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View ChartKnit Finance (KFT) is a decentralised protocol launched in 2021 that creates cross-chain wrappers for a wide range of assets, including assets from different blockchains and real-world assets. The protocol addresses a fundamental problem in the blockchain space: because different blockchains use incompatible formats, they form isolated islands with their own users, dApps, and assets, making it difficult to move assets or data from one chain to another. Knit Finance solves this by allowing users to deposit assets into insured custody and mint k assets, which are 1:1 equivalent in value to the original assets and are available on multiple chains for trading, staking for yield, lending, and margin trading. The platform leverages the Polkadot network to facilitate its cross-chain capabilities and bridges different chains' synthetics with the Ethereum chain. The native token, KFT, has a total supply of 100,000,000 tokens and is used for governance and as a medium of exchange within the platform.
Knit Finance is developed by a publicly identified team. The project's website lists Dr. Aviral Sharma as CTO, Nikhil R Karande as COO, Sibiraj PR as Blockchain Developer, and Niksmac as Full Stack Developer. Sainath Gupta has been referenced as CEO of Knit Finance in a Medium recap of a Knit Finance AMA hosted on COINCRUNCHIN's Crypto Community. The company behind Knit Finance is privately held, headquartered in Hyderabad, and operates in the financial services industry with a company size of 2-10 employees. The project raised a total of $1.65M across private, strategic, and public rounds, with backing from investors including Bitcoin.com, AU21 Capital, Momentum 6, LD Capital, pSquare Capital, DAO Maker, Orion Protocol, X21 Digital, Nabais Capital, Chronos Ventures, and TRGC.
Knit Finance operates as a protocol for creating cross-chain wrappers for the top-200 assets. Users deposit their assets into insured custody, after which they receive k assets in return. These k assets are equivalent in value to the original assets but can be used across multiple blockchains. The platform leverages the Polkadot network to facilitate cross-chain capabilities and bridges different chains' synthetics with the Ethereum chain. K-Assets are available on any EVM-compliant blockchain and can be used for trading, staking for yield, lending, and margin trading. The protocol's security framework incorporates advanced cryptographic techniques such as multi-signature wallets, smart contracts, time locks, and Multi-Party Computation (MPC) to secure transactions and enhance the safety of asset custody.
Knit Finance addresses one of the fundamental challenges in the blockchain space: the isolation of blockchains. By enabling the movement of assets and data across different chains, Knit Finance enhances the functionality and utility of existing blockchains and paves the way for a more interconnected and efficient blockchain ecosystem. The protocol's ability to create cross-chain wrappers for both blockchain-based and real-world assets increases liquidity within the DeFi space and opens up a plethora of DeFi opportunities for users. The use of insured custody for deposited assets adds an extra layer of security and trust. Additionally, the platform's compatibility with any EVM-compliant blockchain and its leverage of the Polkadot network position it as a versatile interoperability solution. The protocol has a CertiK rating of 3.3, reflecting its security posture.
The native token KFT plays a crucial role within the Knit Finance ecosystem. It is utilized for governance purposes, allowing token holders to participate in decision-making processes. Additionally, KFT serves as a medium of exchange within the platform, facilitating various transactions and interactions. The broader Knit Finance protocol enables users to deposit assets and mint k assets, which are 1:1 equivalent in value and available on multiple chains for trading, staking for yield, lending, and margin trading. The platform aims to bridge the gap between various blockchains and the traditional financial world, increasing liquidity within DeFi and opening up DeFi opportunities for users across different chains.
The Knit Finance ecosystem is developing around its cross-chain wrapper technology and k assets. The protocol supports multiple chains, with Total Value Locked reported on Ethereum at $210,063 and on Polygon at $172,567, alongside BNB Chain, Moonriver, and Fantom. K-Assets are designed to be usable across different chains for trading, staking, lending, and margin trading. The project maintains an active GitHub repository with 13 repositories available. Community and governance are centred around KFT token holders who participate in decision-making processes. The project has conducted public sales through platforms such as Gate.io Startup and DAO Maker, and has engaged with the community through AMA events. The platform continues to position itself as a solution for blockchain interoperability and DeFi accessibility.
Knit Finance does not use a traditional mining mechanism. KFT is an ERC-20 token on the Ethereum platform, and its distribution follows a vesting schedule rather than proof-of-work mining. Token distribution categories include Team, Marketing, Liquidity, Advisors, Reserves, and Partnerships, each with specific cliff and vesting periods. For example, Team tokens have a 12-month cliff followed by 3.0% monthly vesting, while Liquidity tokens have a 13.0% TGE allocation, a 2-month cliff, and 3.0% monthly vesting. Users can earn yield by staking k assets within the Knit Finance ecosystem. KFT holders can also participate in governance. Those looking to acquire KFT typically do so through cryptocurrency exchanges where the token is listed.
Keeping KFT safe requires standard cryptocurrency security practices. Since KFT is an ERC-20 token on Ethereum, it can be stored in compatible wallets that support ERC-20 tokens. Users should consider hardware wallets for long-term storage and ensure their private keys and seed phrases are kept secure and offline. When interacting with the Knit Finance protocol or any DeFi platform, users should verify contract addresses and use official links. The protocol itself employs security measures including multi-signature wallets, smart contracts, time locks, and Multi-Party Computation (MPC) to secure transactions and asset custody. Investors should conduct thorough research and consider their own financial situation before engaging with any cryptocurrency or decentralised platform, and be aware of the significant market risk and extreme volatility associated with crypto-assets.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for KFT 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 Knit Finance (KFT) is ₹0.003358. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated KFT to USD rate at the top of BTCC’s price page. In terms of market scope, Knit Finance records a 24h trading volume of ₹0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of ₹16.454126K. Its current circulating supply stands at 49L out of a maximum supply cap of 10Cr.
The price volatility of Knit Finance (KFT) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as RBI or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (49L) to max supply (10Cr), 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, Knit Finance (KFT) hit an all-time high (ATH) of ₹332.500026 on 2021-09-02 11:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at -- on 2021-09-01 17:50. 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 KFT 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 (₹0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s KFTUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Knit Finance, simply log into your BTCC account with USDT margin available, navigate to the KFTUSDT 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 KFTUSDT 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: ₹0.003358), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for KFTUSDT with zero financial risk.
Trading Knit Finance (KFT) 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 KFTUSDT, and review its live price (₹0.003358) 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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