Binance & OKX Set to Launch KAITO Token: AI-Powered Social Media Revolution

Generated by AI AgentCoin World
Wednesday, Feb 19, 2025 8:31 am ET1min read
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Binance, the world's largest cryptocurrency exchange by trading volume, has announced plans to list KAITO, a new token set to tokenize social media content using AI. Trading will commence on Thursday, February 20, at 13:00 UTC.

The KAITO token will be available for trading against BTC, USDT, USDC, BNB, FDUSD, and TRY pairs. Users can begin trading KAITO on Binance starting February 20 at 13:00 UTC.

Binance will attach a seed tag to KAITO as a special identifier to help distinguish it from other tokens, given its relative newness in the market. This is a precautionary measure to mitigate higher-than-normal risk and expected price volatility.

Similarly, Binance is introducing KAITO to its HODLer Airdrop program, rewarding BNB holders with token airdrops based on historical snapshots of their BNB balances. Users who subscribed their BNB to Simple Earn products from February 6 to February 10 will receive the airdrops distribution.

The airdrop will distribute 20 million KAITO tokens, representing 2% of the one billion KAITO supply. Eligible users will receive the tokens in their spot accounts an hour before trading goes live. Notably, the Base layer-2 network hosts the KAITO smart contract.

The Binance listing announcement coincides with Kaito's planned token generation event (TGE), slated for February 20 at 12 PM UTC. The network articulated that its tokenomics would be released right before claims open, with trading expected to commence at 1 PM UTC the same day.

OKX, another major exchange, has confirmed plans to list the token for spot trading starting Thursday. OKX will impose several restrictions on orders during the first five minutes of trading to protect traders from price volatility at the opening of spot trading.

Specifically, no market orders will be allowed, and each limit order and each user's maximum net position size must not exceed $10,000 in value. These restrictions will be lifted after the first 5 minutes of trading.

Given the heft of Binance and OKX exchanges in the crypto industry, these listing announcements highlight the level