Kishimoto (old): The Cryptocurrency for Anime Fans

What is Kishimoto (old)

Friends, imagine a digital world created especially for those who love anime and manga, where you can not only appreciate art but also participate, and even earn some “digital rewards” through your passion—how cool is that? Kishimoto (old) is such a project: a cryptocurrency project based on blockchain technology, inspired by the famous Japanese manga artist Masashi Kishimoto, the creator of Naruto. The project aims to pay tribute to this manga master and build a unique ecosystem for anime fans and digital artists worldwide.

Simply put, Kishimoto (old) targets anime and manga fans, as well as artists who want to showcase and trade their works in the digital world. It’s like an online “anime village,” with a dedicated art gallery (NFT marketplace), a bazaar for free item exchange (decentralized exchange), and even a “secret passage” to protect privacy (VPN service).

In this “anime village,” artists can turn their digital manga works into unique digital assets—NFTs (non-fungible tokens)—and display and sell them in the marketplace. Regular anime fans can participate in building the community by holding Kishimoto (old) tokens, and even voice their opinions on the project’s future direction.

Project Vision and Value Proposition

Kishimoto (old)’s vision is to build an ecosystem based on the Ethereum blockchain that empowers the anime community. Its mission is to provide a platform for digital manga artists to showcase their works, and to give token holders decision-making power over the future development of the anime token, thereby achieving community autonomy. Imagine, you’re not just a spectator of anime, but one of the rule-makers in this anime world!

The core problem this project aims to solve is to provide an open and rewarding trading environment for anime art and digital assets. What sets it apart from similar projects is its combination of ERC-20 token economic incentives, NFT artistic expression, and decentralized trading liquidity, attempting to build a self-sustaining blockchain anime ecosystem. Additionally, it emphasizes community-driven development, hoping to advance the project through the power of the community.

Technical Features

The Kishimoto (old) project mainly runs on the Ethereum blockchain, and its token is an ERC-20 token. To make participation easier for more users, it has also built bridges to other blockchain networks (such as Binance Smart Chain BSC, Fantom, and Avalanche), meaning you can use Kishimoto (old) tokens across different chains.

The project’s ecosystem includes several core components:

• NFT Marketplace: This is a digital art gallery where artists can mint their digital manga works as NFTs and display and trade them.
• Decentralized Exchange (DEX): This is a digital asset trading platform where users can swap project-approved tokens and earn additional rewards by staking their tokens.
• Kishimoto NINJA VPN: The project also plans to develop a virtual private network service called Kishimoto NINJA VPN, designed to provide users with anonymous and secure network connections.

Additionally, Kishimoto (old) introduces a transaction tax mechanism. Each token transaction incurs a 10% tax, which is automatically distributed by smart contracts: 2% is redistributed to existing token holders (“reflection” or “dividends”), 3% is used to increase liquidity (making trading smoother), and the remaining 5% is used for project marketing activities.

Tokenomics

The core of the Kishimoto (old) project is its token, symbolized as KISHIMOTO.

• Issuing Chain: It was initially issued as an ERC-20 token on Ethereum, but to improve compatibility and reduce transaction costs, it also supports circulation on Binance Smart Chain (BSC), Fantom (FTM), and Avalanche (AVAX) via bridging technology.
• Total Supply: Kishimoto (old) had an initial total supply of 100 quadrillion tokens.
• Inflation/Burn: To control supply, about 52% of the tokens have been burned. Additionally, as mentioned earlier, part of the 10% transaction tax is used to increase liquidity, indirectly reducing circulating supply. The project also has a token called Katsumi, and each sale of Katsumi tokens incurs a 5% fee used to buy back and burn Kishimoto tokens, creating a continuous burn mechanism.
• Token Utility: KISHIMOTO tokens play multiple roles in the ecosystem:
  • NFT Trading: Users can use KISHIMOTO tokens to buy and sell digital artworks in the NFT marketplace.
  • Staking: Holders can stake their tokens to earn rewards.
  • Governance: Token holders have the right to participate in community governance, voting and making decisions on the project’s future direction.
• Token Distribution and Unlocking: Although the whitepaper does not detail the initial token allocation ratios and unlocking schedule, the 2% in the transaction tax mechanism is directly distributed to existing holders as a continuous reward mechanism.

Team, Governance, and Funding

Regarding the core team members of the Kishimoto (old) project, public information does not disclose specific individual names, but the project team is referred to as the “core team” and “developers.” Notably, although the project is named after and inspired by manga artist Masashi Kishimoto, it is not directly associated with the artist himself.

The Kishimoto (old) project places strong emphasis on the community-driven concept. This means the project’s future direction and major decisions will largely be determined collectively by KISHIMOTO token holders through voting and other means. This decentralized governance model aims to give community members greater influence.

In terms of funding, the project supports its operations and development through its unique tokenomics. For example, the 10% tax on each transaction allocates 5% to marketing and 3% to liquidity. Additionally, the project has held staking events to attract and reward community members, such as two staking events in November and December 2021, distributing large amounts of Kishimoto reward tokens and Saitama tokens. These mechanisms together form the project’s funding sources and incentive system.

