Kine is a decentralized protocol which establishes general purpose liquidity pools backed by a customizable portfolio of digital assets. The liquidity pool allows traders to open and close derivatives positions according to trusted price feeds, avoiding the need of counterparties. Kine lifts the restriction on existing peer-to-pool (aka peer-to-contract) trading protocols, by expanding the collateral space to any Ethereum-based assets and allowing third-party liquidation.
For more detailed documentation on Kine protocol please check our whitepaper.
Connect to Kine Finance dApp, enable the token you want to stake, let’s say you want to stake WBTC.
click “Enable”, then “Use WBTC as Collateral”
Approve the transaction and wait for a bit, your WBTC will be enabled. Now click “Add”
Approve WBTC for staking
Approve the transaction and wait for a bit, the approve button will change to “STAKE”.
Now input your staking amount, or click “Max” to stake all the token balance. Then click “STAKE”
Approve the transaction and wait for a bit, your staking value will increase.
Mint kUSD now that you have spare staking value.
80% is the predefined max percentage that you can mint into kUSD from your staking value. Input amount then click “MINT”
Approve the transaction and wait for a bit, you will be able to see your kUSD balance increased and available for wallet transfer. Click on the “+” button to add kUSD or Kine to your wallet.
Why trade on Kine Exchange?
Up to 100x Leverage
Users can trade with up to 100x leverage, while enjoying 24/7 guaranteed liquidity and transparent fees.
Cross Margin on Any Asset
Virtually any asset can be supported by the peer-to-pool engine, whether it’s BTC, ETH, altcoins, gold or fiat. Kine also supports state-of-the-art cross margining, maximizing capital efficiency.
Zero Slippage and Guaranteed Execution
Every trade will be executed against real-time price feeds with zero slippage, guaranteed by our over-collateralized liquidity pool.
Connect to Kine exchange: https://kovan.kine.exchange
Metamask users can connect directly without registration. By clicking “Connect with Metamask”, you will be asked to sign a message (no gas consumption) and you will be logged into kine.exchange within a few seconds. Email/mobile signups will be supported at a later stage.
“Balance” tab shows your assets in each account of the trading platform. Click “Deposit” to get your deposit address. You may transfer your kUSD to the given address, like most crypto exchanges. Your token balance will be updated after 12 blocks’ confirmation.
To start trading, transfer kUSD to Cross Margin account.
You may select asset, check its price movement and funding rates at the top-left section.
Check account equity, asset, debt, leverage liquidation price (Isolate mode asset only) and place order:
Check order history:
Account transfer history at “Balance” page.
Currently only on Android
Scan QR code to login with app
Connect to Kine Staking dApp, click “Burn”, note that you have to wait for at least 45 min to burn debt after minting kUSD.
Input the amount kUSD you want to burn, and then click “BURN”. “Max” will burn all your kUSD balance or 100% debt.
Once the transaction is approved and mined, your debt value will decrease by the kUSD amount you have just burned.
Click “Add” to manage your staking assets, and highlight “WITHDRAW”.
Enter the withdraw amount, “Max” will fill all of the staking asset available for withdraw, up to the amount that your outstanding debt allows.
Approve the transaction and wait a bit, your wallet balance will increase by the amount you just withdrawn.
Click “CLAIM” to get your claimable rewards
Approve the transaction and then your Kine balance will increase by the amount you just claimed.
In Kine ecosystem, there are several major roles in play.
KINE is Kine Protocol’s native protocol token, currently issued on Ethereum following ERC-20 standard.
Token contract address: 0xCbfef8fdd706cde6F208460f2Bf39Aa9c785F05D
The KINE token is a utility token designed to facilitate community governance and incentivize the virturous circle of Kine Ecosystem.
Token Specs
Token Name: Kine Governance Token
Token Ticker: KINE
Token Type: ERC-20
Token Supply: 100,000,000
Token Utility
Governance
Once mature, Kine will gradually transition to community governance, allowing the community to decide the future of the protocol. KINE token holders may stake their KINE to vote on or propose new ideas to improve Kine Protocol. Some of such decisions could be:
Staking
Token Distribution
Token Release Schedule (excluding Ecosystem Grant)
No lockup – tokens are liquid upon purchase.
🔒 🔒 25% to be unlocked 6 months after IDO; the remaining 75% vested linearly over the next 18-month.
🔒 10% to be unlocked immediately after IDO; 60% to be vested linearly over the next 12-month; the remaining 30% to be vested over the 2nd year.
🔒 25% to be unlocked immediately after IDO; 75% to be vested linearly over the next 12-month.
🔒 25% to be unlocked prior to initial listing; the remaining to be unlocked in monthly batches in the next 12 months.
source : https://www.youtube.com/watch?v=ltci58bz-X4
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KINE has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy KINE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since KINE is an altcoin we need to transfer our coins to an exchange that KINE can be traded. Below is a list of exchanges that offers to trade KINE in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase KINE from the exchange.
Exchange: Bibox, Balancer, LBank, and DODO
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once KINE gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information KINE
☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Coinmarketcap
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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