Question 1

What is KiloEx?

Accepted Answer

KiloEx is a decentralised derivatives exchange that enables users to trade leveraged perpetual contracts on multiple blockchains, including BNB Chain, opBNB, Base, Manta and others. The protocol is designed to combine high-speed trading with advanced risk management features. It operates through self-custodial smart contracts, offering users a trading platform without intermediaries. Traders can open long or short positions using stablecoins like USDT or USDC as collateral, while liquidity providers fund vaults that act as counterparties for trades.

The platform also includes features such as copy trading, a hybrid vault system with mixed asset support, a referral programme, and mechanisms for dynamic funding rates. Security audits are conducted by third-party firms, and the smart contracts are publicly verifiable.

Question 2

What is KiloEx (KILO) Token?

Accepted Answer

KILO is the native utility token of the KiloEx decentralised perpetual trading platform. Issued on the BNB Chain, the token operates alongside xKILO, an escrowed version of KILO that enables staking, governance, and access to fee discounts and rewards. Users can convert KILO into xKILO to participate in platform governance, earn real yield from trading fees, and receive staking incentives.

Question 3

What is KiloEx (KILO) used for?

Accepted Answer

KILO is used across multiple functions within the KiloEx protocol:

- **Conversion to xKILO**: Users convert KILO to xKILO at a 1:1 ratio to access staking and governance features.
- **Staking and Yield**: Staking xKILO allows users to earn a share of platform fees and other incentives, including USDT rewards.
- **Governance**: xKILO holders can vote on protocol decisions, including reward distribution and product direction.
- **Trading Incentives**: Users staking xKILO can gain VIP status, fee discounts, and preferential trading conditions.
- **Liquidity Provision**: KILO supports the vault system and liquidity pools, including the Hybrid Vault for mixed asset deposits.
- **Bonus Redemptions**: Redeeming xKILO back to KILO with a vesting period grants users bonus KILO, depending on the duration locked.
- **Ecosystem and Partner Incentives**: Allocated KILO supports marketing, strategic partnerships, referrals, and ecosystem expansion.
- **Airdrops**: KILO is distributed to users based on activity and participation in airdrop campaigns.

Question 4

Who created KiloEx (KILO)?

Accepted Answer

KiloEx was founded by a team with backgrounds in both traditional finance and blockchain development. The leadership includes:

- **Joey Ni** – Founder and Chief Executive Officer  
- **Xiaochuan Gong** – Co-Founder and Chief Operating Officer  
- **Young Yang** – Chief Technology Officer

The team leads the development and strategic growth of KiloEx, which has received investment backing from Binance Labs. Their focus includes building decentralised trading infrastructure and tools for capital efficiency and user engagement.