KINE
$ 0.0685 USD
$ 0.0685 USD
$ 281,532 0.00 USD
$ 281,532 USD
$ 42,298 USD
$ 42,298 USD
$ 470,042 USD
$ 470,042 USD
20.211 million KINE
Related information
Issue Time
2021-03-11
Platform pertained to
--
Current price
$0.0685USD
Market Cap
$281,532USD
Volume of Transaction
24h
$42,298USD
Circulating supply
20.211mKINE
Volume of Transaction
7d
$470,042USD
Change
24h
+127.57%
Number of Markets
22
Token conversion
Current Rate0
0.00USD
KINE Price Chart
Introduction
Markets3H
+178.45%
1D
+127.57%
1W
+24.09%
1M
-34.77%
1Y
-27.59%
All
-98.67%
| Aspect | Information |
|---|---|
| Short Name | KINE |
| Full Name | Kine Protocol |
| Founded Year | 2020 |
| Main Founders | Kine Exchange |
| Support Exchanges | Binance, Coinbase, OKX, Gate.io, BingX, MEXC, Huobi Global, Uniswap (V2), CoinTiger, Bilaxy |
| Storage Wallet | Metamask, BitKeep, Math Wallet and Kine Wallet |
Overview of Kine Protocol (KINE)
Kine Protocol (KINE) is a decentralized derivative trading platform that aims to bridge traditional finance with DeFi functionality. A creation of the Asian technology company, Kine Exchange, KINE is intended to replace the relationship between traders and exchanges with algorithms and smart contracts. This allows users to trade synthetic assets, whose values are tied to the underlying asset, without the need for an intermediary.
KINE token acts as the platform's native utility token used for staking and governance voting. This open-source approach brings a new level of transparency to trading, as all transactions are visible on the blockchain. Moreover, Kine also introduces the concept of 'liquidity mining', allowing users to earn rewards from providing liquidity to the platform.
Pros and Cons
| Pros | Cons |
|---|---|
| Decentralized trading platform | High Ethereum gas fees |
| Algorithmic and smart contract-based operations | Risks associated with smart contract security and transparency |
| Liquidity aggregation from multiple sources | Dependent on Ethereum network conditions |
| Liquidity mining rewards | Market volatility due to DeFi nature |
| Staking and governance capabilities using KINE tokens | Potential complexities in hedging risks |
Crypto Wallet
Kine Wallet offers a comprehensive suite of cryptocurrency management tools rolled into one user-friendly platform. Kine Wallet functions as a secure storage solution for your digital assets. You can store, send, and receive various cryptocurrencies directly within the wallet, potentially including popular ones like Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH). Kine Wallet empowers you to delve deeper into the world of cryptocurrency by providing a blockchain explorer service. This tool lets you explore transaction data and gain insights into the inner workings of the supported blockchains. It can be downloaded through clickinng: https://kinewallet.web.app/download.
What Makes Kine Protocol (KINE) Unique？
Kine Protocol marks its innovation in the cryptocurrency space through its aim to reinvent derivative trading, blending in elements of traditional finance and DeFi (Decentralized Finance) functionality.
Key distinguishing factors encompass:
1. Decentralization: Unlike many traditional derivative trading platforms, Kine Protocol is decentralized, which inherently eliminates the need of a third-party intermediary. This increases transparency and potentially provides a more equitable trading environment.
2. Algorithmic Trading & Smart Contracts: Kine adopts smart contracts to facilitate trading and algorithms to replace the role traditionally occupied by exchanges. This introduces automation, reducing the chances of errors and manipulation, a feature not seen universally across all cryptocurrencies.
3. Liquidity Aggregation: Kine Protocol distinguishes itself through its provision of liquidity aggregation, where it pulls together the liquidity from multiple cryptocurrency exchanges. This mechanism aims to offer optimal trading conditions to its users, improving liquidity.
4. Liquidity Mining: Unlike many other cryptocurrencies, Kine incorporates a liquidity mining feature, rewarding users who provide liquidity to the platform, which incentivizes user engagement and contribution.
5. Governance and Staking: KINE token holders have the right to participate in the governance of the platform, a feature which is not universal among all cryptocurrencies.
