Kineko is revolutionizing the betting landscape with a fully licensed, high throughput platform that caters to sports, esports, and casino enthusiasts. Imagine placing your bets with nine different cryptocurrencies, including Bitcoin, Ethereum, Solana, USDC, and USDT. That's the Kineko experience! But wait, it gets better—Kineko employs a unique deflationary mechanism, using 33.33% of profits for monthly buybacks of its native token, $KNK, ensuring long-term value and rewarding loyal holders. As the user base grows, and the coin supply diminishes, the potential for profit becomes more compelling. Intrigued? Keep reading to uncover what sets Kineko apart in the bustling world of crypto betting.

What is Kineko?

Kineko is a fully licensed, high throughput bookmaker focused on sports and esports betting, as well as casino gaming. The platform currently accepts nine different cryptocurrencies, including Bitcoin, Ethereum, Solana, USDC, and USDT. This diverse range of accepted cryptocurrencies makes Kineko a versatile and accessible platform for crypto enthusiasts.

Deflationary Mechanism

One of the standout features of Kineko is its deflationary mechanism. Every month, 33.33% of the platform's profits are used to buy back $KNK tokens in the open market. This buyback strategy reduces the circulating supply of $KNK, creating a deflationary effect. Long-term holders of $KNK are expected to benefit from this mechanism as the combination of an engaged and growing user base, along with a declining coin supply, drives up the token's value.

Token Market Data

Understanding the market data of $KNK is crucial for potential investors and users. Here are some key statistics:

• Current Price: $0.7723
• Market Cap: $0.00
• 24h Price Change: -5.47%
• 7d Price Change: -0.76%
• 30d Price Change: -24.27%
• 24h High: $0.8453
• 24h Low: $0.7624
• All-Time High: $1.8143 (2023-12-19)
• All-Time Low: $0.0220 (2023-09-05)
• Circulating Supply: 0.00
• Total Supply: 200,000,000.00

The Purpose and Utility of the Kineko Crypto Token

Medium of Exchange

The Kineko crypto token (KNK) serves as a utility token within the Kineko ecosystem, providing access to specific services or functionalities on the platform. The primary purpose of KNK is to facilitate transactions, enable peer-to-peer transfers, and enable economic activities within the project.

Solving Traditional Financial System Inefficiencies

The Kineko token aims to solve the problem of traditional financial systems' inefficiencies by offering a decentralized and transparent solution for transactions and value transfer. By leveraging blockchain technology, Kineko removes intermediaries, reduces transaction costs, and provides greater financial freedom to users.

Staking and Network Security

In addition to its role as a medium of exchange, KNK can also be used for staking, allowing participants to contribute to network validation, consensus, or other protocols and earn passive income as an incentive. This staking mechanism enhances network security and stability, further strengthening the Kineko ecosystem.

Unique Features and Benefits

Association with Online Casino Platform

One unique feature of the Kineko token is its association with the online casino platform, which sets it apart from other tokens. The token is designed to facilitate transactions and interactions within the casino ecosystem, providing users with unique benefits and incentives. For instance, users can earn rewards through staking their KNK tokens, enhancing network security and earning passive income.

Versatility Beyond the Casino Platform

Moreover, the Kineko token's use cases extend beyond the casino platform, as it can also be used for trading and purchasing goods and services on various platforms. This versatility adds to the token's utility and value proposition, making it an attractive option for investors and users interested in the crypto space.

Tokenomics and Distribution Model

Total Token Supply

The total token supply of KNK was initially 200 million tokens. However, there was a one-time token burn of 180 million tokens, reducing the total supply to 20 million tokens.

Circulating Supply

The circulating supply of KNK is held entirely by public investors. It is expected to continue shrinking as the Kineko team buys back the KNK token every month.

Team Allocation

The Kineko team has an allocation of 2 million tokens, which is 10% of the total supply. These tokens will not unlock for at least 2 years and will then unlock monthly over a 2-year period.

Strategic Reserves

The Strategic Reserves allocation is used for future potential partnerships that will improve and grow the Kineko platform. The Kineko team has no current plans to issue these tokens, but they believe it is important to maintain flexibility for future opportunities. Any tokens issued from the Strategic Reserves for partnerships are expected to have token lockups of at least 3 years.

Maximum Supply Cap

The maximum supply cap of KNK is 20 million tokens, following the one-time token burn of 180 million tokens.

Mechanisms to Control Inflation

Promise of Deflation

To control inflation, Kineko has implemented a Promise of Deflation principle, ensuring that the number of tokens burned through the Kineko Buyback Program is always greater than or equal to the number of tokens emitted. This principle makes the KNK token an unmatched crypto asset for investors to hold and stake.

One-Time Token Burn

In addition to the buyback program, Kineko has conducted a one-time token burn of 180 million tokens, reducing the supply from 200 million to 20 million tokens. This significant reduction in supply is expected to further strengthen the token's value and investor confidence.

Staking Rewards

The Kineko platform also offers staking rewards for those who participate in liquidity provider pools. These rewards can increase in value when a large chunk of tokens are removed from circulation, further incentivizing users to stake their tokens and contribute to the platform's liquidity.

The Team Behind Kineko

Core Team Members

The Kineko crypto token is supported by a team of experts in Web3 strategy, innovation, and engineering, who apply blockchain technologies to create next-generation solutions. While specific details about the Kineko team are not provided in the sources, TokenInsight lists the Kineko (KNK) team and founder. However, the information is not accessible without a subscription.

Notable Advisors and Partners

Kineko has partnered with Tiger Research, a renowned Web 3 research and consulting advisory, to bring localized Web3 insights to Asia. This partnership aims to establish and expand Kineko's presence within the Asian market.

In terms of advisors, Kineko has a team of over 20 mentors and advisors at the Circular Economy Startup Tokyo Inc