The core value and innovation of the project
The KITE project aims to address the issue of how machines can securely, efficiently, and cost-effectively exchange value with each other after the large-scale application of AI in the future.
A payment network born for AI: The KITE blockchain has nearly zero transaction fees (less than $0.000001 per transaction) and an average block time of about **1 second. This makes it particularly suitable for handling massive micro-payment transactions between AI agents, which traditional blockchains and even payment systems struggle to manage.
Addressing trust and identity issues for AI agents: The project provides verifiable on-chain identities for each AI agent. This helps reduce fraud in machine-to-machine transactions and clarifies responsibilities, forming the foundation for building a reliable autonomous economy.
Strong background and market enthusiasm: The KITE project has received investments from well-known institutions including PayPal Ventures, General Catalyst, and Coinbase Ventures. Its token was already listed for futures trading on major exchanges such as Binance and OKX before issuance, and created significant trading volume within hours of going live, reflecting high market interest.