How does Kine Protocol(KINE) Work？
Kine Protocol operates on the principle of decentralized finance (DeFi) and leverages multiple advanced technologies to create an innovative trading environment. Here is a breakdown of its working mode and principle:
1. Decentralized Derivative Trading: Kine Protocol is fundamentally a decentralized derivative trading platform. The decentralization implies that it does not rely on any central authority or intermediary to conduct and regulate transactions. Instead, transactions are facilitated directly between users via the platform's blockchain technology.
2. Usage of Smart Contracts: Smart contracts, which are self-executing contracts with the terms of the agreement directly written into code, play a critical role in Kine Protocol. They replace intermediaries, allow the automated implementation of the contract, and ensure the rules are executed exactly as written.
3. Algorithmic Crypto Trading: Kine uses algorithms to allow users to trade synthetic assets. These are derivatives whose values are pegged to the value of an underlying asset. With these algorithms, the platform handles trading operations and replaces the role generally played by exchanges.
4. Liquidity Aggregation: Kine Protocol aggregates liquidity from various sources, essentially pooling together liquidity from multiple crypto exchanges. This mechanism maximizes liquidity and improves trading conditions for users.
5. Liquidity Mining: Liquidity providers can stake their tokens on Kine Protocol and earn rewards. This process, known as liquidity mining, incentivizes more users to provide liquidity to the platform, which in turn improves trading volume and liquidity.
Exchanges to Buy Kine Protocol (KINE)
The following are some exchanges where you can buy Kine Protocol (KINE):
Binance: A leading global exchange offering a vast selection of cryptocurrencies, margin trading, and staking services.
| Step | |
|---|---|
| 1. Download Trust Wallet | |
| 1.1 | Identify Trust Wallet as a suitable option for the Ethereum network (assuming KINE resides on Ethereum). |
| 1.2 | Download the official Trust Wallet Chrome extension (desktop) or mobile app (Android/iOS) directly from their website. |
| 2. Set Up Your Trust Wallet | |
| 2.1 | Follow Trust Wallet app/extension instructions to register and set up your wallet. |
| 2.2 | Refer to Trust Wallet's support page for detailed guidance if needed. |
| 2.3 | Crucially, secure your seed phrase and keep your wallet address safe. You'll need them later. |
| 3. Acquire Ethereum (ETH) as Base Currency | |
| 3.1 | Assumption: KINE might not be directly purchasable with fiat currency on Trust Wallet. |
| 3.2 | Therefore, acquire ETH as a base currency to exchange for KINE. |
| 3.3 | If you don't have a Binance account, use their guide on registering and buying your first cryptocurrency (likely ETH). |
| 3.4 | Once you have ETH on Binance, transfer it to your Trust Wallet (explained in step 4). |
| 4. Send ETH From Binance to Trust Wallet | |
| 4.1 | In your Binance account, locate your ETH holding and select “Withdraw.” |
| 4.2 | Choose “Ethereum” as the network for the withdrawal. |
| 4.3 | Provide your Trust Wallet address where you want to receive the ETH. |
| 4.4 | Specify the amount of ETH you want to transfer. |
| 4.5 | Initiate the withdrawal and wait for your ETH to arrive in Trust Wallet. |
| 5. Find a KINE Exchange | |
| 5.1 | After acquiring ETH, research reputable cryptocurrency exchanges that allow trading KINE. |
| 5.2 | Consider factors like trading fees and security when choosing an exchange. |
| 6. Trade ETH for KINE (on External Exchange) | |
| 6.1 | Once you have ETH in Trust Wallet and have chosen an exchange, transfer your ETH to that exchange if necessary. |
| 6.2 | Use your ETH to trade for KINE on the chosen exchange. Follow their specific instructions for trading. |
See this link for details on how to buy KINE：https://www.binance.com/en/how-to-buy/kine
Coinbase: A user-friendly exchange well-suited for beginners, known for its reputable selection of cryptocurrencies and ease of use.
