On Wednesday, the Kinetiq Foundation officially launched the protocol's official governance token, KNTQ. As the largest liquidity staking platform in the Hyperliquid public chain Layer1 (HyperEVM) ecosystem, Kinetiq's current TVL has exceeded $1.60 billion.
The total supply of tokens is capped at 1 billion, and eligible airdrop recipients must agree to the Kinetiq Foundation Terms of Use by 20:00 UTC on November 21 to receive tokens.
From the perspective of the token distribution plan, 30% of KNTQ will be used for protocol development and reward distribution; 25% will be used for initial airdrops, of which 1% will be allocated to Hypurr holders, and 24% will belong to kPoints holders - this point system has been launched since mid-July. Users accumulate points by pledging the number and duration of HYPE to prepare for airdrops; 23.5% will be allocated to core contributors, 10% will be held by the Kinetiq Foundation, 7.5% will be for investors, and the remaining 4% will be used for liquidity support.
Hyperliquid-based liquid staking platform Kinetiq launches governance token KNTQ
2025-10-23 05:57:12
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