What is Kite Coin? An analysis of the Layer-1 blockchain of the AI payment platform

Question

Source: BTCHaberOriginal Title: What is Kite coin?Original Link: ## Project OverviewKite is a layer-one blockchain network specifically designed for artificial intelligence, introduced as the world's first AI payment platform. Its ecosystem token is KITE.Through Kite's infrastructure, AI can maintain independent identities and autonomously complete payment processes, while ensuring security without human supervision. The development background of this technology stems from the current lack of full trust in automated payments by shopping robots and trading assistants. To address this issue, Kite proposes a framework system called SPACE.## Project FoundersKite was founded by Chi Zhang and Scott Shi in 2024.## How It WorksKite shifts the human-centric payment model to an autonomous architecture executed by AI, implemented through the SPACE framework. The SPACE framework includes the following five elements:- **Stablecoin**: Represents the stablecoin used by Kite in transactions- **Programmable Constraints**: Enforcement rules imposed by smart contracts on AI agents- **Agent Identity**: The identity assigned to AI- **Compliance**: Maintains an immutable audit trail while protecting user privacy- **Economic Viability**: The system's ability to efficiently handle small transfers## The Ecosystem Role of KITE TokenIn platform operation, AI agents transfer funds among themselves using stablecoins, and the network is driven by KITE. Therefore, KITE is used to ensure network security, ecosystem governance, and to derive value from AI services.Users can participate in network infrastructure by staking KITE. Participants who wish to run modules to utilize AI services must lock KITE in liquidity pools to collateralize module operations. Developers must hold KITE to integrate into the ecosystem. Validators stake KITE to verify transactions and protect blockchain security.## How to Obtain KITEFirst, you need to open an account on a leading exchange and complete the identity verification process. After ensuring your account has a balance, you can deposit via bank transfer, credit card, or other payment methods. Once funded, you can purchase the required amount of assets.On exchanges supporting TL trading pairs, users can purchase Kite coins by following these steps:1. Click on "Buy/Sell" or "Market" at the top of the exchange homepage, enter "Kite" in the search bar to find and purchase2. On the buy page, click the "Buy" button to start (register or log in if you do not have an account)3. Enter the amount in RMB you wish to buy and proceed. The system will automatically check your account balance; if sufficient, the transaction completes; if insufficient, you can choose to recharge4. Finally, click the "Buy" button again to confirm the transaction; the purchase executes immediately, and tokens will be transferred to your account shortly**Disclaimer**: This article does not constitute investment advice. All investment and trading involve risks, and readers should conduct thorough research before making decisions.

SchrodingerPrivateKey · Accepted Answer

AI self-transfer? That sounds pretty magical. Can you really trust it?

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Another AI concept coin. It seems like everything in the past two years needs to be associated with AI.

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The SPACE framework sounds impressive, but can this thing really solve trust issues?

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A project founded only in 2024, the timing is a bit late.

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Basically, it's still about wanting robots to consume autonomously, but only if you can trust them.

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Who are Chi Zhang and Scott Shi? Do they have past projects?

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Layer-1 is almost everywhere now. Do they really need to use the AI buzzword just to raise funds?

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Unsupervised by humans? That sounds even more dangerous than human supervision.

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Shopping robots automatically paying... if there's a bug, who will compensate?

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The truly interesting part isn't KITE coin, but whether AI can truly make independent decisions.

MetaverseHomeless · Answer

AI pays itself? That sounds pretty sci-fi, but trust issues are really a pitfall.

It's just wanting the bot to spend money without asking the owner, but the risk seems a bit high.

Another new project for 2024, these AI-related coins are flying everywhere now, not sure which one can survive.

The SPACE framework sounds awesome, but how exactly can safety be guaranteed? Just one sentence feels a bit vague.

Giving AI an independent identity to make autonomous payments—if something goes wrong, who will take the blame...

MidnightMEVeater · Answer

Good morning. Once again, a new story of "AI autonomous payment." Ensuring security without supervision? That statement itself is the biggest joke, as the most valuable thing in the robot paradise is that trust premium. Once it breaks... tsk, it's even deadlier than a sandwich attack.

MemeKingNFT · Answer

Another "world's first"? I've heard too many this year, AI payments, unsupervised autonomous processes... It sounds just like last year's Move-to-Earn buzzwords. What is the SPACE framework system? The name sounds quite poetic, but what about on-chain data?

FOMOrektGuy · Answer

AI autonomous payment? Sounds pretty good, but I always feel something's off... Can we really trust this thing?