KINE

Kine Protocol price

KINE
USD
USD
$0.15291
+0.00%
1h
24h
1W
1M
1Y
All

Kine Protocol price live data

The current price of Kine Protocol is $0.15291. Since 00:00 UTC, Kine Protocol has increased by +0.00%. It currently has a circulating supply of 20,211,925 KINE and a maximum supply of 100,000,000 KINE, giving it a fully diluted market cap of $3.09M. At present, Kine Protocol holds the 303 position in market cap rankings. The Kine Protocol/USD price is updated in real-time.

Kine Protocol price performance in USD

Time periodChange amount%Chg
Today$0 +0.00%
7 days-$0.02389 -13.52%
30 days-$0.01949 -11.31%
3 months-$0.05879 -27.77%

Kine Protocol market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.15191
Last price $0.15291
24h high$0.15871
Heat index ranking
256
Market cap ranking
303
Market cap
$3.09M
Favorited rate
Percentage of users who favorited this asset to all users
0.60%
All-time high
$7.0000
-97.82% (-$6.8471)
Mar 15, 2021 (3 years ago)
All-time low
$0.042000
+264.07% ($0.11091)
Dec 24, 2022 (2 years ago)
ICO date
03/11/2021
ICO price
The price at which this crypto was first traded
$4.0000
Circulating supply
The amount of this crypto that is publicly available in the market
20,211,925 KINE
Market cap at circulating supply
Market cap = Circulating supply × Last price
$15.30M

About Kine Protocol (KINE)

In decentralized finance (DeFi), the landscape is a complex tapestry of evolving concepts and services, growing with each passing day. Within this dynamic, a distinct category of service has emerged from the DeFi arena – decentralized exchanges (DEXs), and Kine Protocol is a prominent player in this domain. A DEX is a peer-to-peer crypto marketplace, enabling users to trade cryptocurrency directly without relying on intermediaries. By circumventing the need for a third-party cryptocurrency wallet during trading, DEXs mitigate counterparty risk and contribute to reducing systemic centralization risks in the cryptocurrency ecosystem.

What is Kine Protocol?

The Kine Protocol is a decentralized exchange (DEX) protocol on the Ethereum blockchain. This innovative platform offers both on-chain staking and gas-free trading functionalities. Central to the protocol are liquidity-adjustable pools backed by ERC-20 tokens, facilitating the trading of derivatives for a broad spectrum of assets, which includes cryptocurrencies. A standout feature of the Kine Protocol is its capacity for high-leverage trading, enabling users to partake in trades with leverage options that extend up to 1:100. For seamless staking and governance operations within the protocol, KINE, the native token of Kine Protocol, is deployed, rendering on-chain utility for users.

The Kine Protocol team

Kine Protocol emerges under the joint leadership of co-founders Lei Wang and Lewei Li. Wang's extensive computer scientist and chartered financial analyst background spans over 15 years in investment banking. On the other hand, Lewei Li boasts a career at SS&C Technologies as a Lead - Hedge Fund Valuations.

The team further showcases additional members armed with substantial expertise from the traditional financial sector. Their profiles feature leadership roles in esteemed financial institutions such as Merrill Lynch, HSBC, and other prominent financial organizations. Fueling the momentum behind the Kine Protocol is a seed funding round amounting to $7 million. This significant infusion of funds is spearheaded by Alexander Pack, co-founder and managing partner at Pack VC, along with the notable participation of Naval Ravikant, the former CEO of AngelList.

How does Kine Protocol work?

At its core, the Kine Protocol functions as a peer-to-pool derivatives market. This environment is composed of liquidity pools, each backed by collateral of significant crypto assets. These pools empower traders to seamlessly initiate or conclude derivatives positions in alignment with reliable price feeds. The protocol offers users the advantages of zero slippage, robust liquidity, and the potential for leveraging up to 100x with a cross margin. Notably, the protocol's versatility extends to utilizing a range of major cryptocurrencies for collateral, including Ethereum (ETH), BNB (BNB), Polygon (MATIC), and Avalanche (AVAX).

KINE tokenomics

KINE assumes the form of an ERC-20 token with a fixed total supply of 100,000,000 tokens. At present, there are 20,211,952 KINE tokens in circulation.

KINE use cases

The KINE token plays a dual role as a governance and staking token, empowering the community to influence the trajectory of the protocol. Token holders can stake their KINE holdings for voting and proposing innovative ideas to enhance the Kine Protocol.

Furthermore, KINE is a staking asset, allowing users to generate kUSD, Kine's synthetic stablecoin. This stablecoin functions as the platform's universal medium for settling all trades. KINE also serves as a valuable component within the Yield Farming ecosystem. KINE holders can deposit their tokens into lending protocols, thereby gaining access to returns linked to the governance tokens of these protocols. In practice, KINE users can supply their kUSD to platforms like Uniswap (UNI) or other decentralized exchanges, allowing them to participate in the KINE protocol's farming scheme and earn KINE tokens.

Distribution of KINE

KINE is distributed according to the following breakdown: 

  • 5 percent is earmarked to facilitate liquidity bootstrapping via the Balancer Liquidity Bootstrapping Pool (LBP). 
  • 13 percent was granted to early backers during Kine Protocol's seed funding phase. 
  • 12 percent was dispensed through the private sale. 
  • 20 percent is retained by the team and advisors. 
  • 10 percent is designated for nurturing liquidity partnerships. 
  • 40 percent is reserved to fuel ecosystem grants.

What does the future hold for the Kine Protocol?

The Kine Protocol is strategically poised to migrate its off-chain components onto a Layer 2 scaling mechanism in its growth trajectory. This progressive vision aims to ultimately shift the entirety of the protocol onto the blockchain, fostering heightened efficiency, scalability, and transparency for its user base. Furthermore, Kine Protocol is consistently enhancing its user interface across all platforms, bolstering the user-friendliness of its ecosystem. Integrating third-party trading tools also stands on the horizon, aimed at streamlining user accessibility for the broader community.

KINE FAQ

What is Kine Protocol?

The Kine Protocol is a decentralized exchange (DEX) platform forged upon the Ethereum blockchain. It extends the capability for users to participate in on-chain staking and partake in gas-free trading. Operating as a peer-to-pool derivatives market, Kine Protocol harnesses liquidity pools that enable traders to initiate or finalize derivatives positions in harmony with trusted price feeds.

What are the benefits of Kine Protocol?

Kine Protocol introduces a unique approach that translates into lower trading costs. This innovation stems from Kine's distinct utilization of a central liquidity pool in executing transactions through an ingenious peer-to-pool mechanism. This design ushers limitless liquidity and curtails slippage, ultimately furnishing traders with elevated trading efficiency.

Where can I buy KINE?

Easily buy KINE tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is KINE/USDT. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), XRP (XRP), Cardano (ADA), and Solana (SOL) for KINE with zero fees and no price slippage by using OKX Convert.

How much is Kine Protocol worth today?
Currently, one Kine Protocol is worth $0.15291. For answers and insight into Kine Protocol's price action, you're in the right place. Explore the latest Kine Protocol charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Kine Protocol, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Kine Protocol have been created as well.
Trade
KINE/USDT
Spot
KINE Bot Marketplace
More
KINE-USDT
Copy bot
Spot grid
0
16.07%
PnL%
KINE-USDT
Copy bot
Spot DCA
0
0.01%
PnL%