What is KING PROTOCOL(KING)?

Basic information about KING

Coin name:

King Protocol

Coin symbol:

Coin introduction:

Restaking protocols can distribute rewards in any ERC-20 token. However, users typically receive fractional amounts of these rewards, making them inconvenient to claim or trade. This situation can lead to a frustrating user experience, with poor returns for restakers, low token utilization, and increased selling pressure on reward tokens. King Protocol (formerly known as LRT²) offers a solution through a unified restaking reward. KING represents a share of a vault full of restaking rewards. 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 restaking reward distribution. It is particularly beneficial for small stakers, who might otherwise find managing and trading fractional rewards challenging. For larger stakeholders, the ability to redeem or arbitrage the vault share tokens creates an active market, helping to stabilize the King token price and drive liquidity.

Current Price:

$192.06More coin details

All-time high:

$3.40K

All-time low:

$163.07

KING Supply Info and Tokenomics

Circulating supply:

7,559

Total supply:

7,559

Max supply:

Market cap:

$1.45M

Fully diluted valuation:

$1.45M

What is the outlook and future value of KING?

The current market cap of KING is $1.45M, ranked 3225 in the market, showing that the market already recognizes the value of KING. When a bull market arrives, the market cap of KING may continue to grow.

Moreover, if KING can play a greater role in real-world applications—such as if the Monero developers can fully empower KING and establish partnerships with more business partners to expand its user base—then the long-term value of KING will be further enhanced.

What is the price of KING in 2027?

According to the historical price performance prediction model of KING, the price of KING is expected to reach $201.66 at 2027.

Note: As with any crypto investment, investors should closely monitor KING’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get KING?

Purchasing KING with cash is not the only way to obtain KING. If you have enough time, you can get KING for free.

Learn how to get Hot rewards for free with KING.

Earn free KING by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get KING airdrops for free.

All crypto airdrops and rewards can be exchanged for KING through LBank spot trading.

Buy KING starting from $1

What is KING used for and how to use it?

The use cases for KING may grow with the development of the crypto market and project progress. Currently, you can use KING to:

Arbitrage trading of KING

KING is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many KING trading pairs to suit your needs.

Earn yield with KING

You can also lend out KING or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your KING gains.

Send or pay with KING

If you want to pay someone with KING, you can easily and quickly send KING to them using their receiving address.

You can also visit the official website of King Protocol to learn more use cases of KING, such as whether the King Protocol project supports community/eco apps or buying physical or virtual goods with KING.