KiloEx aims to meet the growing demand in the DeFi derivatives space while prioritizing user experience. It gained significant attention in the crypto market through a Token Generation Event (TGE) on Binance Wallet.

Project Concept & Features

KiloEx brings the advantages of transparency, non-custodial trading, and decentralization to the leveraged derivatives market, traditionally dominated by centralized exchanges (CEX).

Key Features:

• Perpetual Futures: Open long or short positions with leverage.

• High Leverage: Up to 100x trading.

• Non-Custodial Trading: Users retain control of their funds.

• Risk Management: Uses Oracle Mechanisms for accurate, transparent pricing.

• User-Friendly Interface (UI): Similar experience to CEX platforms.

Team

• Joey Ni – CEO (Co-Founder): Experienced with OKX & Phemex; 6+ years in crypto investment.
• Charles Gong – COO (Co-Founder): Formerly Bitget & OKX; manages operations and user growth.
• Young Yang – CTO: 13 years engineering, 9 years management; previously Meituan & HBTC VP.

How It Works

KiloEx revolves around $KILO and $xKILO tokens:

• $KILO: Utility token used for staking, liquidity, and rewards.

• $xKILO: 1:1 mintable from $KILO, non-transferable, staking rewards, VIP privileges, and governance rights.

Liquidity Pool Model:

• Users provide liquidity with stablecoins or main cryptocurrencies.

• Liquidity Pools serve as the counterparty for perpetual trades.

• Profits and losses are settled via the LP, with LPs earning fees and rewards.

• Price data is verified using decentralized oracles like Chainlink.

Investors & Key Partners

• Binance Labs: Strategic investment providing credibility.

• BNB Chain: KiloEx plays a central role in the ecosystem.

• Other Partners: opBNB, Manta Network (ZK proofs), and LSTfi integration.

Governance

• DAO Transition: KiloEx aims for full community governance over time.

• KILO Token Holders: Vote on fees, features, token usage, and ecosystem funds.

Roadmap

• 2023: Mainnet launch, smart contract audits, multi-language support, mobile app.

• 2024: Taiko & B2 Mainnets, 1-click trading, TPSL system, staking, API SDK, hybrid vault.

• 2025: KiloEx TGE, $KILO listing on Binance, Bybit, Bitget, Gate, Spot DEX launch, Solana & BNB support, AI trading signals, smart money monitoring.

Token Use Cases

• Trader & liquidity provider incentives

• Staking rewards

• xKILO stakers share platform fees

• DAO governance

• Liquidity provision & VIP perks

Token & Market Data

• TVL: $4.89M

• Market Cap / TVL: 0.4727

• Total Supply: 1B KILO

• Max Supply: 1B KILO

• Circulating Supply: 211.7M KILO

Kiloex Token Distribution

• Ecosystem: 27% (4 years vesting, 6 months cliff)

• Airdrop: 10% (85% TGE, 15% 180 days)

• Staking Rewards: 8%

• Team: 20% (3 years vesting, 1-year cliff)

• Private Sale: 8% (3 years vesting, 1-year cliff)

• Strategic Investment: 10% (3 years vesting, 1-year cliff)

• Advisors: 5% (3 years vesting, 1-year cliff)

• Liquidity Providers: 5% (100% TGE)

• Binance Wallet Public Sale: 5%

• Marketing: 2%

Features & Ecosystem

• Trader & LP-friendly DEX

• Fast, secure trading experience

• xKILO staking & rewards

• DAO-based governance

• Multi-chain support & AI trading analytics

Ecosystem Components:

• DEX platform

• Liquidity Providers

• Traders

• Partner networks (opBNB, Manta, etc.)

• DAO governance

Official Link

• Website
• Twitter
• Telegram
• Medium

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Full Refund for Affected Traders

In a statement released on April 24, KiloEx confirmed that traders with open positions during the downtime will be fully reimbursed for any increased losses or missed profits. The platform encouraged users to close their positions promptly once operations resume, as compensation calculations will be based on the time the platform becomes active again.

