised DeFi ecosystem. KISHU allows users to exchange, store, and earn rewards from their holdings. Unlike other cryptocurrencies, KISHU is designed to be deflationary in nature, with a maximum supply of tokens capped at 500 million units.
This means that the total amount of KISHUs will decrease over time as they are burned when used in transactions or rewards programs such as staking and yield farming. Additionally, KISHU has been built with an incentive program to reward community members for actively participating in the ecosystem and contributing to its development.
How to buy Kishu Inu in Australia
The easiest way to buy Kishu Inu (KISHU) as an Australian investor with Australian Dollars is via the Gate.io platform. They are a secure and global cryptocurrency exchange that offer thousands of different cryptocurrencies, including KISHU. Follow the below steps to get started.
- Open a free account on Gate.io with your email address and create a password.
- Go to the 'Buy Crypto' tab, select 'AUD' as your currency and pick a method.
- Select 'USDT' as your cryptocurrency, input the amount of AUD you want to invest and press buy.
- Open the 'Trade' tab, go to 'Spot', find the 'KISHU/USDT' pair, input the amount you want to buy and tap 'Buy KISHU'.
Is it expensive to buy cryptocurrencies?
Cryptocurrency is not necessarily an expensive asset to purchase, however, you need to be aware that depending on the exchange you are buying from there may be extra fees associated with your transactions. For example, Gate.io charges a 0.0% trading fee on all transactions. Although it does offer free and instant deposits.
Should I buy the Kishu Inu (KISHU) token?
The decision to buy or not buy any cryptocurrency, including Kishu Inu (KISHU), depends on the individual's risk tolerance. It is important to always do your own research and understand all the risks involved before investing in any crypto asset. With that being said, it is important to note that cryptocurrencies are highly volatile assets with high potential for gains but also substantial losses.
Additionally, it is important to remember that Kishu Inu (KISHU) is an experimental project working in uncharted waters; if this fits within your risk profile then KISHU may be a good investment for you. However, if you are more conservative or risk-averse, then it may be wise to stay away from KISHU and focus on other more established cryptocurrencies. Ultimately, the decision is yours.
Kishu Inu (KISHU) is a popular cryptocurrency token built on the Binance Smart Chain network. It offers users the ability to earn passive income through transaction fees, and it can be easily bought with Australian Dollars via Gate.io.