Kineko, a high-throughput sports betting and prediction markets system with real-time settlement, has made the switch to Solana. Since its beginnings on the Ethereum network, the company has acquired significant traction and remains a market leader in the crypto betting field.
Kineko has a volume turnover of more than $41 million to date. The team took a step back to assess the Ethereum network’s usefulness and its potential to scale and operate for the dApp as well as their users, both logistically and financially.
High gas prices, slow transaction times, and other concerns can be resolved by switching to Solana. Transactions within the Solana network are orders of magnitude faster and cheaper, making it cost-effective for bettors, liquidity providers, and the project itself. Users can anticipate faster bet settlements, payouts, and deposits being credited to betting accounts.
After the migration is complete, the Kineko token can be acquired on Raydium and staked for 200-300 percent APY, or if users choose to bet, $KKO provides a 2% discount on all sports bets. With a global betting industry worth more than $250 billion, it appears that people are finally seeing the value of a high throughput low-cost chain, combined with a strong UI/UX experience, and you have a product that can genuinely scale.
Kineko Casino is currently open and offers a variety of exciting activities such as Sports Betting markets, Poker games, Slots, Blackjack tables, and Roulette. Their Live Casino is available 24 hours a day, seven days a week, so you can enjoy our games whenever and wherever you like, with over 500 distinct options and counting.