TechFlow news, October 22 — According to an official announcement, Kinetiq, a liquid staking protocol on Hyperliquid, has launched its governance token KNTQ. The total supply of KNTQ is 1 billion, with the distribution as follows:
30% allocated for protocol growth and rewards;
25% distributed to participants of the genesis event (1% and 24% airdropped to users holding Hypurr and kPoints tokens, respectively);
23.5% awarded to core contributors;
10% reserved for Kinetiq Foundation operations;
7.5% allocated to early investors;
4% provided for market liquidity.
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