In 2024, the cryptocurrency market started off strong, with the approval of a Bitcoin spot ETF and BTC reaching a new high of $69,000. The continuous positive factors, along with the maturity of Web3 infrastructure and ecosystem, are driving the cryptocurrency market towards significant maturity and mainstream breakthrough. With the rapid expansion of the market, decentralized trading platform Kine Protocol has made breakthrough progress in derivative trading mechanisms and technology, positioning itself as a potential leader in future derivative trading platforms and the next trendsetter in the Taiwan market.
It is reported that Kine Protocol has attracted a stellar lineup of investment institutions, led by renowned Silicon Valley angel investor Naval Ravikant and OKX exchange, and has completed three rounds of financing totaling $24 million. Its investment matrix includes Angellist, OKX Ventures, Blockchain Capital, Spartan Group, Divergence Capital, CMS Holdings, Ascensive Assets, Bixin Ventures, DeFi Alliance, Origin Capital, Hypersphere, NGC, SevenX, etc. It can be said that Kine Protocol has gained support and recognition from top global investment institutions.
What characteristics does this dark horse player in on-chain derivative trading possess? What reasons have led numerous investors and users to believe in it? Let us take three minutes to quickly understand KINE.
Table of Contents:
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What is KINE?
Leading the market with a strong team background
How to ensure trading liquidity and improve capital efficiency?
Diverse and flexible trading methods
Professional security system
What is KINE?
KINE is a decentralized derivative trading platform that goes beyond cryptocurrency derivative trading. From the products presented on the KINE APP, it can be seen that KINE adopts a “peer-to-pool” model, providing “infinite liquidity” for derivatives in a DeFi manner. With a flexible and pragmatic approach, KINE aims to bring more traders into the decentralized field.
The Kine Protocol team proposes that in the current cryptocurrency trading field, most people are extremely biased towards either CeFi (centralized finance) or DeFi (decentralized finance). However, the financial world is not black and white, and DeFi still needs to learn from the efficiency of CeFi, while CeFi needs to learn from the security and decentralized governance of DeFi. The core goal is to bring the widest range of cryptocurrency users into the world of decentralized trading. Based on this, we will explain the advantages of KINE.
Leading the market with a strong team background
Kine Protocol is built by a founding team with over ten years of professional knowledge and experience in the traditional financial field, and has a deep understanding of the needs and challenges of the financial market. For investors, the security of digital assets has always been one of the most concerning issues. With their professional background, the Kine Protocol team provides investors with a secure and reliable investment environment. Understanding the story behind Kine Protocol can also help investors better understand the development trajectory of the project and avoid blindly following public opinion.
How to ensure trading liquidity and improve capital efficiency?
To achieve widespread user adoption, liquidity and capital efficiency are key for derivative trading platforms.
KINE adopts the Peer-to-Pool liquidity pool trading model, providing users with advantages such as unlimited liquidity and almost zero slippage, greatly enhancing the user trading experience. The mechanism of KINE allows traders to have immediate execution at the order price, without partial or failed execution after placing an order. In KINE, the trader’s counterparty is the liquidity pool, not other market makers. At the same time, the platform’s full-margin and isolated-margin trading features significantly improve capital efficiency.
When trading, users can obtain the average composite index price from leading centralized and decentralized platforms such as Binance, OKX, Coinbase, and Uniswap through high-performance oracles, minimizing the possibility of price manipulation by a single platform. In addition, the KINE platform supports leveraged trading and has extremely low gas fees, providing users with a solution that combines liquidity, capital utilization, and trading experience. The team hopes to provide contract investors with a more efficient and convenient trading experience on the KINE platform through the design of “infinite liquidity + real-time price index”.
Diverse and flexible trading methods
Kine platform offers a variety of digital asset trading options, including Bitcoin, Ethereum, and other mainstream cryptocurrencies, to meet the needs of different investors. Users can choose the appropriate trading options based on their investment preferences.
To provide users with a more convenient trading experience, the Kine platform not only offers a web-based trading interface but also developed the Kine App. Users can download it from Google Play and the Apple Store to engage in digital asset trading anytime, anywhere, catering to the trading habits of various traders. Users can easily participate in Kine’s trading activities whether on their computer or mobile phone, enjoying convenient trading services.
In addition, Kine has also developed the first AI trading assistant, which can provide real-time trading signals for traders. Whether it is quantitative trading or technical analysis, the Kine platform provides users with rich tools and indicators to help them better understand market trends and conduct effective trading operations.
Professional security system
Kine Protocol always prioritizes the security of user assets. It maintains transparency and openness, with every transaction recorded on the blockchain. Users can view each transaction through the “Funds Pool” page and blockchain browser, or search for Kine Protocol’s smart contract address to view transaction activities, liquidity in the funds pool, and other on-chain transactions.
User assets are completely held by smart contracts, without relying on centralized storage of exchanges. The smart contracts have been audited and approved by reputable auditing firms, with publicly available code, ensuring the security, transparency, anonymity, and efficiency of user assets and transactions. This means that users have absolute ownership of their digital assets and can independently control and manage them.
In Kine’s layout and development, it can be seen that the Kine Protocol team is realizing its goals of being safer and fairer than traditional centralized exchanges, providing a better experience than existing decentralized derivative trading platforms, and paving a feasible path for investors in the DeFi world. In 2024, Kine will maintain an open mindset, continuously learn and adapt to market changes, continue to create more value for users, and promote the vibrant development of the cryptocurrency industry.
(Note: Some content in this article is excerpted from ChainNews – “Three-minute introduction to the rising star of decentralized derivative trading platform Kine”)
This article is provided by the official source and does not represent the position and investment advice of this website. Readers must conduct their own thorough evaluations.
