Kine Protocol has announced a zero-fee trading promotion for all users after its recent user experience upgrade completion. Meanwhile, the Cointelegraph-and-Kine Ask-Me-Anything event was held as scheduled, where Lei, CEO of Kine, explained the motivation of this decision and the vision of future decentralized finance (DeFi) standards.
What is Kine and why is it special compared to other DEXs?
Kine Protocol introduces the best trading experience in all aspects, including liquidity, capital efficiency, costs and speed to all derivative traders benefiting from its peer-to-pool liquidity model and hybrid infrastructure design.
Kine is about trading derivatives in a simple and secure way — a derivative decentralized exchange (DEX) with the highest leverage and the lowest cost.
Kine is a leading DEX delivering a fast, transparent and effortless way to trade derivatives on the Ethereum, BNB Smart Chain, Polygon and Avalanche chains. Kine’s protocol adapts a peer-to-pool liquidity model that ensures unlimited liquidity and low slippage. The liquidity pool allows traders to open and close derivatives positions according to trusted price feeds, avoiding the need for active market-making. The hybrid infrastructure design ensures even superior efficiency over most centralized exchanges.
Main features:
- Kine is the first DEX to support 100-fold leverage.
- Kine is currently ranked the third DEX on CoinMarketCap.
- A more flexible position management feature allows users to hold multiple positions on the same asset and manage them separately.
- Kine’s copy-trading feature is an educational tool for new traders to observe, follow and learn from professional trading strategies.
What is the meaning behind the zero-fee promotion?
The competition between DeFi and centralized finance lies in the aspects of cost, efficiency, user experience, security and transparency.
“I believe users do not choose between concepts but simply go for the best product that does better in all [the] above aspects. DeFi has natural advantages in security and transparency but normally doesn’t do well in the rest,” Lei said.
With the recent completion of the users’ experience upgrade, Kine has made significant improvements in efficiency and user experience. “The increased number of active users and their feedback has given us confidence that we are on the road to victory. Now, we are ready to tick the last box cost and bring the competition to a new level. This is the main drive for the zero-fee promotion,” Lei said.
Where does Kine’s roadmap lead to in the Web3 journey?
Although the project is still in the early stages of development, Kine has completed several milestones with the app for user experience in-line with a brand concept of guiding more people to learn and benefit from the DeFi world more flexibly.
The development of Web3 is changing rapidly. As one of the DEXs in the space, KINE pursues a high degree of decentralized product and innovation insight to speed up the process of the journey. From Kine’s Kickstarter project, a launchpad, to a nonfungible token marketplace, every detail consistently expresses the core of DeFi to include more who believe in Web3 and let everyone redefine and enjoy DeFi in their own way.
