Kuma Inu (KUMA) is a community-driven meme cryptocurrency and DeFi platform. Meme tokens are based on internet jokes (memes) and recent events and are often endorsed by influencers.
The rising popularity of meme cryptocurrencies has triggered a domino effect, opening new prospects for users who don't want to rely on centralized finance that is often regulated. Kuma Inu aims to provide users with valuable crypto products and thus establish a robust community of token holders.
According to the whitepaper, the Kuma Inu ecosystem consists of the following key features:
Kuma DEX uses virtual automated market makers (vAMMs) to enable perpetual contracts. The concept is based on AMMs (automated market makers). The AMM is a smart contract platform that allows traders to make token swaps using liquidity provided by users. In other words, a virtual automated market maker (vAMM) is a mechanism that provides virtual liquidity, allowing users to trade derivatives entirely on the blockchain.
Coming to the token, there are two tokens in the Kuma Inu community, namely KUMA and dKUMA. The Kuma DAO's (Kuma Vessel) native governance token is KUMA. On Breeder, KUMA can also be employed for generating yields. KUMA V1 was recently upgraded to KUMA V2. The Kuma DEX's native utility token, dKUMA, is the other token.