On October 31, Binance announced its 71st project on the Launchpool platform before listing it – Kite (KITE). The crypto exchange created the Launchpool platform to allow users to lock their crypto assets to receive token airdrops.
Binance users will be able to lock their BNB, FDUSD, and USDC to receive KITE airdrops over 2 days. Farming will start on November 1st at 00:00 (UTC) and will last until November 2nd at 23:59 (UTC).
What is Kite AI (KITE)?
Kite claims to be the first AI payment blockchain, building a foundational infrastructure that empowers autonomous agents to operate and transact with identity, payment, governance, and verification. Kite is purpose-built for the autonomous economy.
The project is backed by PayPal and General Catalyst.
Kite’s Agentic Network allows users to discover and list agents on the project’s network, allowing for shopping and ordering groceries, hailing rides, or buying gifts, everything via a single service.
Building AI Agents
According to the project’s official website, Kite allows users to build agents “with superpowers”, offering:
- Verifiable cryptographic identity – AI models, agents, databases, and digital services maintain a unique, verifiable ID to support traceability, governance, and provenance.
- Programmable governance – Provides control over delegated permissions, usage constraints, and spending behavior, essentially governing how AI agents operate autonomously.
- Native access to stablecoin transactions – Agentic payments translate into instant, machine-native value transfers, with almost zero fees, enabling autonomous systems to discover, negotiate, and pay for services, having access to stablecoins.
Kite Chain
The Kite chain is described by the project as “the backbone of the Agentic Economy.”
Kite chain is a purpose-built L1 for AI, powered by PoAI (Proof of Artificial Intelligence), which:
- Drives ecosystem alignment
- Supports sustainable growth
Official data on the project’s website says that Kite has 1-second average block time, 1.7 billion agent interactions, with over 1 million in the highest daily agent interactions.
What is KITE?
KITE is defined by the project as the “economic engine powering the first blockchain for AI agent payments.” The KITE token is described as the key to a new world where autonomous agents become true economic actors.
Token Utilities
KITE token has the following utilities:
- Ecosystem alignment – Offering protocol-to-protocol incentives to promote the supply of and demand for agentic services in ways supporting long-term ecosystem growth and outcome-based value creation.
- Rewards based on contribution – Staking KITE secures the network and offers users eligibility to perform services for rewards.
- Network governance – KITE holders can vote on key decisions, including module onboarding, reward allocation, and system upgrades for a better-shaped future of the network.
- Network growth participation – KITE token value is directly tied to network revenues and usage via multiple mechanisms, benefiting holders.
- Developer incentives – Contributors can earn KITE tokens by building agents, launching modules, or supporting adoption via grants and community initiatives.
Tokenomics and Allocation
The total supply of KITE is 10 billion tokens and will be distributed as follows:
- 48% goes to the ecosystem and community.
- 20% goes to Kite modules powering agentic workflows, earning rewards based on verified usage; Kite modules are specialized services (supply side, including compute, models, data, or demand side – agents, apps, protocols).
- 20% goes to the team, advisors, and early contributors.
- 12% goes to investors.
Binance’s Launchpool token rewards will be 1.5% of the total KITE supply, or 150 million tokens, while another 50 million tokens will be allocated to other marketing campaigns in batches 6 months after spot listing on the exchange.
Binance’s KITE Listing Details
Binance will list KITE on November 3rd, at 13:00 (UTC), and will open trading for the following pairs:
- KITE/USDT
- KITE/USDC
- KITE/BNB
- KITE/TRY
KITE will be listed with the Seed Tag applied, meaning potential high volatilty of the token. First, the exchange will list KITE on Binance Alpha, the platform created to showcase early-stage projects with growth potential in Web3.
The initial circulating supply at Binance listing will be 18% (1,8 billion KITE tokens) of the total token supply. In its official announcement, the exchange also listed the KITE addresses on BNB Smart Chain, Ethereum, and Avalanche.
