Discover Kite (KITE): Binance Launchpool’s Latest Addition and Its 71st Project

Key Points

• Binance announces 71st project on Launchpool platform, Kite (KITE), allowing users to lock crypto assets for token airdrops.
• Kite, backed by PayPal and General Catalyst, is an AI payment blockchain enabling autonomous transactions.

Binance has revealed its latest project on the Launchpool platform, Kite (KITE). The Launchpool platform was developed by the popular crypto exchange to enable users to secure their crypto assets and receive token airdrops.

Users of Binance will have the opportunity to lock their BNB, FDUSD, and USDC to receive KITE airdrops over a period of two days. The farming will commence on November 1st at 00:00 (UTC) and will conclude on November 2nd at 23:59 (UTC).

About Kite AI (KITE)

Kite is an AI payment blockchain that claims to be the first of its kind. It’s designed to provide a foundational infrastructure that empowers autonomous agents to operate and transact with identity, payment, governance, and verification. It is specifically built for the autonomous economy.

The project has the backing of PayPal and General Catalyst. Kite’s Agentic Network allows users to discover and list agents on the project’s network, enabling them to perform various tasks such as shopping and ordering groceries, hailing rides, or buying gifts, all through a single service.

AI Agents and Kite Chain

Kite allows users to build agents with unique capabilities. These include verifiable cryptographic identity, programmable governance, and native access to stablecoin transactions.

Kite chain, described as the backbone of the Agentic Economy, is a purpose-built L1 for AI, powered by PoAI (Proof of Artificial Intelligence). It drives ecosystem alignment and supports sustainable growth. The project’s website reveals that Kite has a 1-second average block time, 1.7 billion agent interactions, with over 1 million in the highest daily agent interactions.

KITE is the economic engine powering the first blockchain for AI agent payments. The KITE token is seen as the key to a new world where autonomous agents become true economic actors. The token has several utilities that include ecosystem alignment, rewards based on contribution, network governance, network growth participation, and developer incentives.

The total supply of KITE is 10 billion tokens and will be distributed with 48% going to the ecosystem and community, 20% to Kite modules, 20% to the team, advisors, and early contributors, and 12% to investors.

Binance’s Launchpool token rewards will be 1.5% of the total KITE supply, or 150 million tokens. Another 50 million tokens will be allocated to other marketing campaigns in batches 6 months after spot listing on the exchange.

KITE Listing Details on Binance

Binance will list KITE on November 3rd, at 13:00 (UTC), and will open trading for KITE/USDT, KITE/USDC, KITE/BNB, and KITE/TRY pairs.

KITE will be listed with the Seed Tag applied, indicating potential high volatility of the token. Initially, KITE will be listed on Binance Alpha, a platform designed 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. The exchange has also listed the KITE addresses on BNB Smart Chain, Ethereum, and Avalanche in its official announcement.