Kinetix, an AI-powered DeFi hub, is making waves in the cryptocurrency space. A year after launching its cutting-edge platform and securing high-profile DeFi partnerships, Kinetix recently announced the upcoming launch of its own token, KAI. The project’s initial decentralized offering (IDO) has already shown significant interest and is scheduled to be completed on June 18th, while the official KAI token launch is scheduled for June 20th.
Tokens anxiously anticipated with tears before launch
Rumors surrounding Kinetix’s KAI token began in early June. The project joined Eclipse Finance, a launch platform for Twitter Space, on June 5 to discuss the KAI token, IDO process, and participation details. On June 12, Kinetix announced the listing of KAI on Gate.io, a respected centralized exchange (CEX). This marks the first time the platform has collaborated with CEX, opening the way for significant liquidity for KAI tokens. KAI tokens can also be found in Ape Terminal.
The response was overwhelming. By June 13, over 75,000 unique participants had registered with IDO, eager to be whitelisted. Currently, KAI IDO is oversubscribed by more than 45 times. Once the token becomes publicly available, huge demand is expected to spread to secondary markets on both decentralized exchanges (DEXs) and CEXs.
What’s next for DeFi Trend Hub
The KAI token launch is just the beginning for Kinetix. The project has already incorporated some powerful AI-based features, and more innovations are coming soon. Kinetix is at the forefront of so-called “3rd generation DeFi” by combining cutting-edge technology and decentralized finance.
Kinetix’s recent IDO success highlights the community’s recognition of the project’s potential. While many DeFi projects focus on building a strong user base across their protocols, Kinetix aims to go further by fostering a dynamic and strong community by integrating native utility tokens.
main points
As Kinetix prepares to launch the KAI token on June 20th, the project is poised for significant growth and innovation. With cutting-edge AI integrations and strategic partnerships, Kinetix is well-positioned to drive the next generation of DeFi advancements. The oversubscribed IDO and upcoming CEX listing indicate strong market confidence and expectations. All eyes are on Kinetix as it prepares to deliver on its promise to revolutionize the DeFi landscape.