Introducing Kuro Shiba Protocol

3 min readJun 12, 2021

Fairly launched on Harmony on June 25, 2021!

Kuro Shiba (KURO) is a fair-launch, experimental HRC20 token by and for the community, and is intended as fun and lighthearted way to dabble in DeFi. “Kuro Shiba” refers specifically to the black & tan Shiba Inu, which are famous for their black fur, tan eyebrow spots, and cream bowtie.

Fair Launch:

Fair Launch. Everyone has the same opportunity to purchase KURO tokens — no need to worry about sketchy presales, seed rounds, IDOs, or ICOs.

Dynamic Contract. The KURO contract is dynamic in order to promote the long-term health and viability of the project. Holders can vote to increase or decrease the rewards %, burn %, and max transaction %.

Max Transaction Limit. To deter whales, KURO includes a max transaction limit that scales dynamically with its market cap. At launch, large buys and sells will require multiple smaller transactions instead of one large transaction.

Tokenomics:

Deflationary. Unlike DOGE, KURO has a max supply of only 500,000,000 tokens, and new tokens can never be minted.

No Auto LP. Most moon coins boast automatic LP as their main selling point, but this “feature” ends up devaluing tokens, resulting in an eventual crash. No such code exists in KURO.

Passive Rewards. 4% of every transaction is proportionally and directly distributed to KURO holders’ wallets as a reward for holding. No need to stake or actively yield farm — just HODL!

Automatic Burn. 1% of every transaction is burned forever (i.e., sent to a “black hole” address), thereby reducing supply and steadily increasing per-token value.

Accountability:

Transparency. All KURO tokens are accounted for, with 90% of the total supply available for trading on ViperSwap, and only 10% of the total supply set aside for development.

Trackability. Easily track all KURO transactions on ViperSwap, including to and from the only community wallet and only dev wallet. Everything is public and accounted for, so nothing can be hidden or secretly skimmed from the LP.

Trust. KURO was created by active members of the VenomDAO community, specifically for Jenny’s Token Tournament in partnership with ViperSwap, Harmony’s premier DEX.

KURO smiling and relaxing — The cutest community token on Harmony. ♡

Moon Coins vs. KURO:

KURO is not your typical moon coin. Kuro Shiba protocol reflects many months of research during the recent meme-and-moon coin boom. This allowed us to pick and choose the features that actually bring value to holders, while ditching the gimmicky — and sometimes even harmful — tokenomics made popular by SafeMoon and its many forks.

On top of that, we’ve implemented a robust anti-whale mechanism, and have released the address of the only team-owned wallet to encourage full transparency and trackability of the entire token supply.