With the intense competition in the cryptocurrency derivatives market, the entire crypto industry is on the fast track, and the layout of the capital market is also accelerating. KINE, a decentralized derivatives trading platform that focuses on providing “infinite liquidity and infinite trading options,” has completed two rounds of financing totaling $24 million before its mainnet launch. The investment lineup includes famous Silicon Valley angel investors Naval Ravikant and Alexander Pack, with investment matrices including Angellist, OKX Ventures, Blockchain Capital, Spartan Group, Divergence Capital, CMS Holdings, Ascensive Assets, Bixin Ventures, DeFi Alliance, Origin Capital, Hypersphere, NGC, SevenX, and others.
The KINE team consists of professionals with over ten years of experience in the traditional financial industry. They bring their expertise in decentralized, secure, and user-centric principles to KINE. With its powerful data-driven capabilities, secure trading environment, diverse trading options, and innovative social trading features, KINE has become a potential leader in derivatives trading.
The support and recognition from numerous investors can be attributed to KINE’s experienced founding team, innovative product design, and competitive advantages. We invited the KINE team to discuss the design and core advantages of KINE, hoping to help users truly understand the value of KINE.
Angel investors Naval Ravikant and Alexander Pack’s understanding of KINE
The fact that KINE has gained recognition and support from renowned angel investors Naval Ravikant and Alexander Pack is a testament to the recognition and support of KINE.
Naval Ravikant, an Indian immigrant and co-founder and CEO of the large equity crowdfunding platform AngelList, is a Silicon Valley investor. He has invested in companies such as social media giant Twitter, ride-hailing giant Uber, and the recently popular Clubhouse. In the cryptocurrency field, Naval Ravikant previously co-founded the cryptocurrency fund MetaStable Capital, which received investments from well-known venture capital firms such as a16z, Sequoia Capital, and Union Square Ventures. Naval Ravikant has also invested in projects such as blockchain interoperability layer Axelar, another derivatives platform dYdX, prediction market Polymarket, and decentralized code collaboration protocol Radicle. This investment in KINE demonstrates his strong confidence in the derivatives field.
In the eyes of Silicon Valley angel investor Naval Ravikant, KINE is a platform that provides infinite liquidity and infinite trading options. Alexander Pack, former founding partner of Dragonfly Capital and former employee of AngelList, also expressed his strong support for KINE.
How does the KINE team view the derivatives market?
The core team of KINE consists of members with more than 7 years of research and development experience from well-known traditional financial institutions such as Merrill Lynch, HSBC, Standard Chartered, and Citigroup, as well as technology companies such as Baidu and Siemens. In their eyes, an excellent derivatives trading platform must have four core elements: high capital efficiency, low trading costs, high performance (support for high concurrency and high-frequency trading without compromising user experience), and a rich variety of tradable assets.
In the team’s view, “the main bottleneck in the current derivatives market is the transparency of data, the security of assets, and the possibility of exchange manipulation in CeFi. The core pain points in the DeFi market are gas costs, liquidity, and trading delays. To stand out in any field, it is necessary to target these pain points and continuously innovate. After identifying the real needs of users, KINE systematically addresses and optimizes these pain points, constantly providing users with a better experience.”
Specifically, KINE solves the issues of security and transparency by using on-chain data. In the Peer-to-Pool trading model, prices cannot be manipulated by the platform, and users trade against a liquidity pool instead of the platform, eliminating the incentive and possibility of platform manipulation. On the other hand, KINE eliminates user gas fees and greatly improves trading efficiency through an off-chain trading engine, providing a trading experience comparable to or even surpassing centralized exchanges.
KINE’s design logic: Adopting the Peer-to-Pool model
KINE adopts the Peer-to-Pool liquidity pool trading model, providing users with infinite liquidity and supporting leveraged trading and low gas fees. By integrating data from multiple exchanges, the KINE platform can provide real-time prices and trading data to help users make informed investment decisions. In addition, KINE has developed the first AI trading assistant, which provides real-time trading signals to traders. Whether it’s quantitative trading or technical analysis, KINE provides users with rich tools and indicators to help them better grasp market trends and conduct efficient trading operations.
KINE’s core advantages: Infinite liquidity / Variety of trading options
In addition to the team’s expertise from top-tier investment banks, hedge funds, and leading cryptocurrency exchanges, KINE also has significant core competitiveness in terms of liquidity, trading options, token design, and professional security systems.
Infinite liquidity: Due to KINE’s Peer-to-Pool model, users trade against a liquidity pool, and the trading does not rely on traditional order books.
Support for a variety of trading options: Any asset with a reliable price index can be traded on KINE. KINE users can trade multiple asset classes, including cryptocurrencies, innovative derivatives, and future emerging fields, all in one platform.
Highlights of the token economic model: KINE has a total supply of 100 million tokens, with up to 50% used for ecosystem incentives and distribution to liquidity partners, 25% allocated to seed and private round investors, and 5% for public offering. The remaining 20% of tokens will be allocated to the team. This distribution demonstrates KINE’s commitment to ecosystem development.
In late 2023, KINE officially launched the function of using KINE tokens to offset transaction fees and provide additional fee discounts. This user-centric feature aims to empower the product, continuously optimize and improve it, and provide users with better value and experience.
Synthetic funding rates and full collateral leverage: In terms of derivatives trading, KINE introduces leveraged trading and synthetic funding rates, significantly optimizing the risk-reward ratio of the liquidity pool and improving asset efficiency. KINE’s synthetic funding rates are derived from the soft-peg mechanism of perpetual contracts, effectively balancing long and short positions of various assets and ensuring sustainable system growth. Additionally, KINE supports full collateral leverage, allowing users to hold leveraged positions in multiple currencies, greatly enhancing asset utilization.
Professional security system: Kine Protocol always prioritizes the protection of user assets. It maintains transparency and openness, with every transaction recorded on the blockchain. Users can view each transaction through the “Funding Pool” page and blockchain explorer or search for Kine Protocol’s smart contract address to view transaction activities, liquidity of funding pools, and other on-chain transactions. User assets are completely held by smart contracts, eliminating the need for centralized exchange storage. The smart contracts are audited and the code is publicly available, ensuring the security, transparency, anonymity, and efficiency of user assets and transactions. This means that users have absolute ownership and full control over their digital assets. KINE holds an MSB license, ensuring a secure and reliable environment for trading popular cryptocurrencies. Users can trade with confidence and experience the security provided by a platform that prioritizes asset security.
So, what are the significant advantages of KINE compared to centralized derivatives platforms and decentralized derivatives platforms like Synthetix, Hegic, and dYdX? The KINE team summarizes:
Support for higher leverage and higher-frequency derivatives trading.
Lower trading costs and better liquidity compared to traditional order book market-making models.
Developed a high-performance language machine to achieve real-time quotes, solving user losses caused by front-running.
In conclusion, the KINE team believes that as a newcomer in the cryptocurrency derivatives field, KINE has demonstrated superior development potential and core competitiveness in terms of design patterns, token economic models, and core features. As the volume of the derivatives market continues to expand, KINE remains committed to its innovative vision and continuous progress.
Register now.
