$Kiseki: Redefining memecoin on Cardano

Kiseki
4 min readOct 29, 2023

Redefining Memecoins in the Age of AI and Decentralization on cardano :

In the ever-evolving world of cryptocurrency, new trends and innovations are constantly emerging. One of the most intriguing developments in recent times is the rise of memecoins, inspired by the likes of Shiba Inu and the fundamental principles of Satoshi Nakamoto’s Bitcoin. However, not all memecoins are created equal, and many have failed to replicate the success of their predecessors. In this blog post, we’ll explore a unique approach to memecoin creation with a focus on artificial intelligence, community-driven decentralization, and the potential of Cardano.

Ryoshi's Vision: Embracing Satoshi's Philosophy of Decentralization

Ryoshi’s vision for Shiba Inu embodies perfect decentralization. There are no leaders, no roadmaps, and the entire community shares responsibility for the coin’s success.

Countless projects have faced challenges when attempting to replicate the success of Shiba Inu, often resulting in failure.
This raises a crucial question:
Could artificial intelligence be more adept at recognizing patterns than human intelligence?”
It’s a question that has intrigued us, and it’s in pursuit of the answer that we embarked on an experiment that led to the birth of $Kiseki, the first memecoin generated by decentralized artificial intelligence on Cardano.

Identifying Trends in the Crypto Market :

The cryptocurrency market experiences cyclical patterns, with bear and bull markets. Each bull market is characterized by a dominant trend or buzzword. During the bull market of 2021, the dominant trend was the metaverse, with everyone speculating on its potential.
Our hypothesis is that artificial intelligence will be the next significant trend.

The Rise of Artificial Intelligence :

In the world of cryptocurrency, the rise of artificial intelligence has been nothing short of remarkable. Venture capitalists are increasingly captivated by AI projects, drawn to the rapid technological advancements in this field. Examples like ChatGPT and Midjourney have demonstrated the immense potential AI holds within the crypto space.

A key figure in this AI-driven surge is the influential Twitter account, AlgodTrading. This guy has proven itself as an astute trend predictor, showcasing remarkable foresight. Notably, Algodtrading placed a substantial bet against the Do Know founder of the Luna protocol, reaping the rewards of their conviction to the tune of 1 million dollars.

Algodtrading is an outstanding investor, consistently making the right calls when it comes to tokens. This has been evident in his successful bets, not only with Do Kwon, the founder of Luna, but also with the decentralized leveraged trading platform, GMX, during the previous bull market.

His next wager in today’s crypto landscape is on $TAO. This is how our journey begin.

The Birth of Kiseki :

$Kiseki was created with the idea of using decentralized AI (Bittensor) to generate a memecoin, maintaining the core principles of Ryoshi and Satoshi while embracing AI as the driving force. This unique approach is at the heart of Kiseki’s journey.

Kiseki’s strategy is centered on community empowerment, featuring no centralized leadership or defined roadmap. The belief is that the community will assume responsibility, much like the Shiba Inu community.

This distinctive approach directly tackles common challenges faced by memecoins, including developer abandonment and the dilution of meme status due to extensive roadmaps.

Kiseki’s potential for success hinges on the role of artificial intelligence. Anticipations run high that AI-focused projects will seize considerable attention during the upcoming crypto bull run.

Are we the first to employ this approach?

Across all blockchains, the answer is no. Another memecoin on Ethereum also adopts the same approach as us: $Kizuna.
On Cardano $Kiseki is the first memecoin generated by a decentralized AI and it’s all that matters to us.

Famous French philosopher Lavoisier once stated, “Nothing is created, nothing is lost, everything is transformed,” while Picasso famously declared, “Good artists copy, great artists steal.”

From a purely mercantile standpoint, the absence of competitors likely stems from a lack of demand. It’s natural that in a trend with high potential, multiple tokens would adopt the same approach. Even Shib is inspired by Doge.

Taking this a step further, we believe that $Kizuna will follow the same trend as $Kiseki, but with one crucial difference. The potential of Cardano far surpasses that of Ethereum, a point on which we can all likely agree.

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