"Demystifying KINE: Decentralized Exchange Unveiled in Just Three Minutes"

In 2024, the encryption market has made a strong start, with the approval of Bitcoin spot ETF and Bitcoin reaching a peak of $69,000. The continuous emergence of positive factors, along with the maturity of Web3 infrastructure and ecosystem, is driving the cryptocurrency market towards significant maturity and mainstream breakthroughs. With the rapid expansion of the market, decentralized trading platform Kine Protocol has made breakthrough progress in derivative trading mechanisms and technologies, becoming a potential leader in future derivative trading platforms and the next trendsetter in the Taiwanese market.

It is reported that Kine Protocol has an impressive 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, and others. It can be said that Kine Protocol has gained support and recognition from top global investment institutions!

This dark horse player in on-chain derivative trading has unique characteristics and reasons that make many investors and users choose to believe in it. Let’s 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?
Rich and flexible trading methods
Professional security system

What is KINE?
KINE is a decentralized derivative trading platform, but it does not stop at cryptocurrency derivative trading. From the products presented in the KINE App, it can be seen that KINE adopts the “peer-to-pool” model, providing “infinite liquidity” for derivatives in the DeFi mode. KINE hopes to bring more traders into the decentralized field with flexible and pragmatic strategies.

The Kine Protocol team proposes that in the current cryptocurrency trading field, most people are extremely inclined 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 CeFi’s efficiency, while CeFi needs to learn from DeFi’s security and decentralized governance. The core goal is to allow the widest range of cryptocurrency users to enter the world of decentralized trading from centralized exchanges. We will use this as an anchor to 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 concerned 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 mass 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 infinite liquidity and almost zero slippage, greatly enhancing the user trading experience. The mechanism of KINE allows traders to execute orders immediately at the order price, without the situation of partially executed or unexecuted orders. In KINE, the counterparty for traders is not other market makers, but the liquidity pool. At the same time, the platform’s full position and isolated position features can greatly improve capital efficiency.

When trading, users can obtain the average comprehensive index price of leading centralized and decentralized platforms such as Binance, OKX, Coinbase, and Uniswap through high-performance oracle devices, minimizing the possibility of a single platform manipulating prices. 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”.

Rich and flexible trading methods
The Kine platform provides a variety of digital asset trading varieties, including Bitcoin, Ethereum, and other mainstream cryptocurrencies, to meet the needs of different investors. Users can choose suitable trading varieties according to their own investment preferences.

In order to provide users with a more convenient trading experience, the Kine platform not only provides a web-based trading interface but also developed the Kine App. Users can download it from the Google Play Store and Apple App Store to conduct digital asset trading anytime, anywhere, and meet the trading habits of various traders. Users can easily participate in Kine’s trading activities whether they are on a computer or a 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. By maintaining transparency and openness, each transaction is recorded on the blockchain, and users can view each transaction through the “Funding Pool” page and blockchain browser, or search for Kine Protocol’s smart contract address to view transaction activity, liquidity of the funding pool, and other on-chain transactions.

User assets are completely stored by smart contracts, without relying on centralized exchange storage. The smart contracts have been audited and approved by reputable auditing institutions, and the code is publicly available to ensure 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.

From Kine’s layout and development, it can be seen that the Kine Protocol team is achieving its goal of being safer and fairer than traditional centralized exchanges, and providing a better experience than existing decentralized derivative trading platforms, paving a feasible path for investors in the DeFi world. In 2024, Kine will maintain an open mindset, continue to learn and adapt to market changes, create more value for users, and promote the flourishing development of the cryptocurrency industry.

(Note: Some of the content of 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 or investment advice of this website. Readers must conduct their own careful evaluation.

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