With the majority of Web3 projects taking precautions, reverting to conservative marketing tactics, and keeping major announcements under wraps, fearless AI-powered DeFi Hub Kinetix held no punches back this summer in getting its KAI token to market. After launching two premier DeFi platforms, building up a robust user base along with a vibrant community, and delivering a powerful Perpetual Exchange V2 complete with commodity and forex asset exposure to kick off 2024, Kinetix entered the summer with major momentum behind it and a crowd of influential Web3 figures around it.
With its KAI token launch slated for mid-June, Kinetix’s cutting-edge AI features and rapidly growing social presence made for the perfect recipe to deliver one of 2024’s most exciting and popular token launches – and with the facts and figures to prove it, no less.
The KAI Token Launch: A Before-During-and-After Success
Right away, the red-hot Kinetix selected a pair of top-tier IDO launch partners in Ape Terminal and Eclipse Finance. Then, IDO registrations went live on June 4, fetching more than 129,000 unique registrations in just two weeks. Oversubscribed to the tune of 80x, Kinetix’s KAI IDO turned out to be the second most popular IDO in Ape Terminal’s entire history, with only one project earning more registrants.
Officially taking place on June 17, the KAI IDO was both a major success and a smooth operation that was free of bugs, technical issues, and out-of-pocket complaints. In addition to a strong turnout from the broader Web3 market, a number of well-respected influencers took to social media to announce their support for the project and its bright future.
Following the IDO, Kinetix was prepared with substantial support for KAI in public markets, activating a key integration on its native DeFi platforms along with an anxiously anticipated Uniswap V3 listing on Ethereum. To complement the launch of KAI in leading decentralized marketplaces, Kinetix also arranged for a June 20 listing on stellar centralized exchange (CEX) Gate.io in order to bolster liquidity, provide a strong option to traditional traders, and offer a USDt pairing in a robust market.
Most impressively, the KAI token has delivered major mass market volume. With its core listings complete and very likely more on the way, KAI’s daily trading volume has surged from approximately $400,000 USD in its first day of public trading to a monumental $12 million USD just four days later. All relevant volume metrics continue to point to a continued rise for the token with no end in sight.
What’s Next for the Kinetix DeFi Hub
With KAI making rounds on social media and trending up the charts, Kinetix has landed a major milestone in less-than-friendly market conditions. Thus far, the project has already delivered on its plans to augment high-performance AI integrations to bring forth the next wave of disruptive DeFi innovation.
With its AI Companion feature live and running, Kinetix has users trading perpetual contracts and taking on leverage with a single click. As for what’s next, many members of the Kinetix community have speculated that an array of industry-leading CEX listings might be on the way, or Kinetix’s next round of powerful AI integrations.
Wherever Kinetix is headed, its bandwagon has more and more crypto traders happily jumping aboard every day. Whether to use its high-performance platforms, begin employing AI in their trading strategies, or score alpha from KAI, the Web3 world has made its opinion heard: Kinetix is lined up to be a leader in AI-powered DeFi and will very likely be a household name in Web3 for years to come.