K-BIT is an oracle-based decentralized perpetual futures exchange where anyone can trade perpetual futures using their own wallet. Also K-BIT is the first PerpDEX on Kaia, aiming to be the no.1 PerpDEX in the world. Perpetual futures trading is widely used in major centralized exchanges such as Binance, OKX, and Bybit, and the service is also provided in decentralized exchanges such as GMX and dYdX. Unlike the exchanges mentioned above, K-BIT will mainly conduct perpetual futures trading for 1) major tokens based on the Kaia network and 2) tokens that can only be traded in spot and cannot be traded in futures on major centralized exchanges. This will provide new opportunities for long/short two-way trading for users who have difficulty managing appropriate risk due to the inability to trade traditional futures. For example, Kaia-based tokens such as BORA and GRND are tokens that are ranked at the top in terms of market capitalization on CoinMarketCap, but there is no exchange that supports perpetual futures trading, making it difficult for exchange users to properly respond to price drops. Through K-BIT, you will be able to enjoy an improved trading experience based on appropriate risk management through leverage long or leverage short for the corresponding tokens.