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- Katsumi is an NFT and stealth ninja token launched on ERC20 network. It is a distinct utility by Kishimoto to Burn Kishi tokens as much as it can.
- It is about to become a community project after its establishment in crypto marketplace and is expected to surge, as per Devs.
- As of this writing, Katsumi token was trading at $0.00000001183, bearish by 8.97% as of this writing.
What Are NFTs?
NFTs or non-fungible tokens are basically digital art and can range from a virtual drawing made by an artist to game skins to GIFs.
Unlike other cryptocurrencies, NFTs cannot be traded against each other. They are unique or one of a kind, where you have to pay to acquire them.
Let’s say Bitcoin worth $100 can be purchased against any other crypto asset worth $100, but in case of non-fungible tokens, you cannot exchange digital art against other digital art, you have to pay for it in order to acquire it. In simple words, an NFT can be sold as low as a cent and as high as millions.
ALSO READ – NFT ACTS AS BAIT FOR MARK CUBAN TO HANG ONTO CRYPTO
So What is Katsumi Token?
Katsumi is an ERC20 based stealth ninja token, a utility produced by Kishimoto in order to burn Kishi tokens, donate to charities, and rewarding holders with voting authority, for particular initiatives and causes.
It is about to become a community project as soon as it is stabilized in crypto marketplace. Developers anticipate to drive this special token to the moon.
It is a governance token to be utilized for burning Kishi tokens, as much as it can, assisting in token’s value to escalate prominently.
Tokenomics
Out of 100 quadrillions total initial supply, 52.87% of them are already burnt, 2.7% are allocated to devs, 1% are to swap, and 44.5% are for UniSwap.
Roadmap
Katsumi’s roadmap is divided into 3 phases for now, and more phases are to be unveiled. In January, it targeted 1000 holders of tokens, out of which 434 had already been attained, aimed for a market capitalization of $1 Million, got listed on coingecko, and develop its NFTs.
In phase 2 in February, it is going to list on a centralized exchange, launch its NFT marketplace, attain 5000 token holders, reach $25 Million market capitalization, and will do a robust marketing campaign.
In third phase, it will renounce ownership, strategizes to engage with community for making Katsumi’s future prominent.
Further phases for its roadmap for Katsumi are still to be announced.
Will Katsumi Ninja Thrive?
Katsumi appears to be a prominent project, as it is Kishimoto’s distinct utility that will allow massive burning of tokens, which I guess reader already knows what it means.
Its developers are also working on its development, to make it rally to the moon, sounds prominent.
In the end, for me, this project might be beneficial for future, considering its supply and burning mechanism.
As this article was being written, Katsumi token was trading at $0.00000001183, down by 8.97% in past 24 hours.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
