Dear CoinEx Users,
Pre-token Trading is an innovative service that enables pre-minting (creating), trading, and delivering PreTokens by staking assets. CoinEx Pre-Token Trading will launch PRE_KITE (PRE_KITE) on Oct 31, 2025. Details are as follows:
New PreToken
1. Name: PRE_KITE
2. Time: 03:00, Oct 31, 2025 (UTC)
3. Services: Pre-minting, Spot Trading
Access
1. Web: Navigation Bar - Spot - Pre-Token Trading
2. App: CoinEx App Homepage - More - Pre-Token Trading
About PRE_KITE
Kite AI is a decentralized Layer 1 blockchain designed to empower AI-driven applications with a unique Proof of AI (PoAI) consensus, ensuring fair attribution and transparent rewards among agents, models, and data providers. Built to facilitate AI economies, Kite integrates blockchain technology with AI to enable seamless interactions between users, AI builders, data providers, validators, and delegators. The platform supports smart contracts, staking, governance, and module-based AI development, aiming to create a transparent, user-driven ecosystem where autonomous agents transact efficiently using its native token, KITE.
PRE_KITE is a PreToken under Pre-Token Trading for predicting the spot price of KITE, which will fluctuate based on market expectations of KITE's price movements following its listing on the Spot market. By pre-minting and trading PRE_KITE, users can predict the price movements of KITE following its listing on the spot market. The trading price of PRE_KITE does not directly affect the price of KITE, both are a reflection of market expectations.
About KITE
1. Total Supply: 10,000,000,000
2. Team Introduction:
Chi Zhang - CEO
- Chi Zhang is the Co-Founder and CEO of ZettaBlock and Kite AI. She graduated from the University of California, Berkeley.
Scott Shi - CTO
- Scott Shi is the Co-Founder and CTO of ZettaBlock and Kite AI. He graduated from the University of Illinois Urbana-Champaign and Zhejiang University.
Laughing - APAC Lead at Kite AI
- Laughing is the APAC Lead at Kite AI. He previously served as Chief Marketing Officer at Weirdo Ghost Gang, Researcher at BlockBeats, and Product Architect at Alibaba.
3. Investors: General Catalyst, Hashed, Hashkey Capital, PayPal Ventures, 8VC, Samsung Next, SBI US Gateway Fund, Vertex Ventures, Dispersion Capital, Alumni Ventures, Avalanche Foundation, GSR Markets, LayerZero, Animoca Brands, Essence VC, and Alchemy.
How to Participate
1. If you assume the KITE spot price may go up after its listing on the Spot market, you can purchase PreTokens in the trading market and KITE until delivery, at which time the delivery rule is only applicable to position delivery.
- Final Profit = Position delivery amount* - Purchase cost
Position delivery amount = Held quantity * Delivery price - Delivery fee
2. If you assume the KITE spot price may go down after its listing on the Spot market, you may need to first pre-mint PreTokens, sell them in the trading market, and wait for delivery. In this case, your PreTokens will apply to both position delivery and pre-minting delivery.
- Final Profit = Pre-minting delivery amount* + Position delivery amount* + Revenue from selling - Collateral cost
Pre-minting delivery amount = Staked amount - Final pre-minted quantity * Delivery price - Delivery fee
Position delivery amount = Held quantity * Delivery price - Delivery fee
Please note that the price of PRE_KITE is a reflection of market expectations and can be highly volatile. Please carefully evaluate your risk tolerance before participating.
PreToken Info
1. Name: PRE_KITE
2. Ticker: PRE_KITE
3. Pre-minting time: 03:00 Oct 31, 2025 (UTC)
4. Pre-minting price: 0.5 USDT
Trading Info
1. Trading Start: 03:30 Oct 31, 2025 (UTC)
2. Trading Pair: PRE_KITE/USDT
3. Opening Method: Call Auction
(1) Call Auction
03:30 - 03:50, Oct 31, 2025 (UTC): Orders can be placed and canceled
03:50 - 04:00, Oct 31, 2025 (UTC): Orders can be placed but not canceled
(2) Trading
04:00 Oct 31, 2025 (UTC): Trading available
AMM: PRE_KITE supports AMM, allowing any CoinEx user to become a market maker by providing liquidity and earn 50% of trading fees of the market, calculated on a daily basis. Learn more about AMM >>
Delivery Info
1. Delivery time: The delivery will occur 4 hours after KITE is listed on the spot market. The delivery schedule may be adjusted if there are any changes to the listing time.
2. Delivery price: The delivery price is determined by calculating the average of 1-min candlestick closing price during the hour before delivery. CoinEx may adjust the final delivery price if any market manipulation is detected during the price calculation period. If the delivery price is calculated higher than 0.5 USDT, the delivery is capped at 0.5 USDT.
Fees
1. Redeeming Fee: 2%
2. Delivery Fee: 1%
3. Trading Fee: 0.3%
More Info
Risk Warning
Please ensure you fully understand the rules and the project of Pre-Token Trading before participating. Pre-Token Trading is highly speculative with significant price volatility and investment risks. We encourage you to make informed investment decisions based on your understanding of cryptocurrency and careful assessment of your investment capacity.
CoinEx Team
Oct 31, 2025