We are pleased to announce our next AMA on June 8th 2021 at 01:00 PM UTC Time: Satoshi Club x Kine
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Kine Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Kine Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Kine
For more details:
Kine Website – kine.io
Kine Telegram – @kineprotocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
KINE is said to be introducing synthetic funding fees to balance long/short exposures and reduce impermeant P&L, So how does this your idea of using synthetic funding fees work, and how does this balance long/short exposures when trading derivatives on KINE exchange….
KINE Exchange is implementing on its platform a peer-to-pool model, this model has been used by other projects such as Synthetix and Compound finance, but KINE Exchange is said to be implementing a more improved version of this model, so how does KINE exchange implement the peer-to-pool model on its platform, and what are the features and improvements that KINE is implementing in this Model when compared to implementation of the model in other Platforms..
It is stated that In KINE ecosystem, there are several major roles in play which are stakers, traders and liquidators. Stakers and traders are more common roles found in other platforms, but what is the role of liquidators in KINE ecosystem, what functions do they perform, and how can a user become a liquidator and benefit from the role in KINE’s Ecosystem.
Kine is a decentralized protocol that establishes general purpose liquidity funds backed by a customizable portfolio of digital assets. What benefits does the liquidity fund allow operators? Does Kine lift the restriction on existing peer-to-peer business protocols or focus on supporting it like other existing projects? Are you currently focusing on the Ethereum network only or are you operating on other networks?
Kine is a decentralized protocol that establishes general purpose liquidity funds backed by a custom portfolio of digital assets. Are the loans offered by Kine guaranteed? On what assets are they based for the guarantees, ERC-20 OR TRC20? What are the characteristics that the Kine protocol complies with? What are the assets that can be wagered?
The debt limit is equal to the market value of the participating asset multiplied by the guarantee factor. Why price governs the value of the assets at stake? Do the assets staked on the contracts increase the user’s debt limit? What are the assets at stake? Do users have the flexibility to choose one or more share assets? Can users form their own collateral portfolio?
Kine is a USD-linked synthetic digital asset backed by the liquidity pool. What is the minting of kUSD and debts? Can users with unused debt limit coin kUSD? Is kUSD the only asset accepted by Kine Exchange? Can the MCD value increase or decrease?
Stakers act as pooled counterparties for all traders on the Kine Exchange and bear the risk of MCD price movement. When the liquidity pool incurs a business loss, does the price of the MCD go up or down? When the liquidity pool makes a trade profit, does the price of the MCD fall? Do investors have the option to hedge this risk? What actions must we take to cover the risk?
I understand that Uniswap is a third party exchange but which KINE relies on to exchange its token. How will the income distribution be carried out? Will trading fees and funds raised by Kine Exchange be distributed to liquidity pool participants? Can Stakers periodically claim their distribution contract rewards?
If the DCM pool fluctuates while they are betting, they may need to burn more or less kUSD than they originally minted. What should a participant do when he wants to withdraw guarantees or exit the system? Are DCMs returned to the loan system and does the unused debt limit increase? With the unused debt limit, can the user withdraw part or all of the assets staked?
The proportion eligible to close, a close factor, is the portion of the MCD that can be repaid, and ranges from 0 to 1, such as 25%. The settlement process can continue to be called until the user’s outstanding MCD is less than their debt limit. Any Ethereum address that owns kUSD can invoke the settlement function. If a participant’s outstanding MCD value exceeds their debt limit, can a portion of the outstanding MCD be repaid? How could it be reimbursed?
The contract acts as a risk controller by allowing or rejecting the actions of users according to their guarantee statements vs. liquidity. The contracts maintain records of Multiple Collateral Debt (MCD) and work with the contracts to control the supply of kUSD. Do the contracts accept user participation assets? Can users redeem participation assets?
1. As we already read that Kine is a decentralized protocol that establishes general purpose liquidity funds backed by a customizable portfolio of digital assets. What is kine? What can your protocol do for us? What is your purpose with digital assets? What are its characteristics in the kine protocol?
2. Burning kUSD With the unused debt limit, the user can withdraw part or all of the staked assets. What is the unused debt limit? What is the total assets bet? According to your reading, what is the kUSD good for us? What is its characteristic?
