Kite Foundation Finalizes Ozone Testnet and Publishes Token Information

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

TOKEN-3.4299998%

KITE+13.608%

Source: Coinmarketcap

Updated: Oct 31 2025

Ozone Testnet Completion: The Kite Foundation has successfully completed its Ozone testnet and the "FLY THE KITE" NFT snapshot, which included user interaction and ongoing wallet binding, marking a significant advancement in its AI-powered payment infrastructure.
Tokenomics Unveiled: The $KITE tokenomics were revealed, featuring a total supply of 10 billion tokens, with 48% allocated to the ecosystem and community, and 20% for supply-side services, aimed at promoting AI payment solutions.
Binance Listing Impact: The listing of $KITE on Binance Launchpool and the start of spot trading on November 3 are expected to enhance liquidity and user engagement, despite a recent significant price drop of 87.68% over the past month.
Future Implications: Analysts suggest that the $KITE token's allocation model could reshape AI payment mechanisms and stabilize the network's infrastructure efficiency and user loyalty over time.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Kite Foundation Finalizes Ozone Testnet and Publishes Token Information

About the author

Top News

Oil Firms Cautious on Venezuela Investment Push

GM Reports $7.1 Billion Charge Amid EV Shift

Stock Market Wraps 2025 with Double-Digit Gains

Novo Nordisk's Weight-Loss Pill Approval: Key Impacts

Related Articles

Bath & Body Works Securities Class Action Notice Issued

Faruqi & Faruqi Investigates Varonis Securities Fraud Claims

People Also Watch