For a long time, meme coins have been criticized for not having any utility and actual value. The new meme-coins take this assumption into consideration and try to design new solutions which would actually bring utility to users. Kiba Inu is a meme-coin that seeks to provide its holders with an extensive selection of use cases. As a result, Kiba Inu is an asset which is rapidly growing in popularity and is held by thousands of people. If you want to learn more about Kiba Inu and discover all of its benefits, check out this article. Additionally, you can start featuring Kiba Inu payments using NOWPayments.
Key points:
- Kiba Inu is building a decentralized ecosystem.
- KIBA payments are fast and borderless.
- NOWPayments assists companies in accepting KIBA.
What is Kiba Inu?
KIBA basics
Kiba Inu is a meme-coin which is building a diverse ecosystem consisting of numerous products. KIBA is the ticker symbol of the coin. Kiba Inu exits on the Binance Smart Chain and Ethereum. Moreover, it has a bridge between the two networks allowing holders on both sides to transfer their coins across both blockchains. KIBA powers all of the main elements of the Kiba Inu ecosystem.
KIBA swap
Kiba Swap is the native decentralized exchange of the Kiba Inu project. It provides users with access to multichain compatibility. The exchange offers support for Binance Smart Chain Network and Ethereum network, where Kiba tokens exist.
KIBA bridge
Kiba bridge provides interoperability enabling $KIBA holders to switch between chains with ease. The bridge was built by the Kiba Inu team in collaboration with Moontography.
KIBA honey pot checker
The Kiba Honey Pot Checker is a tool which tests smart contracts that needs to be verified. The test is run via a code alerting the user if the smart contract is indeed a honey pot or a scam. It also indicates the buy and sell tax of the smart contract. Kiba Honey Pot checker can be applied to both Binance Smart Chain and Ethereum Blockchain.
KIBA gains
Kiba gains is a tracker that helps users to monitor their portfolio and allows them to conveniently track their earnings. The tool integrates a custom-built dashboard that also shows the current balance.
KIBA tools
$KIBA holders also have exclusive access to the Kiba tools suite. It offers launch pad-like services directly within Kiba Swap, with features such as minting new tokens, liquidity locks, token locks, Initial Coin Offerings.
Pros and cons
Pros
Liquidity
Kiba Inu’s main advantage is that it is readily available for purchase. Since there is Kiba Inu Exchange, users can get their KIBA coins instantly. Essentially, KIBA remains accessible for investors at any moment. This means that you will not have any problems getting hold of Kiba Inu coins.
Multi-chain
Another cool feature of Kiba Inu is its multi-chain model. Basically, investors have a choice which type of the KIBA token they wish to have. For instance, BSC KIBA transactions will have lower fees and will be faster than the Ethereum ones.
Cons
Sell tax
KIBA’s key disadvantage is the sale tax of 12% which is automatically imposed on users that sell their Kiba Inu. This may be a source of a considerable inconvenience if you wish to sell your Kiba Inu coins.
Competition
Additionally, there is an issue of competition from other meme-coins. Although every meme-coin is unique in its own way, at the end of the day, they all compete for the same audience. At the same time, higher competition forces meme-tokens to innovate, so it can have a positive effect on the adoption of KIBA and its development.
Benefits of Kiba Inu payments
Privacy
Businesses can yield many benefits when using Kiba Inu payments. For instance, KIBA transactions are private which makes it a perfect anonymous payment solution for companies. KIBA transactions are peer-to-peer, so they involve only two parties. This protects the confidentiality of the financial information of the sender and the recipient.
International payments
KIBA transactions are borderless. Essentially, they do not have any geographic limitations. People can send and accept Kiba Inu as long as they have Internet access. Companies that want to facilitate international money transfers for their clients can utilize Kiba Inu as a borderless payment method.
Community
Kiba Inu, as the majority of meme-coins, has a tight-knit community of investors who massively support their favorite coin. Businesses using KIBA payments can provide the coin’s community with a chance to use their coin as an actual payment solution and exchange their tokens for products and services.
Speed
KIBA transactions, in addition to being borderless, are also quite fast. For example, if users choose to utilize BSC to send KIBA, their transaction will take mere minutes. Moreover, KIBA transaction speeds remain stable no matter how long the distance between the transaction parties. This is why KIBA can be employed by companies as a fast payment option.
How to accept Kiba Inu
NOWPayments offers several solutions for featuring KIBA payments. Online businesses can employ special plugins compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware. Plugins automate all payments and let companies get Kiba Inu payments.
Companies can issue crypto invoices or utilize a virtual Point-of-Sale terminal. Such tools enable merchants to manage all their crypto payments. They also can feature subscription-based crypto payments.
Charities, bloggers, and non-profit organizations can use donation widgets, buttons, and links to accept KIBA donations.
Conclusion
Kiba Inu is a project bringing utility to the meme-coin world. NOWPayments provides solutions for accepting Kiba Inu as payment.