Roadmap

Since its launch, the Kishimoto (old) project has gone through several important development stages and plans:

• Q4 2021:
  • Social Media Establishment: The project launched social media channels in Q4 2021 and began interacting with the community.
  • Kishimoto Token Launch: The Kishimoto token had a “stealth launch” on October 18, 2021.
• November 2021:
  • First Staking Event: A 10-day staking event was held, distributing 550 trillion Kishimoto reward tokens to participants.
• December 2021:
  • Second Staking Event: A 60-day staking event was held, distributing $1 million worth of Saitama tokens to participants.
• Future Plans (Completed or In Development):
  • NFT Marketplace: Develop an NFT marketplace for digital manga artists as one of its core utilities.
  • Decentralized Exchange (DEX): Build a platform for trading approved tokens and provide staking functionality.
  • Kishimoto NINJA VPN: Plan to develop a unique VPN platform offering anonymous and secure network connections.
  • Community Building and Audits: The roadmap also includes community building, security audits, and centralized exchange (CEX) listings.

Common Risk Reminders

When learning about cryptocurrency projects like Kishimoto (old), it’s important to stay clear-headed, as the crypto world is full of opportunities but also considerable risks. Here are some common risk reminders:

• Technical and Security Risks:
  • Smart Contract Vulnerabilities: Although the project claims liquidity is locked for 100 years, the smart contract itself may have undiscovered vulnerabilities that could be exploited, leading to loss of funds.
  • Cross-Chain Bridge Risks: Since the project supports multi-chain bridging, cross-chain bridge technology may also have security risks and be a target for attacks.
• Economic Risks:
  • High Price Volatility: As a cryptocurrency, Kishimoto (old)’s price is highly susceptible to market sentiment, news events, macroeconomics, and other factors, and may fluctuate sharply or even go to zero in a short time.
  • Liquidity Risk: Some information indicates that Kishimoto (old) may be difficult to buy on major exchanges or may have low trading volume, meaning you may have trouble buying or selling quickly, or face high transaction costs.
  • Project Activity and Updates: Some data platforms show that Kishimoto (old)’s price data may have stopped updating, which could indicate declining project activity or lack of maintenance, posing a “dead project” risk.
• Compliance and Operational Risks:
  • Regulatory Uncertainty: Global cryptocurrency regulations are still evolving, and future policy changes may negatively impact project operations and token value.
  • Team Anonymity: The core team members’ identities are not disclosed, which increases uncertainty and risk to some extent.
  • Meaning of “Old Version”: The “(old)” in the project name may suggest a new version exists or the project has been iterated; the old version may no longer be officially supported or maintained, and its value may further decrease.

Please remember, the above information does not constitute any investment advice. Always conduct thorough independent research (DYOR) and carefully assess your own risk tolerance before making any investment decisions.

Verification Checklist

If you’re interested in the Kishimoto (old) project and want to verify information further, you can try the following methods:

• Block Explorer Contract Addresses:
  • Ethereum (ERC20):
    0xf5b1fd29d23e98db2d9ebb8435e1082e3b38fb65
  • Binance Smart Chain (BEP20):
    0xCAb599d699f818e6cefd07cf54f448dab9367605
  • Fantom (FTM):
    0x8B6663725D7e7368B01EeFdDc16Be085e492498E
  • Avalanche (AVAX):
    0x8b6663725d7e7368b01eefdde16be085e492498e

  You can copy these addresses into the corresponding block explorers (such as Etherscan, BscScan, etc.) to check token holder counts, transaction records, liquidity status, and more.

• GitHub Activity: Currently, no official GitHub repository link or activity information for the Kishimoto (old) project was found in search results. Typically, an active GitHub repository reflects the development team’s work status and code update frequency.
• Official Website/Social Media: Try to find the project’s official website and social media (such as Twitter, Telegram, Discord, etc.) to learn about the latest project announcements, community discussions, and development progress.

Project Summary

Kishimoto (old) is a cryptocurrency project themed around anime and manga, aiming to pay tribute to Naruto’s creator Masashi Kishimoto and build a blockchain-based ecosystem for anime fans and digital artists. Through its NFT marketplace, decentralized exchange, and planned VPN service, it seeks to combine anime art with blockchain technology, providing a platform for digital asset creation, trading, and community interaction.

The project uses the ERC-20 token KISHIMOTO and supports multi-chain circulation. Its tokenomics design includes a 10% transaction tax to reward holders, increase liquidity, and promote marketing, along with a token burn mechanism. The project emphasizes a community-driven governance model, hoping to let token holders decide the project’s development through participation.

However, as a cryptocurrency project, Kishimoto (old) also faces challenges such as price volatility, insufficient liquidity, uncertain project activity, and regulatory risks. In particular, the “(old)” in the name may indicate it is an early version or no longer active. Therefore, anyone considering participation is strongly advised to conduct thorough independent research, fully understand project details and potential risks, and always remember this is not investment advice.

For more details, please research independently.