TL;DR
- Idea: A purpose-built EVM-compatible Layer-1 blockchain powering autonomous AI agent payments with native stablecoin support and verifiable identity.
- Catalyst: Listing on Binance Alpha and KuCoin on 2025-11-03 following a successful $33M fundraising and Ozone testnet completion.
- Risks: Early-stage low-cap protocol facing competition, adoption risk, and reliance on AI agent market growth.
- Score: 8.00/ 10
Coin
- Name/ Ticker: Kite (KITE)
- Segment: AI-infrastructure
- Status: live
- Price: $0.937200
Key Metrics
- Market Cap: $794 507
- FDV: $801 054
- Circulating Supply: 847 779
- Total Supply: 854 764
Sources
Technology
- USP: Purpose-built Layer-1 blockchain for AI agent payments with PoAI consensus, Agent Passport identity, and native stablecoin rails.
- Core Technology: Proof of Attributed Intelligence consensus; Agent Passport cryptographic identity; Avalanche-based EVM-compatible chain; x402 payment protocol integration.
Roadmap
- 2024-10-01: Project inception and social media launch
- 2025-02-01: Public testnet v1 (Aero) launch
- 2025-05-30: Testnet upgrade from Aero to Ozone
- 2025-09-01: Series A funding of $18M
- 2025-10-01: Ecosystem map unveiled
- 2025-10-31: Ozone testnet snapshot and FLY THE KITE NFT snapshot
- 2025-11-03: Token Generation Event and Binance Alpha & KuCoin listing
Team & Investors
Team
- CEO & Co-Founder β Chi Zhang: PhD in AI from UC Berkeley; led data products at Databricks
- CTO & Co-Founder β Scott Shi: Built real-time AI infrastructure at Uber; founding engineer on Salesforce Einstein AI
- VP, Head of BD & Strategy β Lei Lei: Harvard & MIT alum; 10+ years on Wall Street, roles at BlockFi and NEAR
- Head of Product β Yusuke Muraoka: 15+ years in AI/ML research; co-founder of dotData; holds 30+ patents
- Head of Protocol β Vikas Pandey: Engineer at NEAR Protocol; Linux Foundation contributor; co-founder of EME
- Data Scientist β Spring Zhang: Data scientist with background at Uber and Databricks
Investors
- General Catalyst β Seed β’ 2025-02-10 β’ $15.00M
- Hashed β Seed β’ 2025-02-10 β’ $15.00M
- HashKey Capital β Seed β’ 2025-02-10 β’ $15.00M
- PayPal Ventures β Series A β’ 2025-09-01 β’ $18.00M
- Coinbase Ventures β Strategic β’ 2025-10-27
- Samsung Next β Seed β’ 2025-02-10 β’ $15.00M
Total funding: $33.00M
Tokenomics
- Utility: Staking, governance, module liquidity requirements, network access, and revenue-driven buyback through AI service commissions.
- Vesting: Investors and team tokens vest over multiple years; ecosystem and module allocations subject to lock-up for long-term alignment.
Pros & Cons
Strengths
- First-mover Layer-1 tailored for AI agents
- Top-tier investor backing
- High throughput with sub-second finality
- Robust on-chain identity and governance
- Revenue-driven tokenomics
- Growing ecosystem with 100+ integrations
- Strong founding team from Databricks, Uber, Berkeley
Weaknesses
- Low market cap and liquidity
- Early-stage protocol adoption
- High competition from L2s and AI infra projects
- Regulatory uncertainty around AI payments
- Limited on-chain data analytics
Market Signals (7d)
- TVL trend: stable
- CEX volume trend: low
- Active addresses trend: increasing
Price Scenarios (target: 2026-05-04)
- Bear: $0.500000 β Assumes market cap falls to $400k with constant circulating supply
- Base: $1.000000 β Maintains current market cap of ~$800k divided by circulating supply
- Bull: $2.000000 β Revenue-driven growth triples market cap to $1.7M divided by supply
How to Buy & Store
CEX
- Binance Alpha
- KuCoin
- MEXC
- Gate.io
- Crypto.com
DEX
- Uniswap V3 (Optimism)
- SushiSwap
- 1inch
- Balancer
- Kyber
Storage
- MetaMask
- Ledger Nano X
- Trezor Model T
- Coinbase Wallet
- WalletConnect
Verdict
Kite presents a compelling infrastructure play in the nascent AI agent economy, backed by top-tier investors and a strong team, but remains high risk due to low liquidity and adoption dependencies.
Official Links
Source: Coin Research (internal)
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