The Trending AI-Powered DeFi Hub Kinetix Delivers Massively Oversubscribed IDO, Slates Official KAI Token Launch for June 20
After an action-packed opening year launching state-of-the-art platforms and securing blue-chip DeFi partnerships, AI-powered DeFi hub Kinetix made waves across the crypto space in early June with the public announcement of its forthcoming native token, KAI.
After an action-packed opening year launching state-of-the-art platforms and securing blue-chip DeFi partnerships, AI-powered DeFi hub Kinetix made waves across the crypto space in early June with the public announcement of its forthcoming native token, KAI. With the project’s IDO (Initial Decentralized Offering) already underway on powerhouse launch platforms Ape Terminal and Eclipse Finance, Kinetix has made yet another high-impact foray into Web3’s high-octane DeFi scene as a DeFi protocol with native capital, a DAO (decentralized autonomous organization) on the way, and a growing market underneath it all.
An Anxiously Anticipated Token on a Pre-Launch Tear
The project joined launch platform Eclipse Finance on a June 5 Twitter Space where the two discussed the KAI token, the IDO process, and how to participate. Then, one week later on June 12, Kinetix officially announced the listing of KAI on highly respected centralized exchange (CEX) Gate.io, marking the platform’s first engagement with a CEX and opening up a major opportunity for the KAI token to garner substantial liquidity.
The results were both impressive and impactful as a massive influx of users flocked to both of Kinetix’s selected IDO platforms to get on the whitelist for their opportunity to carve out an
allocation of KAI. As of June 13, more than 75,000 unique participants have registered for the IDO, which will conclude on June 18 UTC. According to recent estimates, the KAI IDO is more than 45 times oversubscribed, the project anticipates exponential demand will likely spill over into secondary markets on both DEXs and CEXs once the token is officially launched and available to the full public.
The Next Steps for DeFi’s Trending Hub
Per Kinetix’s recent communications, the KAI token launch is merely the beginning of the project’s next chapter. Kinetix has a series of powerful new features driven by AI integrations already live, with more on the way. As a project dedicated to cutting-edge innovation and what it calls the “Third Generation of DeFi”, the sky appears to be the limit.
Per its recent IDO activity, Web3’s burgeoning DeFi community has demonstrated that it knows all too well that a DeFi project with a protocol can amass a robust user base, but a DeFi project with a protocol and a native utility token can build an electric and powerful community. Along with all its extremely modernized AI integrations, Kinetix has all the pieces in place, and is preparing for a meteoric ascent.