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Kine Protocol

https://kine.io

About Kine Protocol

What is Kine Protocol?

Kine Protocol provides a "peer-to-peer" derivatives trading marketplace where a "universal " liquidity pools are backed by collateral across multiple chains of major crypto assets as reserves and are used as passive counterparties for perpetual contract (perps) traders. The platform provides traders with zero slippage execution, guaranteed liquidity, and margin on full positions with up to 100x leverage. The protocol allows traders to pledge Ether, BNB Chain, Polygon and Avalanche. Users can participate in the Kine Protocol ecosystem in three ways: as pledgers, traders, and liquidators.

Who are the founders of Kine Protocol?

The founder of the protocol is Lei Wang. He is a former investment banker with over 15 years of experience and is the former head of the institutional business unit at FireCoin. The team behind the company has an average of 7 years of trading and R&D experience, having worked at investment banks such as Merrill Lynch, HSBC, and Citigroup in the past.

When did Kine Protocol launch?

Kine Protocol launches in March 2021, with its parent company, Kine Technology, founded in December 2020. 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 of Dragonfly Capital), as well as Blockchain Capital, Spartan Group, CMS Holdings, and the Kine Protocol, Spartan Group, CMS Holdings and OKEx joint venture participation funding. In December 2021, Kine Protocol received strategic investment funding from AVATAR and Avalanche Asia Star Fund to expand integration with the AVAX ecosystem.

Where is Kine Protocol located?

Its company is located in Singapore.

Which countries can use Kine Protocol?

There is currently no information on which countries are restricted from using the protocol.

List of cryptocurrencies supported by Kine Protocol

At the time of writing, Kine Protocol supports perpetual contract trading for the following cryptocurrencies: BTC, ETH, SHIB, NEAR, BNB, ADA, MATIC, DOGE, FIL, EOS, XRP, LTC, TRX, ETC, SOL, LINK, DOT, and UNI, LINK, DOT, and UNI.

What are the transaction fees for Kine Protocol?

Kine does not charge a gas fee and charges a fixed fee of 0.1% for each completed order executed, but HT, OKB, and WOO charge 0.8%.

Can I use leverage or margin trading on Kine Protocol?

Yes, users can trade any asset with up to 100x leverage. However, there is a top line for leverage and Kine Protocol has specific "position limits" for each asset to minimize the risk of liquidity pools.