Kineko, a high-throughput sports betting and prediction markets protocol with real-time settlement, has announced its migration to Solana. Kineko has gained substantial momentum since inception on the Ethereum network and continues to be a leader in the crypto betting space. Kineko has a volume turnover totaling over $41 million. The team took a step back to evaluate the efficacy of the Ethereum network and its ability to scale and work for the dApp as well as their users, both from a logistical and financial sense.
How Solana Helps Improve User Experience
Currently, the Ethereum network is plagued with high gas prices, long transaction times, among other scalability issues that are impacting user experience. Many of these, if not all, can be solved with a transition to Solana. Within the Solana network, transactions are orders of magnitude faster and cheaper, making it cost efficient for bettors, liquidity providers, and for the project itself. Users can expect improvements in the speed of bet settlements, payouts, and deposits being credited to betting accounts.
Following the migration, Kineko’s token is available for purchase on Raydium with the option to stake it for 200-300% APY. For users that wish to bet, $KKO provides a 2% discount on all bets made. It is no surprise that users are flocking to the blockchain, which is helping make the $250 billion betting market more efficient. Specifically, Solana helps provide the power of a high throughput low cost chain and an incredible UX/UI experience for users.
Kineko Casino is now open and is offering a bunch of great games such as Sports Betting, Poker games, Slots, Blackjack tables or Roulette. Kineko’s Live Casino is open 24/7 so users can enjoy their games whenever and anywhere, with over 500 different options and counting.
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