IMO this will die quite fast and let me tell you why:
1. Unsustainable economics:
- 60% for node operators - good deal for the short term, people will jump into kiiro just to run a node. Once the ROI is higher then the nodes will stop and start dumping the coin. To whom? What's the utility of the coin?
- team has a "community" funds, they keep selling coins everyday to collect $ for development. Sure, that's legit but they collected ~20k and nothing has been done. They are keep saying that Shared nodes are under development.
2. No usability:
- The sole purpose of the coin is (imo) to be a ponzi for those that want to run a node.
- 51% attack resistant & privacy - nothing new here, just a fork with some different configurations
3. Shady approach:
- Their core members and owners are writing like 14 y/o.
- They lack professionalism. They are giving unbacked replies, empty words.
- their whitepaper is copy pasta from 3 other coins (all dead) Avian Network and Arsa - I wouldn't be surprised that the "team" is the same
4. Low social presence:
- Barely a few tweets, no announcements (beside them selling the coins for "development")
- They said they applied for CMC but not Coingecko - we shall see if they are getting listed
- No updates on discord. A few messages here and there but that's all. When people are asking legit questions their answers are :"it is normal to have copy paste whitepaper", "you are fudding", "this is not your concern" etc
Maybe I'am wrong but these are quite consistent red flags.
Wish you all good luck