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View ChartKing Protocol (KING) is a unified restaking rewards protocol built on Ethereum. It addresses a common pain point in the restaking ecosystem: while restaking protocols can distribute rewards in any ERC-20 token, users often receive fractional amounts that are inconvenient to claim or trade. King Protocol solves this by consolidating multiple restaking reward tokens into a single liquid token, KING. The protocol functions as a vault that holds reward tokens as underlying assets. Liquid Restaking Tokens (LRTs) deposit restaking rewards into the vault and then mint and distribute KING to their restakers. This streamlined system significantly reduces transaction costs and improves the efficiency of reward distribution. Formerly known as LRT Squared (LRT2), the project rebranded to King Protocol. It launched on Oct. 9, 2024, and is built on Ethereum as an ERC-20 token, with additional deployments on Arbitrum One and Base. The total supply is approximately 5.97K KING according to CoinMarketCap, with a circulating supply percentage of roughly 27.74%. The project is in an early growth phase, having raised $2 million in strategic funding in early 2025.
King Protocol was developed by a team with expertise in DeFi operations, token economics, risk management, and smart contract design. The project is primarily powered by AlphaGrowth, a DeFi operations and growth firm. According to the company profile on LinkedIn, King Protocol is a public company in the Blockchain Services industry with 2-10 employees. In early 2025, the project raised $2 million in strategic funding from industry leaders. Named backers include Arthur Hayes, Justin Sun, Marc Zeller, EtherFi, Kelp, EigenPie, and Swell. The 2025 Year in Review states: "We started the year with a $2M raise backed by leading crypto founders." Detailed public information about individual team members is currently limited beyond the involvement of AlphaGrowth.
King Protocol operates as a unified vault system that merges rewards from multiple restaking protocols into one liquid token. The vault holds rewards tokens as underlying assets. Liquid Restaking Tokens (LRTs) deposit restaking rewards into the vault and then mint and distribute KING to their restakers. KING represents a share of this vault, meaning holders are entitled to a proportional share of the underlying assets. The protocol uses a UUPSProxy upgradeable proxy pattern, with implementation at 0x1cB489ef...6fF1957dE. A UI Multiplier mechanism scales displayed token amounts based on the active multiplier. The architecture is designed to cut transaction costs and streamline the rewards process, making it easier for smaller stakers to manage and trade their rewards. The code repository is available at https://github.com/king-protocol/king-protocol-sc. No contract security audit has been submitted according to Etherscan.
King Protocol addresses a significant inefficiency in the restaking ecosystem. Restaking protocols typically distribute rewards in various ERC-20 tokens, often in fractional amounts that are impractical to claim or trade. This leads to poor user experience, low token utilization, and increased selling pressure on reward tokens. King Protocol's unified restaking reward system consolidates these fractional rewards into a single token, KING. This reduces transaction costs and improves distribution efficiency. For small stakers, it removes the complexity of managing multiple reward tokens. For larger stakeholders, the ability to redeem or arbitrage vault share tokens creates an active market, helping stabilize the King token price and drive liquidity. The protocol's mission, as stated in its 2025 Year in Review, is to build a unified rewards architecture that aggregates yield across protocols and chains, simplifying accrual and claims.
KING tokens serve several key functions within the King Protocol ecosystem. First, they provide unified reward representation: KING tokens represent a share of a vault containing restaking rewards from various protocols. Second, they enable simplified reward distribution: by consolidating multiple reward tokens into KING, users receive a single token, reducing transaction costs and complexity. Third, they offer liquidity provision: KING tokens can be traded on decentralized exchanges, providing liquidity and enabling users to participate in other DeFi activities. Fourth, they allow redemption: holders can redeem KING tokens for their proportional share of the underlying assets in the vault. LRTs deposit restaking rewards into the King Protocol vault and then mint and distribute KING to their restakers, making KING the central asset for restaking reward management. The token is traded on Uniswap v3 on Ethereum in the KING/ETH pair.
The King Protocol ecosystem is centered around Liquid Restaking Tokens (LRTs) that deposit restaking rewards into the protocol vault and mint KING for their restakers. Named ecosystem participants and investors include EtherFi, Kelp, EigenPie, and Swell. The protocol has expanded beyond Ethereum with deployments on Arbitrum One and Base, both noted on March 20, 2025. The Arbitrum deployment relates to staking functionality. The ether.fi GitBook documents a "King Protocol (Historical Reference)" page. The project's code repository is publicly available on GitHub. According to Etherscan data from September 2026, the token had approximately 17,043 holders on Ethereum, with 1,113 holders on Arbitrum as of August 2026. The protocol is actively developing its unified rewards architecture, as outlined in its 2025 Year in Review, with a focus on aggregating yield across protocols and chains.
King Protocol (KING) is not mined through traditional proof-of-work mechanisms. Instead, KING tokens are minted and distributed through the protocol's vault system. Liquid Restaking Tokens (LRTs) deposit restaking rewards into the King Protocol vault and then mint and distribute KING to their restakers. This means users obtain KING by participating in restaking activities through supported LRTs. The protocol also has staking functionality related to its Arbitrum One deployment. There is no mining process in the conventional sense; rather, KING is earned as a representation of restaking rewards. Users who wish to acquire KING can also trade for it on decentralized exchanges such as Uniswap v3, where the KING/ETH pair is available. The protocol's design is specifically intended to simplify the rewards process for restakers, including those with smaller stakes.
Securing KING tokens requires attention to both standard cryptocurrency security practices and protocol-specific considerations. First, always store KING in a reputable self-custody wallet that supports ERC-20 tokens on Ethereum, Arbitrum One, or Base. Hardware wallets provide an additional layer of security for larger holdings. Second, verify contract addresses before interacting with any token: the official Ethereum contract is 0x8F08B70456eb22f6109F57b8fafE862ED28E6040, the Arbitrum One contract is 0x2e412435928efe43b156caa8f4b1068729fee275, and the Base contract is 0xe22c243c7559c667a1eb94b593369d192c5fbac0. Third, note that no contract security audit has been submitted according to Etherscan, so users should exercise additional caution and conduct their own research. Fourth, be aware of low liquidity conditions: LiveCoinWatch data shows liquidity ±2% at $0.0000, and 24-hour trading volume has been reported as low as $0 USD on some platforms. Fifth, never share your private keys or seed phrases. Sixth, use official links only: kingprotocol.org, docs.kingprotocol.org, and the verified GitHub repository. Always double-check URLs and contract addresses before making transactions.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for KING are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of King Protocol (KING) is C$355.46. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated KING to USD rate at the top of BTCC’s price page. In terms of market scope, King Protocol records a 24h trading volume of C$0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$2.14M. Its current circulating supply stands at 5.95K out of a maximum supply cap of 21.52K.
The price volatility of King Protocol (KING) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (5.95K) to max supply (21.52K), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, King Protocol (KING) hit an all-time high (ATH) of C$4,817.1 on 2024-12-17 04:00, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$203.52 on 2026-04-04 04:50. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading KING futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s KINGUSDT perpetual contracts support two-way trading. If you anticipate a price decline for King Protocol, simply log into your BTCC account with USDT margin available, navigate to the KINGUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for KINGUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$355.46), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for KINGUSDT with zero financial risk.
Trading King Protocol (KING) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for KINGUSDT, and review its live price (C$355.46) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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