King Protocol

KING Price

What is King Protocol about?

King Protocol, formerly known as LRT², addresses the challenges of distributing fractional ERC-20 token rewards through restaking protocols. It provides a unified restaking reward system where KING tokens represent a share of a vault containing restaking rewards. LRTs deposit these rewards into the vault and mint and distribute KING tokens to their restakers, streamlining the distribution process and reducing transaction costs.

What makes King Protocol unique?

King Protocol stands out by addressing inefficiencies in fractional reward distribution. It enhances the user experience by simplifying reward management for small stakers, eliminating the complexity of handling fractional amounts. Additionally, it fosters an active market for larger stakeholders through the ability to redeem or arbitrage vault share tokens, which helps stabilize the King token price and drive liquidity.

What can King Protocol be used for?

King Protocol is designed to streamline the distribution of restaking rewards, reduce transaction costs, and improve the efficiency of reward management for both small and large stakers. It facilitates the creation of an active market for vault share tokens, contributing to token price stability and increased liquidity.

Where can you buy King Protocol?

KING tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade King Protocol is Uniswap V4 (Ethereum), where the most active trading pair KING/ETH has a trading volume of $32.42 in the last 24 hours. Other popular options include Uniswap V3 (Ethereum) and Aerodrome (Base).

What is the daily trading volume of King Protocol (KING)?

The trading volume of King Protocol (KING) is $40.37 in the last 24 hours, representing a 21.70% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for King Protocol (KING)?

King Protocol (KING) reached an all-time high of $3,400.50 and an all-time low of $54.27. It’s now trading -92.40% below that peak and 375.30% above its lowest price.

What is the market cap of King Protocol (KING)?

Market capitalization of King Protocol (KING) is $1,558,154 and is ranked #2554 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of KING tokens (6 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of King Protocol (KING)?

The fully diluted valuation (FDV) of King Protocol (KING) is $1,558,154. This is a statistical representation of the maximum market cap, assuming total number of 6 Thousand ETH tokens are in circulation today.

How does the price performance of King Protocol compare against its peers?

With a price increase of 4.40% in the last 7 days, King Protocol (KING) is outperforming the global cryptocurrency market which is down -4.60%, while outperforming when compared to similar Base Native cryptocurrencies which are up 2.00%.

How to add King Protocol (KING) to MetaMask?

Adding King Protocol (KING) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import KING as a token. You can copy KING’s contract address (0x8f08b70456eb22f6109f57b8fafe862ed28e6040) and import it manually, or if you've installed MetaMask's chrome extension, add KING to MetaMask with one click on CoinGecko.

Add KING to MetaMask.