Kineko is a burgeoning player in the crypto gambling arena. Since its inception in 2021, Kineko has been offering a licensed and high-throughput bookmaker platform that focuses on casino games and sports/esports betting. As a dynamic platform, it accepts a variety of cryptocurrencies including Bitcoin, Ethereum, Solana, USDC, and USDT, making it widely accessible for crypto enthusiasts. With thousands of users actively betting on the Kineko platform, it's projected to exceed $500MM in betting volume in 2022.
Deflationary Tokenomics
A distinctive feature of Kineko's financial model is its deflationary token system. The platform earmarks 33.33% of its profits for buying back its native token, $KNK, on the open market every month. This strategic buyback approach is designed to reduce the coin supply over time.
Long-Term Rewards for $KNK Holders
The continual buybacks of $KNK not only foster a deflationary environment but are also intended to provide long-term rewards for the token holders. This is largely due to the combined effect of an engaged and growing user base and decreasing coin supply. As more users participate in the platform and the coin supply reduces, the value of $KNK is expected to appreciate, offering potential benefits to long-term holders.
Kineko: A Promising Future
With its high-throughput betting system, a wide array of accepted cryptocurrencies, and strategic deflationary token model, Kineko is well-positioned to carve out a significant presence in the crypto gambling sphere. This innovative platform promises not just an immersive gaming experience but also an opportunity for users to potentially gain from holding $KNK tokens in the long term.
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