Question 1

What is it?

Accepted Answer

KITA INU (KITA) is a deflationary cryptocurrency token that operates within an ecosystem designed to transform how users engage with digital assets. As a deflationary token, the total supply of KITA is fixed at 1 quadrillion tokens with no new tokens ever being created. With an 8% tax imposed on all transactions, 5% is automatically added to the liquidity pool to ensure stability and a seamless trading experience. Concurrently, 1% is systematically burned with each transaction, thereby reducing the total supply and increasing scarcity. Another 1% is allocated towards charitable donations to support philanthropic initiatives and make a positive social impact, with the remaining 1% dedicated towards marketing efforts to promote the project, attract new users, and expand the community​.

The KITA ecosystem includes notable features such as KitaSwap, staking, NFTs, and automatic burns.

Question 2

What is it used for?

Accepted Answer

KITA serves several functions within its ecosystem. Beyond acting as a standard exchange of value, KITA is also used for staking, contributing to liquidity, and interacting with the platform's NFTs. The project has released an exclusive set of digital collectibles as part of the KITA NFT Collection. These NFTs represent unique art pieces and are released in limited quantities, ensuring their scarcity and exclusivity​.

The KITA ecosystem is being developed and expanded in phases, which include not only the creation and listing of NFTs but also the deployment of KitaSwap, enabling staking pools, and providing VIP access to NFT holders. Future plans involve the development of a mobile KitaSwap app, listing on Tier 1 and Tier 2 exchanges, creation of new NFT collections, and Metaverse integration.

Question 3

Who created it?

Accepted Answer

The creator or team behind KITA INU was not explicitly mentioned on the official website or in the available sources.