Kine Protocol (BSC)

What Is Kine Protocol? Kine is a decentralized derivatives exchange (DEX), achieving on-chain staking and zero gas fees trading by utilizing Layer 2 Network. The peer-to-pool model provides a market for users with no limitation on liquidity or underlying. Users can log in on Kine with their MetaMask wallets quickly and directly, which ensures the security, transparency, and anonymity of assets and transactions. It provides traders with lower slippage execution, guaranteed liquidity, and up to 200x leverage with cross margin.

Users can log in on Kine with their MetaMask wallets quickly and directly, which ensures the security, transparency, and anonymity of assets and transactions. Meanwhile, the four major chains, Ethereum, BNB Smart Chain, Polygon, and Avalanche, are all live on Kine. At present, Kine has received support from both Eastern and Western top investment institutions and completed two rounds of financing, totaling 20 million US dollars.

$KINE is Kine Protocol's native protocol token, currently issued on Ethereum following ERC-20 standard. The KINE token is a utility token designed to facilitate community governance and incentivize the virtuous circle of Kine Ecosystem.

Who Is the Founder of Kine Protocol? The founder of the protocol is Lei Wang, a former investment banker with over 15 years of experience and former head of Huobi’s institutional business unit. The team behind the company has collectively worked at investment banks like Merill Lynch, HSBC and Citigroup in the past, and boasts an average of 7 years of trading and R&D experience.

When Did Kine Protocol Launch? Kine Protocol was launched in March 2021, while the parent company Kine Technology was founded in December 2020. In March 2021, the company received $7 million in funding led by angel investors Naval Ravikant (co-founder and former CEO of AngelList) and Alexander Pack (former managing partner at Dragonfly Capital), and participation from Blockchain Capital, Spartan Group, CMS Holdings and OKEx. In December 2021, Kine Protocol received a strategic investment from AVATAR, Avalanche Asia Star Fund, to expand its integration with the AVAX ecosystem.

Which Countries Can Use Kine Protocol? At present, there is no information available regarding which countries are restricted from using the protocol. All global users can use Kine protocol with confidence.

What Coins Are Listed on Kine Protocol? At the time of writing, Kine Protocol supports the trading of perpetual contracts of crypto tokens including Ethereum, Bitcoin, Solana, Polygon, Avalanche, Dogecoin, and Uniswap.

How Much Are Kine Exchange Trading Fees? Kine charges 0 gas fees and a fixed trading fee of 0.05% per every executed order, with exceptions for HT, OKB and WOO (which are charged at 0.8%).

Is It Possible To Use Leverage or Margin Trade on Kine Protocol? Yes, users can trade any asset with leverage up to 200x. However, there are limitations on how much you can leverage. Kine Protocol enacts an individual ‘Position Limit’ for each asset to minimize risk for the liquidity pool.