Update, August 16: the tease became a ticker in one day, twice over. KII opened for spot trading on Bybit at 1:00 p.m. UTC on August 14, 2026, per BitcoinWorld, with deposits enabled ahead of the start, and Kraken published its own notice the same day stating that KII trading was live on its venue, with app and Instant Buy support to follow once liquidity develops. This page moves from announced to listed accordingly, and we cover the double debut in a dedicated news piece. The timing remains the interesting part: trading went live three days after KiiChain closed its public token sale, which means the first centralized venues for KII opened almost before the ink dried on the primary raise. For a token this early in its life, the order of operations tells you a lot about the launch plan: sale first, liquidity venues immediately after.
An FX network, not another L1 story
KiiChain is easy to misfile as yet another layer 1, and the pitch is more specific than that. The project, developed by Kii Global, describes itself as an on-chain foreign exchange layer: infrastructure that connects dollar-denominated stablecoin liquidity with local-currency stablecoins and real world assets, so that cross-border payments and currency conversion can settle on-chain around the clock. The target market is explicitly emerging economies, where the spread between official and street FX rates is a daily cost of doing business and where stablecoin adoption already outruns most of the developed world. Per the project's documentation, KII is the utility token that makes the network run: gas, staking and validator delegation, governance, protocol charges and liquidity incentives, with a fixed maximum supply of 1.8 billion.
The public sale that preceded Bybit's tease ran on Sonar and was deliberately retail-shaped. Per Chainwire, registrations opened July 28 and reached 9,450 before the sale went live on August 3, with a minimum ticket of just $10, KYC required, and USDC, USDT and other supported assets accepted. The detail that matters most for anyone eyeing the listing: sale tokens are subject to a one year cliff followed by two years of daily vesting. Whatever floats at listing, it will not be the sale allocation.
On Sonar, KYC-gated, $10 minimum.
One year cliff, then two years vesting.
Coming soon, no date or pair.
Bybit from 13:00 UTC, Kraken same day.
What to watch now that the ticker exists
The listing blanks are filled; the float question now does all the work. With sale tokens fully locked for a year, the circulating supply on both venues comes from whatever the team and market makers seeded, and thin, team-controlled floats are exactly the setups that produce violent first candles in both directions. We walked through that mechanic in the exchange listings guide, and recent entries like the CYS listing show how much of the price action can happen before and around the open rather than after it. Kraken's involvement adds a second dimension worth watching: its notice flags geographic restrictions and holds back app and Instant Buy support until liquidity develops, which is the cautious shape of a US venue easing into a very young asset.
The other thing to watch is whether the FX framing survives contact with a speculative market. A token whose stated utility is gas, staking and liquidity incentives on a payments network trades, in its first weeks, on none of those things. It trades on float, on sale price anchoring from a $10-minimum retail round, and on how much attention a mid-August tape has to spare. None of that says anything about whether on-chain FX for emerging markets is a real business. It says that the first weeks of a fresh listing are a market-structure event, not a fundamentals referendum, and we will keep the events list on this page current as pairs, volume and any further venues appear.
Status check, September 2, 2026: the first candle played out exactly as the float math suggested. Per CoinGecko, KII printed its all-time high of $0.09774 on listing day, August 14, then its all-time low of $0.01004 on August 22, a round trip of roughly 90 percent inside eight days, before recovering to about $0.061 as of our check, up 4.9 percent over seven days. Market cap sits near $19.8 million on a reported circulating supply of about 324 million tokens, with daily volume around $14.5 million and Bybit's KII/USDT pair the most active venue at roughly $2.9 million. No new exchanges have been announced since the Bybit and Kraken debut, so the events list is unchanged.
Not financial advice Listings often spike and then bleed once the initial hype unwinds. Nothing here is a suggestion to buy this token. Verify dates on the exchange's own announcement page before trading: schedules slip.