AVATAR announced a strategic investment and deep partnership in Kine Protocol

Source: AVATAR

AVATAR(Avalanche Asia Star Fund) announced on December 29, 2021 that AVATAR(Avalanche Asia Star Fund) has made a strategic investment in Kine Protocol(Kine) to establish a deep partnership. Kine Protocol (Kine) completed Avalanche (AVAX) deployment in early December, fully implementing its multi-chain, all-ecological layout!

Kine Protocol (Kine) is a decentralized derivatives Protocol platform based on Ethereum. It aims to build a derivatives market with unlimited liquidity and help users to trade derivatives quickly, transparently and conveniently. All trades are supported by the industry's innovative point-to-pool engine, which maximizes capital efficiency at optimal leverage through state-of-the-art cross margin. At present, KINE has achieved a multi-chain layout to meet the diversified needs of users, build a multi-chain integrated trading ecology, and become a decentralized derivatives trading platform with the best user experience.

KINE multi-directional layout, achieve DEX breakthrough

The Kine Protocol derivative trading platform based on [Peer to Pool] point-to-pool trading principle was officially launched on Ethereum in March 2021. Kine Protocol has achieved remarkable achievements. Kine has more than 7,000 daily active users, and its daily trading volume is around 300 million, making it the 10th DEX of CoinMarketCap.

In order to achieve greater traffic and growth, KINE is implementing more multi-chain deployments and successfully completed the Avalanche(AVAX) chain deployment in early December with multi-chain support for Ethereum, Binance Smart Chain, Polygon, and Avalanche(AVAX) chain.

KINE in the past nine months of practice, walked out of a perfect combination with Cefi Defi advantage of derivatives trading: trading priority chain to the requirement of security, stability, and combined with background of financial and technical aspects of the professional team, opened many chain ecological development, to provide users with the best quality products experience as the goal.

Kine Protocol is not content with simply being a Defi derivatives trading platform. Starting on December 23, Kine launched its innovative trading FUN - a combination of trading + blind box +NFT instead of traditional trading mining. The user can obtain the blind box after completing the Kine Protocol transaction, and open the blind box to obtain the NFT token card. NFT token cards can be exchanged, integrated and exchanged in Kine NFT platform, realizing a more powerful user experience.

Kine Protocol will continue to develop its innovative "trade everything" ecosystem, fusing together the possibilities of Metaverse, DeFi and NFT. Create a more open, inclusive, safe, transparent and highly operational platform for Defi DEX, and create a high-quality investment tool and platform for Defi enthusiasts.

AVATAR(Avalanche Asia Star Fund) made strategic investment in KINE and promoted the rapid development of KINE ecology

This strategic co-investment will drive the integration of Kine Protocol into the Avalanche (AVAX) ecosystem and is an important step toward realizing the Kine Ecometa-universe initiative.

"Kine Protocol (Kine) is a team full of possibilities, and we will continue to plow through our commitment to professionalism and innovation. AVATAR accelerates the growth of the Avalanche (AVAX) ecosystem by investing in and supporting innovative teams and programs. Avalanche will give us a solid foundation to continue to dig into Defi and build our own Metaverse. "We are very excited about AVATAR and the AVAX ecosystem, and we are extending our platform and new products to the mighty Avalanche and building on Avalanche's continued growth." -Co-founder of Kine Protocol & AMP; CEO Lei.

About the AVATAR

AVATAR is a team of investors, researchers, and computer scientists focused on extrapolating the success of blockchain, embedding crypto economics into transactions, computing, storage, and social interactions. AVATAR, a leading Asian venture capital firm, has launched a separate $20 million fund to develop and expand the Avalanche ecosystem

System.

About Avalanche (AVAX)

Avalanche is the fastest smart contract platform in the blockchain industry in terms of completion time. Avatar will play a key role in further accelerating Avalanche's growth and supporting developers and early project teams to contribute to the Avalanche ecosystem.

Avalanche is an open source platform for launching decentralized financial applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem. Developers building with Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rule sets, or build from existing private or public subnets.

About Kine Protocol (Kine)

KINE Protocol is a decentralized derivatives Protocol platform based on Ethereum. It aims to build a derivatives market with unlimited liquidity and help users to trade derivatives quickly, transparently and conveniently. All trades are supported by the industry's innovative point-to-pool engine, which maximizes capital efficiency at optimal leverage through state-of-the-art cross margin. At present, KINE has achieved a multi-chain layout to meet the diversified needs of users, build a multi-chain integrated trading ecology, and become a decentralized derivatives trading platform with the best user experience.

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