As mentioned on the website, REDKISHU combines the meme dog KISHU with the color RED. Red is the favorite color of Elon Musk, the absolute father of all meme tokens. REDKISHU is constructed with a clear objective to seek to create and maintain a sustainable and robust meme economy on the Binance Smart Chain (BSC). Besides this, REDKISHU is also about giving back to charitable organizations by seeking to share love and profits. The community picks the charity to donate to and aims to support good causes through democratic procedures.
REDKISHU is a deflationary token. Deflationary tokens are those whose supply is designed to decrease over time. That is to say, as time passes, the token's circulating supply decreases. The goal is to keep the market from becoming flooded with the token while increasing its value. To decrease the token supply, tokens are burned frequently by sending the tokens to an unusable or invalid wallet. Tokens can never be retrieved back from such wallets, and hence, the tokens are lost forever.
Furthermore, except for purchases, REDKISHU imposes transaction fees. The fees levied on all non-buy transactions are used to seek to reward and safeguard all REDKISHU holders. Holder incentives can help users aim to earn passive income by holding REDKISHU. Also, 100% of RedKishu liquidity is locked. Liquidity locking is an essential time-based mechanism that limits the token's movement. Hence, tokens can't be relocated or redeemed until the time limit is met once the restriction is in place. The locking of the tokens seeks to provide users more trust in the markets they are involved in because they know the market would exist in some form for at least the next X months.
Additionally, in the roadmap of this platform, REDKISHU has achieved many of its targets like launching the website, creating social media handles, getting listed on major exchange platforms, doing community contests and giveaways, etc. REDKISHU also seeks to launch Red Kishu Global Merchandise store, Red Kishu NFTs, Red Kishu DApp, and getting listed on centralized exchanges, etc.
