By Shelly Melancon (Switzerland)
One of Binance Smart Chain’s BEP20 token, Kaiken Inu, has announced its listing on the Hotbit exchange is scheduled for August 2, 2021. The Kaiken ecosystem is friendly and tightly knit. The token inspiration was based on the success of the Shiba Inu and Doge tokens and the support from Elon Musk.
There is already a governance system in place in the Kaiken Inu ecosystem, and part of its objective is to support dog shelters. Hence, there is a certain portion of the Kaiken token supply given to dog homes monthly. The Kaiken community feels the need to give back to the dogs because these dogs are the inspiration behind this token.
Part of the announcement also reveals that the Kaiken NFT marketplace will soon be launched, and it will allow Kaiken community members to trade NFTs. The Kaiken community can earn passive yield through token staking as there are 405 million tokens allotted for staking.
Also, the Kaiken team is already making efforts to launch the Kaiken token on a decentralized exchange platform. Hence, various projects can use the Kaiken Inu token for their launches, while there will also be an increased likelihood of partnerships using the token.
Kaiken Inu Plans
The Kaiken Inu token supply is limited to 1 billion, and it plans to maintain the low token velocity through a burn schedule. The ecosystem’s token structure and the roadmap for the project are detailed in the press release.
Also read:Fresh and innovative tokens like the Kaiken Inu adds a new perspective to the ever-dynamic crypto market. Apart from hoping to be the most utilized coins on the Binance Smart Chain, the Kaiken token is also for dog enthusiasts who now have a way to help dogs globally.
Binance CEO Wants Binance To Be “Licensed Everywhere”
In response to recent compliances issues facing the exchange giant in different regions, Changpeng Zhao, Binance founder, and CEO, has revealed the plan to move the exchange forward. Recently, regulatory bodies from other countries have issued a warning notice to Binance alleging that it doesn’t have the requirements to operate as a financial institution in their countries.
Some countries that have issued warning notices to the exchange include Germany, Lithuania, Cayman Islands, the UK, and Japan. Zhao recently told the media his plans to have a better working relationship with regulators. Hence, he’s already seeking approval from various regulatory bodies and would soon establish a regional headquarter to become a centralized financial entity.
Zhao also commented on widespread reports that he plans to cease becoming the company’s CEO. He tweeted, “there is always a contingency plan for any role here at Binance, including my position. Also, I believe that there should be a specific tenure for CEOs—probably five or, at most, ten years.
Our world is now dynamic, and we need to be evolving all the time. We are always looking for my replacement.” However, he clarified that “I am not leaving soon, and there is no plan for another person to take my position yet.”
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