Kinto's $KINTO Token Lists on Major Exchanges After $3.8M Raise
Kinto, a modular exchange and on-chain platform, has announced the upcoming listing of its native token, $KINTO (K), on multiple exchanges. The token will be available on Kinto's native exchange, mexc, Gate.io, and Uniswap. This development follows a successful token launch that raised $3.8 million from over 2,700 participants through a Dutch auction model, with the funding round clearing at $15 per token.
The $KINTO token serves as the utility token at the core of the Kinto project, with a maximum supply of 15 million tokens. Of these, 70% will be distributed to the community, enabling them to participate in governance processes and enjoy staking benefits such as access to liquidity pools and other incentives. The Kinto ecosystem is designed to provide a secure platform with the necessary tools to navigate the decentralized finance (DeFi) marketplace. Its modular design allows for seamless movement of assets and liquidity across various platforms, catering to both centralized and decentralized exchanges and protocols.
Kinto emphasizes security and compliance by integrating Know Your Customer (KYC) and Anti-Money Laundering (AML) mechanisms at the blockchain level. All users are required to be KYC verified, ensuring a legally compliant environment for accessing DeFi. The platform also runs continuous AML monitoring to maintain security and compliance. This approach has garnered support from key industry players, including Brevan Howard Digital, which deployed $20 million into the Kinto ecosystem. Anthony Scaramucci of SkyBridge Capital, an early investor in Kinto, publicly endorsed the project, highlighting its potential for institutional investors.
Ramon Recuero, Kinto’s CEO, commented on the listing, stating, “Kinto is built to enable long-term, sustainable growth in decentralized finance. The $K listing is not just a token launch—it’s proof that fair tokenomics and real financial utility can exist in crypto. This industry needs to move beyond speculative short-term gains and toward building financial infrastructure that genuinely empowers users.”
Since its launch, Kinto has provided users with seamless access to decentralized finance without compromising security, compliance, or user control. The exchange is the first blockchain network to feature native KYC and AML enforcement at the blockchain level. The upcoming listing on major exchanges is a testament to Kinto’s commitment to providing a secure environment for achieving financial sustainability. This development is expected to enhance liquidity and accessibility for users, making it easier for them to participate in the DeFi ecosystem. Kinto's focus on fair tokenomics ensures that the distribution and utility of the $K token are designed to benefit a wide range of users, from individual investors to institutional players. This approach positions Kinto as a major player in the DeFi space, offering a robust and secure environment for decentralized financial activities.