Kinetiq launches the KNTQ token and will airdrop 1% and 24% to users holding Hypurr and kPoints tokens, respectively.
Foresight News reported that the liquidity staking protocol Kinetiq on Hyperliquid has announced the launch of its governance token, KNTQ. The total supply of KNTQ is 1 billion, of which 30% will be allocated for protocol growth and rewards to incentivize users and ecosystem development; 25% will be distributed to participants of the genesis event; 23.5% will reward core contributors in recognition of their significant contributions to the protocol; 10% will support the operations of the Kinetiq Foundation; 7.5% will be allocated to early investors as a return for their support; 4% will provide market liquidity to support KNTQ trading; and 1% and 24% will be airdropped to users holding Hypurr and kPoints tokens, respectively, to enhance community engagement.
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