One of the only tokens flying high as a kite is $KITE, and after rising over 139% in one of the worst months for crypto, we just had to put our research goggles on and write up a thread. Read it now or bookmark it for later; either way, this is a must-read. 🧵

Kite is not your average Layer 1; it strives to become the very foundation that will power an entire global economy of autonomous AI agents that can operate and transact with identity, payment, governance and verification. AI agents are the future, and Kite is the first agentic network in existence, giving anyone the power to build agents with superpowers…

Unlike many chains, Kite has a hybrid consensus mechanism running on the unique Proof-of-Artificial Intelligence (PoAI) and Proof-of-Stake (PoS). AI agents, models, datasets and digital services all require an independent cryptographic identity to support transparency, traceability, provenance and governance.

Through programmable and fine-tuned governance, users can set custom delegated permissions, usage constraints and spending behaviours exactly the way they want them, so they can autonomously operate without the need for manual control.

Everything is done autonomously, and most importantly, the Agentic Payments. AI agents can explore, negotiate, trade, and pay for services with near-zero fees across over 100 apps and dApps in the @GoKiteAI ecosystem. From @Shopify to @Chainlink, Kite is BUIDLing an all-in-one ecosystem for a fully autonomous AI-agentic economy.

Kite’s chain is flourishing in activity, with over 17.8M agent passports, 1.7B agent interactions and achieved over 1.01M interactions in a single day. Providing an average of 1s block time. and a $0.000001 average fee (almost free), agents on Kite are on the rise, and so are the users controlling and automating them. If you can’t beat them, join them.

The power source behind the entire agentic economy of Kite is the $KITE token. $KITE is used to facilitate transactions on the network, as a medium of exchange for AI services, staking to the PoS consensus, and participating in the governance. All in all, $KITE has strong use cases and is rapidly evolving its tokenomics and utilities for further sustainability.

At the time of writing, $KITE is trading at $0.2355 with a relatively large market cap of $424.25. Recently, $KITE created a new ATH of $0.2468 only hours ago, and could potentially be getting ready for another leg up. If AI agents will power our every transaction, and Kite becomes the go-to chain for the agentic economy, who knows how high the $KITE token could go…

That's it for now, thanks for reading! I hope you guys enjoyed it and learned something! Follow me - @AltCryptoGems, @AltCryptoTalk, @AltCryptoCast & the @HouseOfOdds for unlimited content!