Binance Unveils KITE Tokenomics With 10 Billion Total Supply

Kite Foundation completed its Ozone testnet and NFT snapshot ahead of $KITE token launch, with Binance listing spot trading on November 3.

NFT

Summary

According to the Kite Foundation’s official announcement, the Ozone testnet has been completed and a FLY THE KITE NFT snapshot was taken on October 31. The $KITE tokenomics outline a total supply of 10 billion tokens, with 48% allocated to ecosystem development. The token will support AI agent payment use cases. Binance Launchpool will list KITE for spot trading starting November 3, marking a key step in its market debut.

Terms & Concepts
  • Tokenomics: The economic model of a cryptocurrency, outlining supply, distribution, and allocation to guide its usage and value.
  • Launchpool: A Binance program allowing users to stake tokens to farm new cryptocurrency rewards before market listing.
  • Circulating Supply: The amount of a cryptocurrency currently available in the market for trading and use.