Felix Pinkston
Nov 01, 2025 09:37
Binance announces Kite (KITE) as its 71st project on Launchpool, introducing an AI-focused blockchain platform backed by PayPal and General Catalyst.
Binance has introduced Kite (KITE) as its 71st project on the Launchpool platform, marking a significant addition to its diverse array of blockchain initiatives. This announcement, made on October 31, sets the stage for Kite to leverage Binance’s platform to distribute its tokens through airdrops, offering users the opportunity to lock BNB, FDUSD, and USDC in exchange for KITE tokens.
Understanding Kite AI (KITE)
Kite is heralded as the first AI payment blockchain, designed to facilitate autonomous agent operations with features such as identity, payment, governance, and verification. Backed by notable institutions like PayPal and General Catalyst, Kite aims to create a robust infrastructure for the autonomous economy.
The platform’s Agentic Network allows users to interact with various agents for everyday tasks, from grocery shopping to ride-hailing, through a unified service. Kite’s innovative approach includes building AI agents with distinct capabilities, including verifiable cryptographic identity, programmable governance, and native stablecoin transactions.
The Kite Chain and Its Significance
Kite Chain, the backbone of the Agentic Economy, operates as a Layer 1 blockchain tailored for AI, utilizing Proof of Artificial Intelligence (PoAI) to drive ecosystem alignment and sustainable growth. The chain boasts a 1-second average block time and significant agent interaction metrics, highlighting its efficiency and potential for scale.
KITE Token: Utilities and Tokenomics
The KITE token serves as the economic engine of the AI agent payment blockchain, offering various utilities such as ecosystem alignment, contribution-based rewards, network governance, and growth participation. The total supply of KITE is capped at 10 billion tokens, with allocations directed towards ecosystem development, team incentives, and investor interests.
Binance’s Launchpool will distribute 1.5% of the total KITE supply, amounting to 150 million tokens, with additional marketing efforts planned post-listing.
Binance Listing Details
Binance plans to list KITE on November 3, opening trading for pairs including KITE/USDT, KITE/USDC, KITE/BNB, and KITE/TRY. The token will debut on Binance Alpha, a platform showcasing promising early-stage Web3 projects. Initial circulation will comprise 18% of the total supply, approximately 1.8 billion KITE tokens.
For further details, Binance’s official announcement provides comprehensive insights into KITE’s integration and future prospects.
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