What is Kine Protocol?
Kine Protocol is a cutting-edge platform that provides a peer-to-pool derivative market. This system allows traders to participate in perpetual contracts (perps) and offers zero-slippage execution, guaranteed liquidity, and up to 100x leverage with cross margin. The platform is supported by collateral from major crypto assets across multi-chains, making it possible for traders to put up collateral on Ethereum, BNB Chain, Polygon, and Avalanche.
Kine Protocol provides users with three ways to participate in the ecosystem: as stakers, traders, and liquidators. The founder of the protocol is Lei Wang, a former investment banker with more than 15 years of experience and a former head of Huobi’s institutional business unit. The team behind the company has a wealth of experience, with collective work experience at investment banks such as Merill Lynch, HSBC, and Citigroup, boasting an average of 7 years of trading and R&D experience.
The parent company, Kine Technology, was founded in December 2020, with the protocol launching in March 2021. In March 2021, the company secured $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). Blockchain Capital, Spartan Group, CMS Holdings, and OKEx also participated in the funding round.
Kine Protocol received a strategic investment from AVATAR, Avalanche Asia Star Fund, in December 2021 to expand its integration with the AVAX ecosystem. With Kine Protocol's cutting-edge platform, traders have access to a variety of innovative features that offer unprecedented liquidity and ease of use. The platform has the potential to revolutionize the financial industry by providing a secure and accessible way for traders to invest in perpetual contracts.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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