It caught my attention that Kine Protocol describes itself as a “fast, transparent, and effortless way to trade derivatives on Ethereum”, what caught me was that promise of having low, transparent fees, which is something that we know is hard to achieve with Ethereum. So, how do you plan to achieve this low fees? Because I read that you won’t be using a Layer2, so, can you tell us how will you do it then? What other solutions do you have for this high gas fees Ethereum has? How will they be better options than a Layer2 solution?
I read that one of the benefits users have thanks to Kine is that: “ You can dynamically hedge the impermanent risk through KINE’s real-time pool exposure API”. Can you tell us more about this? How will Kine’s real time pool exposure API help on hedging risks? Will you have other ways for users to prevent risks on your platform? Also who can exactly take advantage of this benefit?
It caught my attention that Kine will have a “Multiplied Staking Rewards System, where staking rewards are comprised of both trading fees from Kine Exchange and token distributions from the Kine Ecosystem Grant”. Can you tell us more about this reward system and how does it exactly work? Also, what is this Kine Ecosystem Grant? How can users get tokens from it?
Why did KINE choose to implement on peer-to-pool model instead of derivatives trading? Currently, there are quite a few protocols using the peer-to-pool model such as: Synthetix, Hegic and FinNexus, … What is the advantage of KINE with these protocols?
For me, security is a top priority, can you provide information about “Audit Contract”?
In a project,Token burn is beneficial to control the number of token circulation and to provide greater incentives to your investors.Can you please tell us about your Tokenomics?Does this great project of yours have a plan about token burn?
I noticed that Kine uses a Hybrid model of on-chain and off-chain settlement that it accept gas fees for staking and marginal transfers and it does not accept activities done on trading.Building a Hybrid Model won’t be easy can you please tell us the challenges you faced while developing such project?
Kine has a staking pool and a staking portfolio which is a sophisticated protocol design that provies traders with flexible portfolio management making it easy for traders to add or remove easily staking assets without needing to close or modify positions.What is the difference between Kine pool and Kine staking?What are those protocol designs?Can you explain how flexible the portfolio management is?And can you explain how to Stake in Kine?
Hi KINE!
I read KINE tokenomics and couldn’t help but notice a huge portion of the token supply dedicated to the Ecosystem Grant: 40,000,000 (40%)! Please share some plans that you have for the Ecosystem Grant. Who will be the benefactors of these grants and how they will be selected. What exciting new features and partnerships do you have in store that will help grow the ecosystem? Thank you!
Hi KINE!
Can you explain in more detail how the peer-to-pool engine works? I read in the KINE whitepaper that orders submitted to a peer-to-pool engine are filled at an exchange rate through price feeds supplied by an oracle. It also says that this provides infinite liquidity up to the total value of the pool and zero slippage. Can you please elaborate on how exactly you achieve infinite liquidity and zero slippage? This sounds like a game changer on the DEX landscape! Thank you!
Hi KINE!
I would like to learn about the functions of the Controller. In the whitepaper I read that Controller implements the risk management functionality of the Kine Protocol, it evaluates users’ liquidity on their attempts to withdraw collaterals or take on more debts. How exactly does it control the amount of debt the user can incur or reduce? What algorithms does the Controller use to calculate the proportion of users’ debt subject to liquidation when a user becomes under-collateralized? Thank you!
Since trades happens off chain on Kine Exchange, how will Multi Collateral Debt Pool price be updated when minted kUSD gets transferred to Kine Exchange for trading?
KINE has entered the market quite successfully. People’s expectation was high and the pre-launch rewards for testnet was very good. However, it did not continue after the launch. What happened? Is everything fine with the project?
The price of $KINE is still high as it deserves to be since the launch. Sometimes it becomes little bit active but not for so long. What will be your moves to higher the value of $KINE in the future? Do you have some plans already?
I follow KINE projects from the beginning, and it was quite surprising for me that it was not possible to deposit $KINE. What was the reason of this? I also would like to ask the benefits of holding $KINE in Kine exchange.
According to your white paper, Kine Exchange currently uses an hybrid approach where trading is carried out off-chain. I will like to know if Kine protocol dev team have plans to move its off-chain engine to a high-performance L2 rollup (like Zk roll-up, Optimistic roll-up), so that trading is done fully on-chain?
What is the difference between kine protocol and a broker specialized in fofex?
¿Cuenta el proyecto kine protocol con una asesoría continua y capacitación a los usuarios que quieren ingresar?
Kine Protocols has a Reduced Risk feature, what strategies are implemented in the platform to reduce the risk while trading?
