Kite has completed the testnet and NFT snapshot, and 48% of the KITE tokens will be allocated to the community and ecosystem

ChainCatcher news, according to official news from the Kite Foundation, the snapshot of the Ozone testnet and the "FLY THE KITE" NFT has been completed as of Beijing time, involving interaction and social media binding data.

At the same time, the binding of EOA wallets is still ongoing, and the specific deadline will be subject to the official page. In addition, the KITE Foundation has released the token economic model, with the token $KITE aimed at supporting the first blockchain for AI agent payments, with a total supply of 10 billion. The initial token distribution includes: ecosystem and community (48%), modules (20%), team and early contributors (20%), investors (12%). Modules, as an important part of the Kite network, cover supply-side services such as computing, models, and data, as well as demand-side services such as agents and applications, earning rewards based on verified usage.

Previously, it was reported that Kite (KITE) was launched on Binance Launchpool, with KITE spot trading going live on November 3.