Kiba Inu v1

Kiba Inu v1 (KIBAV1) primarily functioned as a memecoin with a focus on speculative trading. Its unique sell-tax mechanism encouraged users to hold their tokens for at least 24 hours, limiting price volatility caused by short-term trading. The design of the KIBAV1 smart contract prioritised community engagement and long-term growth, which later influenced the evolution of its successor, Kiba Inu (KIBA).

Beyond its memecoin status, KIBAV1 introduced utility features like liquidity pool enhancements and early incentives to promote token stability. While the project's core use case was initially centred around trading and speculation, its development team laid the groundwork for more utility-driven features in later versions, including the development of Kibaswap - a decentralised exchange (DEX) that became a key part of the broader Kiba Inu ecosystem.