Virtually any asset can be supported by the peer-to-pool, including fiat. Which fiat tokens are supported on Kine protocol, and what would be the requirements to trade with fiat?
Could you tell us what unique features you want to include on Kine to entice consumers to participate in your project?
You said virtually any asset can be supported by Kine’s peer-to-pool engine. You mentioned BSC, ETH, and even gold or fiat. This is, of course, to help the platform expand, encouraging users to trade and consequentially promoting the use of your protocol. However, this might provoke unwanted fees. Could you explain what exactly are Kine’s plans to resolve or alleviate these issues? You also support cross-margining, do you consider this to be a less risky trading method than others?
Kine Protocol continues to grow in utility and adoption, thereby evolving the process to transfer KINE across Ethereum and other smart chains. What bridges can be used for transfer KINE, what are planned in the future and what difficulties did you have to overcome? Somewhere we can see instructions on how to transfer KINE, for example, in the BSC network?
Kine aims to provide “the perfect staking pool” in your opinion what must have a staking pool to be perfect? and how is the Kine’s one better than other derivative markets? Can you tell us all the benefits you’re offering?
About your staking feature, I saw that all trading gains and losses will be settled in kUSD, but this process isn’t exent from fees, can you tell us how affordable are the trading fees on your platform? Should them be paid in kUSD as well? And what’s the final destination of these fees?
Derivatives are one of the largest and fastest growing sectors in the current financial system. Who are your biggest competitors at the moment, what is the advantage of Kine Exchange over them and what is unique about derivatives trading on the Kine Exchange?
The Kine Protocol income distribution model is set in such a way that, the trading fees and fundings collected by Kine Exchange will be distributed to the liquidity pool stakers. These incomes are accumulated in kUSD, but would be converted into KINE tokens upon distribution request. As this model is meant to encourage investment and trading, does the amount of a user’s distributed income solely depend on the amount of staked KINE tokens in their pools, why would the exchange opt to accumulate these income in the form of a synthetic asset as kUSD, and how often can these rewards be claimed by the stakers?
It got my attention that when a staker wants to withdraw collaterals or exit the system, they must pay down their debt by burning kUSD. Can you please explain more about this process? How does affect the fluctuations of the Multi Collateral Debt when the kUSD are going to be burned? And when this process is done, can the users withdraw all of the staked assets?
kUSD is the primary stablecoin of Kine Protocol and it’s accepted as the only margin assets on Kine Exchange. You promote the adoption of kUSD beyond your native exchange, so users may supply kUSD on Uniswap and other DEX to earn KINE from your farming schemes. Can you explain why is so important the adoption of kUSD beyond your platform? How does it benefit the Kine users and the project in general?
The Kine Protocol is currently going through a cross-chain token transfer, specifically to OKEx Chain and Binance Smart Chain. I would like to know, what motivated you to perform this cross-chain token transfer? Is it because of the issues of Ethereum? And aside from the two chains mentioned, will you be integrating other networks in the future?
While looking for information about Kine Exchange, I read that you have some kind of affiliate program. Can you tell us more about this? Who can take part in this program, how to do it, and how do the participants benefit? What other programs does Kine have for the community (for Stakers, Traders, Liquidators and KINE token holders), partners, investors? Is there a referral and ambassador program?
From a careful study of Kine’s token distribution, out of a total supply of 100 million KINE tokens, 40% of it is allocated for the Kine Ecosystem Grant, which is an investment set aside to improve and grow the ecosystem. Even as these token allocations are necessary and help to cater for the long term development of the Kine project, what specific areas of improvements would these grants most likely cater for, what are the release schedule of these tokens and how would they be accessed, and would there be possible consideration to future increments of the grant allocation?
I discovered that Kine aims to solve the high Ethereum fees problem with an onchain settle/clearing + offchain execution infrastructure, can you explain in simple words how does it work and if it is compatible with other chains?
Your derivative markets are principally aimed for Ethereum, we all know the DeFi ecosystem is constantly evolving, do you plan to expand your limits to other chains in the future? Why did you choose to build around the Ethereum ecosystem in the first place?
You point out that users can operate with leverages in Kine, with great liquidity and transparent fees, but really all ETH-based platforms don’t have “transparent fees”? Or really in KINE will rates be much more transparent?
