What Is Tenshi (TENSHI)?

Tenshi describes itself as a decentralized project driven by the community. According to the whitepaper, Tenshi denotes a complimentary token to the Kishu Inu ecosystem and does not have any shareholders, owners, managers, promoters, directors, marketers, or other figures or entities. The smart contracts of Tenshi aim to be permanent, open-source, security audited, and non-modifiable in any way. According to the website, Tenshi seeks to provide fair usage to the complete project and reward its token holders via advanced tokenomics and a reward plan, including earning just by holding the Tenshi token. Tokenomics can be concluded as the study of the economics of the token. Further, the platform seeks to use Tenshi for charity work where the community can choose which charitable organizations directly receive donations from the Kishu Inu project.

TENSHI is the governance token of the Tenshi platform. This token is an ERC-20 standard token that operates on the Ethereum blockchain. One of its essential technicalities includes a decentralized usage of rewards mechanisms. The token holders under this mechanism relish 2% rewards in Ethereum on each active user’s transaction. Further, the token has been distributed 2% each to the buyback and burns, marketing and development, and ecosystem operation. Furthermore, rewards are only applicable to decentralized wallets, fostering a healthy distributed network and active engagement of the community.

History of Tenshi (TENSHI)

Tenshi was launched in July 2021. As per the whitepaper, the Tenshi platform has achieved several milestones: in phase 1, after the launch in July 2021, the network revamped the contract, listed the token on various exchanges, and established a burn and awareness wallet. Token burn is when users can remove tokens from circulation, which lowers the number of tokens in use. The maximum total supply of Tenshi is set as 1 billion tokens.