What is Kite Coin? An In-Depth Explanation of the AI Payment Platform

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

Introduction to Kite Coin

Kite is a layer-one blockchain network specifically designed for artificial intelligence, promoted as the world’s first AI payment platform. Its native token is KITE.

Kite’s infrastructure enables artificial intelligence to maintain independent identities and autonomously execute payment processes. At the same time, this infrastructure aims to ensure security without manual supervision.

The reason for developing such technology is the current lack of trust in paying shopping robots or trading assistants. To address this issue, Kite has 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 architectures driven by artificial intelligence. It achieves this by using a framework called SPACE. SPACE stands for Stablecoin, Programmable Constraints, Agent Identity, Compliance, and Economic Feasibility.

Within this framework:

• Stablecoin: Represents that Kite conducts transactions using stablecoins
• Programmable Constraints: Enforced rules that smart contracts impose on AI
• Agent Identity: The identity assigned to artificial intelligence
• Compliance: Maintaining an immutable audit trail while protecting user privacy
• Economic Feasibility: The system’s ability to efficiently send small amounts of funds

The Role of KITE Token in the Project

To understand the role of KITE, it is necessary to distinguish it from other stablecoins on the platform. When an agent transfers funds on stablecoins, the network operates using KITE. In other words, KITE tokens are used to secure the network, manage the ecosystem, and extract value from AI.

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

How to Obtain KITE Coins

To buy KITE, first create an account on a cryptocurrency trading platform. Then, complete the account verification process. To make a 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 buy the desired amount of assets.

Steps to purchase KITE:

1. Click on “Buy/Sell” or “Market” at the top of the trading platform homepage, and search for Kite to purchase
2. On the buy/sell page, click the “Buy” button to start trading. If you do not have an existing account, you need to create one; if you do, log in
3. Enter the amount of Turkish Lira you wish to purchase and proceed with the transaction. Confirm the deposit amount and finalize the trade. The platform will automatically check your account balance—if sufficient, the transaction completes; if not, you can choose to recharge
4. In the final step, click “Buy” again to confirm the transaction. Cryptocurrency purchases are executed immediately, and the purchased crypto will be transferred to your account shortly

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