One of the big problems of the exchange and swap platforms in ETH, is that they contain great slippage, therefore, how will Kine be able to completely eliminate that slippage?
I read on your website that Kine will have a platform with reduced risk, but really this reduction in risk refers to the risk of being attacked by hack and losing assets, or simply the existing risks in operations with leverage, which generate large losses if is it a bad operation?
I understand that when you trade on the Kine Exchange, you can get zero slippage profits and at the same time have great liquidity and high leverage, but really how many tokens and coins can you trade on your platform? Will all existing ERC20 tokens be in Uniswap?
To be able to carry out operations with leverage, will it be necessary to hold or have stakes with KINE? Or will it simply influence a few benefits, allowing you to operate without it?
Ustredes say that decivative platforms have not been widely adopted because they do not have an ideal or sophisticated infrastructure, but could you really explain what they mean by “sophisticated”? really what are the characteristics that an infrastructure must contain to be it? Do they have to be attractive and instead of being practical?
Existing Cex derivative platforms in which they do not require high fee costs when operating, and also have great facilities such as Binance Futures, why should we prefer to operate with Kine and pay high ETH fees?
The benefits offered by this exchange are really great, but the problem is that being from the ETH network, the fees for each operation will be extremely high, right? or has Kine really somehow managed to reduce these fees?
It strikes my attention that your pools are called “The perfect game pool”, but are they really “perfect”? If so, what characteristics do they have that achieve this perfection, that your competitors’ pools do not have?
on its website the 3 main reasons why it argues that we should trade on Kine Exchange are:
1. Leverage up to 100x with 24/7 liquidity.
2. Cross margin on any asset
3. Zero slippage with guaranteed execution.
But, can we really always choose the maximum amount of leverage or will it be necessary to comply with certain parameters? On the other hand, what guarantees that we will really have liquidity on any asset and that all orders will be filled without depending on time?
For every user it is important that the tokens in which they invest are not only stable, but also profitable, so what elements guarantee the long-term profitability of KINE, how are you handling the price volatility that is emerging in the market and how are you working to prevent KINE from losing value and being discarded by the users who currently own it?
$KINE is a ERC20 token with 100,000,000 total supply, governed by $KINE holders. can we use $KINE on any other exchanges? 5% for Balancer Liquidity Bootstrapping Pool (LBP), 13% for seed supporters, 12% for private sale participants, 20% team advisors, 10% Liquidity partnerships & 40% for ecosystem grant were allocated when focusing tokenomics. Didn’t you host a burning protocal? Will there be a burning mechanism if the $KINE holders (DAO) decide that they want it? What about the governance of $KINE? Do you expect to host TGEs in future? If yes how about the inflation rate of $KINE?
Trading option on Kine Exchange is very incentivized for more traders due to it’s specific features such as Zero Slippage and Guaranteed Execution, Up to 100x Leverage & Cross Margin on Any Asset which utilises the full amount of funds in the Available Balance to avoid liquidations. Is it integrated with spot trading, Margin trading just like in Binance Exchange? How will you prvent slippage during periods of higher volatility when market orders are used & when a large order is executed but there isn’t enough volume at the chosen price to maintain the current bid/ask spread?
Impermanent risk of Kine staking protocal can be hedged through KINE’s real-time pool exposure API. Is this a incentivized feature to embrace more investors ro the platform?What is this real time pool exposure in kine platform? How about the mechanism of it? Can investors aquire benefits through this feature? How do users integrate with this feature?
Could I Stalk other Coins & Token from my Wallet? If yes do u take all ? If I only can stake your currency.. why I should do.. there are lots of similar Projects on the market.. please correct me If i am wrong..
Would it be possible to see the anticipated profits before I start to stake ?
How long do your Team working on this Project? Is this your Main-Job? What are your qualifications ?
As Kine Protocol plans to scale on both Ethereum and alt-chains, you face similar problems that Alpha Oracle Aggregator addresses. So can you tell us what common problems that you are facing that Alpha Oracle Aggregator might have to help in solving those problems? In line with this , do you have plan to implement or applied Alpha Oracle Aggregator in Kine Protocol network? If yes,do you already negotiated with them or you are already working with them by now? Thank you
Kine Protocol was just started last March 2021 if I’m not mistaken, and I noticed that you have almost 20 early supporters and this supporters is from different established platforms. So,if they are your early supporters,do you consider them as your long-term supporter for Kine Protocol? From those early supporters you have,can you tell us if you also plan to collaborate some of those platforms in the future? If yes, which of those platforms you are eyeing to collaborate with? What would be the good impact that those collaboration will bring to your network,to influence more investors and to attract more Community members? Thank you
It is risky for people to who never used leverage with cross margining to use 100x or even 5x leverage. Do you have a testnet for users to first try themselves and start learning how to use leverage on a dex? Because people would be frustrated once they face liquidation. Also how do you define the experience on KINE comparing with a centralized exchange leverage experience?
