Kite Coin Overview: AI-Driven First-Layer Blockchain and KITE Token

Source: BTCHaber Original Title: What is Kite coin? Original Link: https://www.btchaber.com/kite-coin-nedir/

What is Kite?

Kite is a first-layer blockchain network designed specifically for artificial intelligence. It is introduced as the world’s first AI payment platform. The platform’s cryptocurrency is called KITE.

Through Kite’s infrastructure, artificial intelligence can maintain its identity and autonomously execute payment processes. The infrastructure also aims to ensure security without human supervision.

The reason for developing this technology is the lack of trust when shopping robots or trading assistants make payments. To address this issue, Kite proposed a system called SPACE.

The Founders of Kite

Kite was founded by Chi Zhang and Scott Shi in 2024.

How Kite Works

Kite transforms human-centered payment models into autonomous structures executed by artificial intelligence. It uses a framework called SPACE to achieve this. SPACE stands for stablecoin(stablecoin), programmable constraints(programmable constraints), agent identity(agent identity), compliance(compliance), and economic viability(economic viability).

In this framework:

• Stablecoin indicates that Kite uses stablecoins for transactions
• Programmable constraints are enforceable rules imposed by smart contracts on AI
• Agent identity is the identity assigned to AI
• Compliance represents an immutable audit trail maintained while protecting user privacy
• Economic viability is the system’s ability to efficiently send small amounts of funds

The Role of KITE Coin in the Project

To understand the role of KITE coin, it’s important to distinguish it from other stablecoins used on the platform. When agents transfer between stablecoins, the network operates using KITE. In other words, KITE coin is used to provide network security, manage the ecosystem, and extract value from AI.

Users can participate in the network infrastructure by staking KITE. Those who wish to run modules to utilize AI services will lock Kite into liquidity pools. This provides collateral for module operation. Developers must hold KITE to integrate with the ecosystem. Finally, validators stake KITE to verify transactions and ensure blockchain security.

How to Buy Kite

To buy KITE, you first need to create an account on a cryptocurrency exchange. Then, complete the identity verification process for the created account. To complete the purchase, your account needs to have a balance. If there is no balance, you can choose payment methods like bank transfer or credit card. After depositing funds, you can purchase the desired amount of assets.

Purchase Steps

• On the exchange homepage, click on “Buy/Sell” or “Market” options. Enter Kite in the search bar to find it
• On the purchase page, click the “Buy” button to start the transaction. If you do not have an existing account, create one; if you do, log in
• Enter the amount in local currency you want to purchase to proceed. After deciding the amount to invest, confirm the transaction. The exchange will automatically check your account balance. When sufficient, the transaction completes. If insufficient, you can add the required amount using deposit options
• In the final step, click the “Buy” button again to confirm the transaction. Cryptocurrency is purchased immediately, and the acquired crypto will be transferred to your account shortly

Disclaimer: This article does not contain investment advice or recommendations. All investment and trading activities carry risks, and readers should conduct their own research before making decisions.