“Please close your position as early as possible once we go live again. Reimbursement amounts will reflect that timing,” the team emphasized.

Extra APY for Hybrid Vault Stakers

All funds drained from the Hybrid Vault were successfully restored, meaning stakers’ principal and earnings remain intact. Still, KiloEx will grant an additional 10% annual percentage yield (APY) as a goodwill reward. This bonus will be available to users who had capital in the vault before the platform resumes activity.

Agreement Reached With Attacker

On April 15, KiloEx extended a bounty offer to the individual behind the attack: if the hacker returned 90% of the funds, they could retain the remaining 10%—approximately $750,000—as a white hat reward. Failure to comply would have resulted in legal action and a possible public identity reveal.

Shortly after, blockchain analysts observed transactions indicating the stolen funds had been returned. KiloEx later confirmed the return and dropped all legal threats, officially awarding the attacker the promised bounty on April 18.

Exploit Origin: Oracle Vulnerability

The breach occurred on April 14 and led to a temporary suspension of the platform. According to security audits, the hacker abused a vulnerability in the platform’s price oracle, manipulating asset prices to generate fraudulent profits.

KiloEx’s post-mortem revealed that the attacker accessed a function meant for authorized use only, allowing them to open a position at an artificially low value and close it at a much higher price, exploiting the protocol’s logic for financial gain.

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All Funds Returned Within 4 Days

The exploit, reported on April 15, forced KiloEx to suspend platform operations. On April 18, PeckShieldAlert confirmed that approximately $5.5 million in crypto had been returned. KiloEx later confirmed full recovery of all assets.

White Hat Agreement Honored

KiloEx had offered the exploiter 10% of the stolen funds as a bounty if they returned the remaining 90%. The attacker complied, and as promised, the platform said:

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“All affected funds have been fully restored, and we will honor our agreement with a 10% white hat bounty.”

KiloEx also said it will not pursue legal action, as the issue has been resolved transparently and without victims.

Oracle Vulnerability Suspected

According to PeckShield, the root cause of the exploit may have been a price oracle issue — a manipulated or inaccurate data feed used by smart contracts to determine asset prices.

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KiloEx and DWF Labs Join Forces

According to the official statement, KiloEx and DWF Labs will collaborate in key areas such as on-chain trading infrastructure, community growth, and market expansion. This strategic move will strengthen KiloEx’s vision to become a pioneer among decentralized trading platforms, while DWF Labs’ deep liquidity and investment expertise will accelerate the platform’s development.

KiloEx: Standing Out Among Binance Wallet IDO Projects

One particularly striking detail is that KiloEx is the only project among Binance Wallet IDO projects with a $50 million FDV that has not yet been listed on Binance Futures. This situation attracts investors’ attention while also revealing the platform’s future potential.

New Integration in DeFi Infrastructure: BNB Chain

The company is also preparing for new integrations on the BNB Chain within the scope of this partnership with DWF Labs. With this development, users will benefit from a more advanced trading infrastructure, easier access to DeFi tools, and high liquidity support.

The Community Strengthens, DeFi Expands

This partnership is not just a technological collaboration; it is also a reflection of a vision aimed at empowering the global DeFi community. The two projects aim to improve user experience and contribute to the mass adoption of decentralized trading through the tools they offer together.

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Click here to access the detailed announcement by BNB Chain.

KiloEx Strengthens Its Position in the BSC Ecosystem

KiloEx remains committed to building the most advanced and user-friendly Perp DEX on the BNB Smart Chain. In this direction, the platform is intensifying efforts to expand the use cases of the $KILO token and ensure deeper integration with real-world scenarios.

As part of its future goals, KiloEx is working on the following key developments:

• Decentralized Governance: Developing a governance model that allows $KILO token holders to have a say in the platform’s decisions.

• Exclusive User Benefits: Offering premium trading tools and features to users who stake tokens.

• DeFi Collaborations: Planning to integrate with various DeFi protocols to expand the ecosystem.

• Community Rewards: Introducing special incentives for active participants to reward community contributions.

Click here to join the KiloEx platform and benefit from discounts and promotions.