| Step | |
|---|---|
| 1. | Download the Coinbase Wallet mobile app or browser extension directly from their website. |
| 2. Set Up Your Wallet | |
| 2.1 | Choose a username for your Coinbase Wallet. |
| 2.2 | Crucially, secure your 12-word recovery phrase. Never share it with anyone. Consider writing it down on paper and storing it securely. |
| 3. Understand Network Fees | |
| 3.1 | Be aware of Ethereum network fees associated with transactions. These fees depend on network traffic and transaction speed. |
| 3.2 | Research Ethereum fees to plan for these costs (link not provided). |
| 4. Acquire Ethereum (ETH) | |
| 4.1 | Since KINE might not be directly purchasable with fiat currency, you'll need ETH to exchange for it. |
| 4.2 | If you don't have a Coinbase account, create one to buy ETH. Refer to their guide for creating an account and buying ETH (link not provided). |
| 4.3 | Once you have ETH on Coinbase, transfer it to your Coinbase Wallet. Instructions differ between the app and browser extension (link not provided). |
| 5. Buy KINE with ETH | |
| 5.1 | Go to the “Assets” tab in your Coinbase Wallet app or browser extension. |
| 5.2 | Tap/click the “Swap” icon and select “Choose asset.” |
| 5.3 | Choose KINE from the list of assets. |
| 5.4 | Enter the amount of ETH you want to exchange for KINE, factoring in transaction fees. |
| 5.5 | Confirm your purchase and follow the on-screen instructions to finalize the trade. |
See this link for details on how to buy KINE：https://www.coinbase.com/how-to-buy/kine
OKX: A rapidly growing exchange popular for its diverse trading options, competitive fees, and innovative features.
Gate.io: A veteran exchange known for its extensive altcoin listings, margin trading, and copy trading functionalities.
BingX: A user-friendly exchange focused on spot and margin trading, offering competitive fees and social trading features.
How to Store Kine Protocol (KINE)？
Kine Protocol (KINE) tokens can be stored in any wallet that supports ERC-20 tokens since KINE is built on the Ethereum network. Here are a few types of wallets you can use:
- Metamask: MetaMask is a web wallet, which also allows users to interact with decentralized applications (DApps) from a browser, making it an ideal wallet for KINE tokens. MetaMask offers backup and security features making it convenient and safe.
- BitKeep: A versatile mobile and browser wallet for storing, managing, and trading a wide range of cryptocurrencies and NFTs.
- Math Wallet: A powerful all-in-one crypto wallet supporting multichain tokens, dApps, and secure cross-chain swaps.
- Kine Wallet: A comprehensive platform combining a secure crypto wallet, built-in exchange, blockchain explorer, and market data tools.
Is It Safe？
Kine prioritizes user privacy and security through strategic partnerships for OTC services, ensuring that third-party partners handle the KYC process, relieving us of any responsibility for users' personal information. Additionally, their platform offers robust security measures, including a trailing stop tool and a mock trading environment, which safeguards users' assets and minimizes risk. With the option of leveraging BTC and ETH up to 200x, Kine Protocol empowers users with advanced trading capabilities while maintaining a focus on security and risk management.
How to Earn Kine Protocol (KINE)？
Earning Kine Protocol (KINE) involves participating in various network activities such as staking, liquidity mining and engaging in governance processes.
1. Staking: By staking their KINE tokens, users can potentially earn rewards given out by the Kine Protocol system. Staking involves locking up KINE tokens in the network for a set period of time.
2. Liquidity Mining: Kine Protocol also expects to incentivize users through Liquidity Mining. This process rewards users who provide liquidity to the trading pools on the platform. The rewards, usually in the form of KINE tokens, are based on the proportion of liquidity they provide compared to the total liquidity.
3. Governance Participation: KINE token holders can also participate in the governance operations of the Kine Protocol system. While it may not earn KINE directly, being a part of decision-making processes could potentially provide capital gains if system improvements increase the value of KINE.
FAQs
Q: What is the primary function of Kine Protocol (KINE)？
A: Kine Protocol functions as a decentralized platform for trading derivatives with DeFi features, utilizing algorithms and smart contracts to facilitate trading of synthetic assets.
Q: Which blockchain network is Kine Protocol built on？
A: Kine Protocol is built on the Ethereum blockchain network.
Q: What is Liquidity Mining in Kine Protocol？
A: In Kine Protocol, Liquidity Mining refers to the process where users earn rewards in the form of KINE tokens for providing liquidity to the platform.
Q: What wallets Kine Protocol (KINE) supports？
A: Wallets that support Kine Protocol include Metamask, BitKeep, Math Wallet and Kine Wallet.
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