How Kitsoonay will Emulate Fantom’s Scalability and Dogecoin’s Popularity

In one Japanese folklore, there is a story of a time when foxes lived amongst humans and learned their ways. The Kitsune (fox spirits) were friends and guardians to humans and foxes.

Bringing this folklore to a form of reality is the Kitsoonay (KITS) meme coin. Unlike the countless meme coins with no use cases, Kitsoonay will launch multiple functionalities in its ecosystem.

Also, these functionalities will be user-friendly, and newbies will learn how to use them from multiple tutorials Kitsoonay will provide.

Kitsoonay runs on Binance Smart Chain, a highly scalable blockchain network. As a result, the project will adopt the cheap gas fee and fast transaction throughput that Binance Smart Chain offers.

Meanwhile, to enlarge its community and enable elaborate DeFi functions, Kitsoonay will adopt more blockchain networks apart from Binance Chain. It plans to integrate with Ethereum and other leading industry blockchain networks.

Why you should be a part of the Kitsoonay project

Leveraging a convenient blockchain and an ever-growing community, Kitsoonay will build the following DeFi platforms:

Decentralized Exchange (DEX): Kitsoonay will create a web 3.0 crypto exchange platform. Through web 3.0, the exchange will allow users to swap cryptocurrencies and tokens without giving up control of the assets.

Unlike centralized exchanges, Kitsoonay Swap will not store your coins. It will remain in your crypto wallet until you authorize it to be swapped to another cryptocurrency. Therefore, losing your assets to Kitsoonay will not be an option.

1. Liquidity Farming: Kitsoonay Swap will also offer users the opportunity to earn by locking KITS tokens on the exchange.

As an Automated Market Maker, Kitsoonay takes advantage of the deep liquidity provided by vast users who will receive rewards for providing liquidity on Kitsoonay Swap.

Hence, traders will always have enough liquidity to exchange tokens on Kitsoonay Swap, and liquidity providers will also earn continuous rewards.

2. Decentralized Incubator: new blockchain projects need funding to build and sustain the startup. Therefore, Kitsoonay will create a decentralized crowdfunding platform that will provide fundraising facilities and advisory needs to blockchain startups.

Alongside these Defi platforms, Kitsoonay also plans to build a multi-chain bridge where users can convert a cryptocurrency from one blockchain network to another.

Kitsoonay Token (KITS)

KITS is the utility token of Kitsoonay and the primary asset within the ecosystem. It will also be available on multiple blockchain networks and the key to the vast array of Defi platforms that Kitsoonay will create.

Investors considering Kitsoonay a worthy investment can purchase KITS tokens during Kitsoonay's presale.

Kitsoonay (KITS) and Fantom (FTM) blockchain

Fantom is a blockchain network that provides fast payment speed, low gas fees, and security of crypto assets. It allows developers to create decentralized applications on its network using smart contracts that execute transactions without a third party.

Like Kitsoonay's multi-chain bridge, Fantom also allows traders to convert tokens from the Ethereum network to Fantom and vice-versa.

FTM is the native coin of the Fantom network. FTM is a means to settle gas fees when making a payment on the network. Moreover, Fantom secures its network by giving voting power to those who stake FTM.

You can earn up to 13% annual yield for staking FTM in Fantom's yield program.

Dogecoin (DOGE)

Dogecoin is the first meme coin created as a mockery of Bitcoin and blockchain technology.

However, contrary to the goal of Dogecoin's creator, the project succeeded. In 2021, Dogecoin reached the top-five cryptocurrencies by market cap. In fact, its market valuation almost exceeded that of Binance Coin (BNB).

There have been numerous misconceptions about Dogecoin. While some are untrue rumors, others result from traders' little knowledge of cryptocurrencies.

Consider three of these rumors about Dogecoin:

1. Dogecoin has no utility

2. The project has no developers

3. A single wallet holds 30% of the supply of DOGE

Since DOGE is a means of payment on the Dogecoin network, DOGE provides money, utility, and value to the Dogecoin ecosystem. Hence, these rumors are either untrue or exaggerated.

Similarly, Kitsoonay is not just a meme coin but a blockchain project with several functionalities that you can access on multiple blockchains.