Kineko is an online bookmaker with gambling licenses and DeFi integration. The DeFi platform rewards the user for participating in the liquidity provider pools, rewards are then transferable to the bookmaker which offers real rewards for the liquidity providers. The long term vision of this project is to turn the bookmaking side of the protocol full decentralised as the ecosystem grows.
Announcement on New Token
Taking into account that the market may not have been ready for a dApp solution in May 2021, Kineko chose the route of launching and developing a high performance cApp solution.
But now, they have elected to split the project into two different parts – one for the future development of the dApp and one for the continued optimization of the already fully operational cApp.
In order to correctly and fairly allocate resources, Kineko has decided to start a new SPL token to represent the fully functional cApp platform that is currently being used.
This way, investors will be able to choose between investing in the current platform (“Kineko”) via the new Kineko ($KNK) coin or the future build of the dApp solution via the Kineko Protocol ($KKO) coin.