After seeing dozens of projects raise the banner of "institutional" with 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 fatal 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Traditional banks refuse to deal with us because their outdated systems cannot automatically verify AML/KYC on-chain.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, they can use their existing systems, and KITE adapts.
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The most impressive point to me - technical humility:
KITE's project doesn't say "destroy the old system", but says "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 that goes to the customer and tells them "Break your old car and buy our car"
· KITE: Like a company that installs a charger for your old car, allowing you to enter the new era without selling your car
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How I operated the system with our team (real experience):
1. Digital fingerprint (Credential):
Every employee in our company received an encrypted 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. Automatic execution:
Once a programmer tried to send $60,000 after 10 PM, the system stopped it and asked for approval. The managers approved remotely, and the transaction completed.
The difference: No need to enter the system every day to check transactions. The system itself enforces our rules.
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AI that truly understands regulation:
In KITE, the AI agent:
1. It doesn't just buy and sell
2. It records every step in a way that auditors can accept
3. If a reviewer asks you: "Why did you buy these stocks?"
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: Merging the system with our accounting programs (like QuickBooks) was difficult
But the benefits:
· We saved 80 hours a month that were spent on manual review
· We reduced human errors by 95%
· We can now work with large companies that used to refuse to deal with us
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Code $KITE - Real opinion:
I tried their governance system:
· Positive: Voting on new policies is smooth and quick
· Negative: You need a large amount of KITE to have a real impact
· Strangely: 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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The comparison with reality:
The need for traditional banks is KITE
Compliance is a complete team, high costs automatically, on-chain
Speed days for a single transaction minutes
Auditing documents, 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. Relying on certificate issuing entities: If a company like Onfido collapses, the entire 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, it's 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 you want to deal with institutions
· ❌ Not suitable for you if: you are an individual or have a small project
Summary:
KITE will not 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 only visible if the foundation is strong.
And KITE builds the foundation of the new financial architecture...
Calmly,
Without noise,
And without anyone asking, thank you.
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