Kite Launches Token, Sees $263M in Early Trading Volume
Kite, an AI-powered payments blockchain, has debuted its native token with strong early market activity, trading across Binance, Upbit, and Bithumb. Within hours, the token hit a $159 million market capitalization and an $883 million fully diluted valuation (FDV), generating a combined $263 million in trading volume.
The blockchain underpins what Kite calls an “agentic economy,” where autonomous AI agents can transact, pay, and access data using the native token. This approach aims to streamline digital payments while leveraging AI for automated financial operations.
Kite’s total supply is set at 10 billion tokens, with 48% allocated to the community, 12% to investors, and 20% to the team and early contributors. The company completed an $18 million Series A raise in September to support the project’s growth and ecosystem development.
Early performance indicates strong investor and community interest, reflecting broader enthusiasm for AI-integrated blockchain solutions. Kite’s launch also demonstrates the growing intersection of AI and decentralized finance, where tokens facilitate both utility and governance within autonomous networks.
Takeaway: Kite’s token debut highlights a shift toward AI-driven, programmable financial ecosystems, signaling new opportunities for developers, investors, and crypto-native users looking to engage with automated, blockchain-powered services.
Q: What is Kite’s primary use case?
A: To enable AI agents to transact, pay, and access data within a decentralized “agentic economy.”
Q: Where can the token be traded?
A: Initially on Binance, Upbit, and Bithumb.
Q: How is the token supply allocated?
A: 48% to the community, 12% to investors, 20% to the team and early contributors, and the remainder for ecosystem development.
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Kite launches its AI-powered payments token with $263M in early trading volume, signaling growing adoption of AI in decentralized finance.
Disclaimer: Not financial advice.