Kine Exchange is being discussed. You have a 100-fold leverage edge. Is it possible for all traders to choose the amount of leverage they employ, or are there conditions that must be met in order to access leverage at the maximum level? What about newcomers? Is KINE exchange designed with them in mind?
Kine is a defi protocol you can trade derivatives in a fast, transparent, and effortless way. It offers unlimited liquidity, up to 100x leverage, immediate execution, 0 slippage, 0 gas fee with cross margin support, extremely low latency with high throughput that is comparable with any cefi derivative markets. How about the security protocol of Kine would you mind tell us what is the security mechanism of Kine? And does your smart contract audited by third parties? Does it public?
Kine Exchange offers unlimited liquidity, up to 100x leverage, immediate execution, 0 slippage, 0 gas fee with cross margin support, extremely low latency with high throughput that is comparable with any cefi derivative markets. Would you mind tell us about the details of leverage, can we change or chise how many leverage we want? Does your exchange platform is easy to use especially for a newbie in crypto?
Kine can be staked and earning an tripple reward with APY of roughly 120%. Is this APY is fixed or vary? And aside from staking as one of features, Can you tell us what are the various features that you think can attract to Crypto and non-crypto investors?
Many new projects develop well at first, but then fail to achieve good results. How will you manage and develop your project to gain a position in the market and become a good project in the blockchain
Now gas fees is really high and KINE said have a way by using Hybrid approach that will make trading engines are run offchain and allow gas consumed only for margin transfer and stake but not consumed for trading activity. But why i have not hear other project adopted this way of method to calm down the high gas fees? Is this mean KINE the one who found this method?
Could you please tell us about your roadmap and plan to engage with investors during current market condition?
I would like to know more about the team, is anyone in the team experienced in other projects that successfully rolled out in the blockchain industry?
Could we know about some of your prominent investors and supporters?
I think project without cashflow but based on pure yield farming is going to die over time, so what can we expect from KINE Liquidity Mining Program and yield farming? If you dont mind to share with us, where do the mining or farming reward come from? And how is the calculation for distribution the reward?
I’m checking the way to staking in KINE platform. If user want to exit from staking or withdrawn their asset, they must pay fee or pay the debt with burn kUSD, but the MCD pool fluctuates makes they need to pay or burn more ( or less) kUSD than usual. Could you explain how the fee or debt system work? Is there any way if stakers want to reduce the MCD risk?
KINE is an Ethereum based token and having Ethereum, it is clearly understood that the gas fee in this network is crazily high. In contrast with this, KINE’s twitter bio mentioned ZERO GAS FEE. How is this possible? What solutions do KINE have to lessen the gas fee despite being in the Ethereum network?
I hear you said something about asset valuation model, can you explain more detail about this? As I know if your token price up it will makes the community grow fast but if the price down it will make negativity. So how are the way from KINE project to manage issue when your token price going down? How is your way to makes your community into a product oriented and not only a price oriented community?
Since Kine will support cross margin on any asset, can you provide on any information like what oracle Kine will use for price feeds? What will be the reliability of the oracles being for Kine?
You have mentioned that “Trading fees (up to 70%!) will be converted to KINE dynamically (via DEXs) and distributed as rewards” . This is good and to whom will be distributed these rewards? And if I need to eligible for these rewards should I trade on KINE exchange? And please explain us about the trading fees also. Do you have any plan to reduce the trading fees for KINE token holders?
Kine ! Name is quite different. If I am not wrong Kine means Cows collectively. So I would like to ask if Kine project is doing any betterment to actual “KINE” ? If not in present than do you have any future plans regarding it ?
As Kine is on Etherium platform but most of the investors actually don’t got for Etherium platform as its GAS fee is too high. This thing may result in the reduction of investers. On the other hand BSC platform charge really less fee. So do you have any plans in future to move Kine from Etherium to BSC ?