The $KILO Ecosystem Continues to Strengthen

After successfully completing the Token Generation Event (TGE), $KILO is advancing not just as a token, but with the vision of building a robust ecosystem. In line with its long-term value creation strategy, it focuses on the following core principles:

• A strong and sustainable tokenomics model

• Growth through strategic partnerships

• Continuous product development and integrations

With the support of the KiloEx community, the platform is confidently moving forward to become one of the most innovative and trusted platforms in the DeFi space.

The post KiloEx Receives 290,000 USDT Worth of Support from BNB Chain! appeared first on Coin Engineer.

What is KiloEx?

KiloEx supports BNB Chain, opBNB, Manta, Taiko, and Base, offering gas fee payments in USDT and USDC, eliminating the need for native tokens. The platform enables no-signature transactions and provides an optimized trading speed, delivering a CEX-like experience.

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Growing Interest in KiloEx!

In August 2023, YZi Labs invested in KiloEx, AltLayer, Kinza, and Sleepless AI. KiloEx is also a BNB Chain Airdrop Alliance member.

Recent data shows:

• Open contract value: $8 million

• Total users: 400,000+

• TVL (Total Value Locked): Dropped from $50 million to $38 million (DeFiLlama data)

With its robust trading infrastructure and airdrop incentives, KiloEx continues to attract investors. Bybit’s $KILO listing is expected to drive further adoption.

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What is Kiloex?

Users are under lower liquidation risk, have the highest leverage, wider trading pairs, hedging tools, decentralized routing and access to copy trades. They refer to themselves as a “decentralized exchange offering the best of both worlds”.

According to their claims, they offer investors lightning-speed trades, real-time monitoring of market activities and a trading experience similar to a centralized exchange. They offer risk-free positions and LP-friendly solutions to liquidity providers. They ensure that investors and liquidity providers have the freedom and security to take control of their transactions.

1. Semi-Anonymous Team : The team has a semi-anonymous structure, which could raise transparency concerns for some users. However, the support from Binance Labs can somewhat alleviate trust issues.
2. Omni-Chain Hybrid Exchange (OHEX) : Another Perpetual DEX, Aboard Exchange, introduced OHEX architecture aiming to be the first full-chain hybrid on-chain exchange. This architecture minimizes launch costs and expands access to various trading categories by integrating liquidity pools from various Perpetual DEX platforms.
3. Diverse Network Support : KiloEx currently supports BNB Chain, opBNB, and Manta networks, thus it can offer users a wider range of options compared to other Perpetual DEX platforms.
4. User-Friendly Experience: It is known for fast transactions and a wide variety of trading pairs.

Where is the Airdrop?

We currently have only 4 tasks for the airdrop:

1 – Let’s go to the airdrop page and click on “Connect Wallet” in the upper right corner to connect our wallet to the website. You can reach the airdrop page from here.

After connecting our wallet, we should come here every day and get the new day’s score. I think this will have a significant effect on the airdrop.

2 – Another way to earn points for free is the “Go to Invite” section. You can earn points by inviting your friends from this section. For each invitation, 30% of the points earned by the person you invite will be given to both you and the person you invited.

Now let’s move on to the paid parts:

Most people find this part difficult where the main points are earned. Because all are “Trade” based rewards.

1 – You will earn 50 points for every $1000 transaction. In short, you will get 50 points when you make a $500 transaction open-close.

2 – You will earn 50 points per day for every $2000 you deposit. So, depositing $2000 on the platform will earn you 50 points every day.

Extras for Airdrop

It is not certain that these will earn us points. But I recommend those who don’t have the money for paid airdrop tasks at least try these.

Because the more points, the more airdrop.

Let’s go to the Earn section and click on the “Deposit” section below and stake at least 5 USDT. This will also contribute to us.

Go to this page for social media tasks. Let’s click “Connect Wallet” from the upper right corner and connect our wallet. You can collect points for airdrop by doing all the tasks.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post A Brand New DEX and Airdrop Opportunity with KiloEx! appeared first on Coin Engineer.