- Kinesis launches testnet to monetize idle computing resources via a decentralized, tokenized protocol.
- The platform uses JOULE, a fixed-supply token, and Delegated Staking to reward suppliers and expand network participation.
- Founded by ex-Microsoft, AWS, and Meta execs, Kinesis aims to deliver low-cost, on-demand compute for AI and beyond.
Kinesis Network has launched its testnet, aiming to revolutionize the compute economy by transforming underutilized computing power, from laptops to data centers, into scalable, on-demand infrastructure.
The Seattle-based protocol allows anyone to supply or consume compute resources through a frictionless, decentralized platform, powered by blockchain but abstracted from its complexities.
Founded by cloud and blockchain veterans from Microsoft, AWS, IBM, and Meta, Kinesis is building what it calls a “decentralized compute grid”—a network where computing works as seamlessly and invisibly as electricity. Suppliers can onboard with just a few clicks, no wallets or Web3 knowledge needed, while customers access compute services like any traditional cloud provider.
“Compute should work like a power grid,” said Baris Saydag, CEO of Kinesis. “You plug in and it works. That’s what we’re creating—an open network where compute flows, no matter where it comes from.”
At the core of Kinesis is JOULE, a non-inflationary protocol token with a fixed supply of one billion. Instead of minting new tokens, Kinesis rewards suppliers from transaction fees, ensuring a sustainable economic model tied directly to real-world usage.
The platform also introduces Delegated Staking, enabling token holders to delegate their JOULE tokens to suppliers, who in turn share rewards with them, creating a three-sided incentive loop that scales network participation.
Beyond individual contributors, large-scale ecosystem players can create custom delegation pools to onboard their communities, multiplying the protocol’s reach and liquidity. This aligns with Kinesis' goal to attract strategic partners and activate global supply networks.
The flagship application, Kinesis Cloud, is tailored for AI workloads, offering high-performance infrastructure at significantly reduced costs compared to traditional cloud services.
“We’re making compute radically more accessible,” said COO Hamza AK. “Whether you’re a developer, a token holder, or an enterprise with idle servers, Kinesis makes it easy to contribute and benefit. This is compute for the people.”
With its testnet now live, Kinesis is inviting developers, suppliers, and communities to join the network and help shape the future of decentralized infrastructure.
Edited by Harshajit Sarmah
