After seeing dozens of projects raising the banner of "founders" and having nothing but a blue interface and some certificates, Kit brought something different.
The experience that made me believe in their idea:
I was working with a team building a DEX for trading digital stocks, and we faced one killer problem:
Traditional banks refuse to deal with us because their outdated systems cannot automatically verify AML/KYC on-chain.
Kite solved the problem in a very smart way:
Instead of forcing banks to change their systems, we let them use their current systems, and Kite is the one that adapts.
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The point I liked most - technical humility:
Kite's project is not saying "demolish the old system", but saying "let me be the bridge between you and the new world".
The analogy that came to my mind:
· Other projects: like a new taxi company going to the customer and saying, "Trade in your old car and buy our car"
· Kite: like a company installing an electric charger for your old car, letting you enter the new age without selling your car
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How we operated the system with our team (real experience):
1. Digital footprint (Credential):
Every employee here received a cryptographic credential from a certified auditor (like Onfido)
2. Smart Policies:
We understood the internal rules of the company:
· Any transaction over $50,000 requires manager approval
· No transactions after 8 PM
· No transfers to countries on the blacklist
3. Automated execution:
Once a programmer tried to send $60,000 after 10 PM, the system stopped it and requested approval. The managers approved remotely, and the transaction was completed.
The difference: no need to log into the system every day to check transactions. The system itself enforces our rules.
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The AI that truly understands regulation:
In Kite, the AI agent:
1. Not just buying and selling
2. Records every step in a way that is acceptable to legal reviewers
3. If an auditor asks you: "Why did you buy these shares?"
You can show a complete record: time, reason, responsible person
And this changes the game for banks, as they are bound by strict regulatory laws.
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The challenges we faced practically:
1. Cost: the system is 30-40% more expensive than regular solutions
2. Complexity: we needed 3 weeks of training for the team
3. Integration: integrating the system with our accounting software (like QuickBooks) was difficult
But the benefits:
· We saved 80 hours a month that were spent on manual reviews
· We reduced human errors by 95%
· We can now work with large companies that used to refuse to work with us
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The code $KITE - a realistic opinion:
Tried their governance system:
· Positive: voting on new policies is smooth and fast
· Negative: You need a large amount of KITE to have a real impact
· Strange: Most votes have no conflict, because the community is more technical than speculative
My advice:
If you want to invest in KITE, think of it as a subscription fee for an integrated system, not as a lottery ticket.
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Comparison with reality:
The need for traditional banks is Kite
Compliance is a complete team, high costs are automated, on-chain
Speed days for a single transaction minutes
Auditing papers, files, expensive storage of immutable digital records
Flexibility is hard to modify by changing one code
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The risks that no one talks about:
1. Dependence on certification issuing authorities: if a company like Onfido fails, the whole system is affected
2. Changing laws: if a country changes AML laws overnight, the system needs a quick update
3. Standardization: each bank has different internal systems, hard to create one system that fits all
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A final word from 6 months of use:
Kite is not for everyone:
· ✅ Suitable for you if: you have an organized financial company or want to deal with institutions
· ❌ Not suitable for you if: you are an individual or have a small project
Summary:
Kite won't be seen in the headlines because it's an infrastructure project, not a noise project.
But this is exactly what makes it important:
Tall buildings are not visible unless the foundation is strong.
And Kite builds the foundation of the new financial architecture...
Calmly,
Without noise,
Without anyone asking, thank you.
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